ROY Asset Holding SE
ROY CERAMICS SE TO ISSUE 4,999,000 NEW SHARES AT EUR 1.00 PER SHARE IN CAPITAL INCREASE WITH SUBSCRIPTION RIGHTS
ROY Ceramics SE / Key word(s): Capital Increase NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. Ad-hoc Announcement Baader Bank Aktiengesellschaft, Unterschleißheim, Germany (“Baader Bank“), acting as subscription agent for the issuance of the New Shares, has committed to offer the New Shares for sale to the existing shareholders of the Company at a subscription ratio of 5:2 (indirect subscription right). That is, five existing shares entitle the shareholder to subscribe for two New Shares. The subscription price is EUR 1.00 per New Share. Shareholders may subscribe for the New Shares during the subscription period which is expected to commence on 8 June 2017 at 00:00 midnight CET and end on 22 June 2017 at 24:00 midnight CET. The subscription rights to the New Shares (ISIN: DE000RYSE1B0/ WKN: RYSE1B) will not be traded at a stock exchange. In order to smoothen the subscription ratio, the main shareholder Hi Scene Industrial Limited has waived its subscription rights for 612,500 existing shares and has – subject to certain terms and conditions – committed itself vis-à-vis the Company and Baader Bank to acquire any New Shares not subscribed for by existing shareholders or other investors in connection with the rights offering at the subscription price (backstop commitment). For further details on the capital increase with subscription rights, please see the subscription offer which is expected to be published in the German Federal Gazette on 7 June 2017 and on the website of ROY Ceramics SE (http://www.roykeramik.de/en.html). The Company intends to use the proceeds from the capital increase primarily to finance the establishment of new production facilities in the United States of America. Disclaimer: This release contains certain forward-looking statements concerning the future business of ROY Ceramics SE. These forward-looking statements contained herein are based on the current expectations, estimates and projections of ROY Ceramics SE management as of the date of this release. They are subject to a number of assumptions and involve known and unknown risks, uncertainties and other factors. Should actual conditions differ from the Company’s assumptions, actual results and actions may differ materially from any future results and developments expressed or implied by such forward-looking statements. Considering the risks, uncertainties and other factors involved, recipients should not rely unreasonably upon these forward-looking statements. ROY Ceramics SE has no obligation to periodically update any such forward-looking statements to reflect future events or developments. End of inside information
Managing Director ROY Ceramics SE Bockenheimer Landstr. 17/19 60325 Frankfurt am Main Tel. +49 (0)69 710455155 Fax +49 (0)69 710455450 info@roykeramik.de http://www.roykeramik.de/en.html
01-Jun-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | ROY Ceramics SE |
Bockenheimer Landstr. 17/19 | |
60325 Frankfurt/Main | |
Germany | |
Phone: | +49 (0) 69 710455155 |
Fax: | +49 (0)69 710455450 |
E-mail: | ir@roykeramik.de |
Internet: | www.roykeramik.de |
ISIN: | DE000RYSE888 |
WKN: | RYSE88 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart; Wien (Dritter Markt (MTF) / Third Market (MTF)) |
End of Announcement | DGAP News Service |