Ad-hoc | 24 August 2001 14:51

Südzucker AG english

Ad-hoc-announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Right Issue On August 23, 2001 the General Meeting of Südzucker AG has approved an authorised capital up to 41 million EUR. On the base of this resolution executive and supervisory board have decided to make a right issue by issue of 31,779,626 new ordinary shares with the subscription ratio 9 : 2 and a subscription price for the new ordinary shares of 12.00 EUR. That means that a holder of 9 ordinary and/or preference shares has the right to subscribe for two new ordinary shares. The new shares are entitled to dividend since March 1, 2001, that means fully for the business year 2001/02. Thus the subscribed capital of the Südzucker AG will be increased from EUR 143,008,320 by EUR 31,779,626 to EUR 174,787,946 by issue of 31,779,626 new ordinary shares with an attributable par-value of 1 EUR each share. The subscription period runs from August 28, 2001 to September 10, 2001. The subscription rights (WKN 729 708) on the new ordinary shares are traded from August 28, 2001 through September 6, 2001 at the Frankfurt Stock Exchange. Furthermore the General Meeting has approved to convert the non voting preference shares into voting ordinary shares. The completion of the conversion is expected to take place subsequent to the right issue. Mannheim, 24. August 2001 end of ad-hoc-announcement (c)DGAP 24.08.2001 ——————————————————————————– WKN: 729700; Index: MDAX Listed: Amtlicher Handel in Berlin, Düsseldorf, Frankfurt, Hamburg, München und Stuttgart; Freiverkehr in Hannover 241451 Aug 01