UK Regulatory | 25 March 2010 21:51
VOLKSWAGEN AG / Capital Increase
25.03.2010 21:51
Dissemination of a UK Regulatory Announcement, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Volkswagen Aktiengesellschaft sets subscription price and offer
price for new preference shares at EUR 65 per share
Today, the Board of Management of Volkswagen Aktiengesellschaft has
resolved with the consent of the Supervisory Board and in
coordination with the syndicate of banks the conditions for the
capital increase against cash contributions announced on March 23,
2010. The subscription price for the new preference shares from
the capital increase against cash contributions and the offer
price for the pre-placement of the new preference shares to
private investors in Germany and to qualified institutional
investors in Germany and outside Germany has been set at EUR 65
per preference share.
64,904,498 new, no-par value, non-voting preferred bearer shares
with a notional value of EUR 2.56 per share and with full dividend
rights from January 1, 2009 will be issued against cash
contributions. This corresponds to a subscription ratio of 37:6.
The company will, under the conditions set out in the subscription
offer, raise net proceeds of approximately EUR 4.1 billion from
the capital increase.
All new preference shares were placed in the pre-placement. The
allocation of preference shares to institutional investors is
subject to a 27.2 percent clawback if those shareholders who have
not assigned their subscription rights in advance to the Global
Coordinators exercise their subscription rights.
The subscription period for the new preference shares has been set
from March 31, 2010 up to and including April 13, 2010.
The settlement of those new preference shares which are
attributable to subscription rights assigned by the major
shareholders is expected to occur on March 31, 2010. The final
settlement of the remaining new preference shares is expected to
take place on April 16, 2010.
Wolfsburg, March 25, 2010
Volkswagen Aktiengesellschaft - Board of Management
25.03.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: VOLKSWAGEN AG
Brieffach 1849
38436 Wolfsburg
Deutschland
Phone: +49 (0)5361 9 - 49840
Fax: +49 (0)5361 9 - 30411
E-mail: christine.ritz@volkswagen.de
Internet: www.volkswagenag.com/ir
ISIN: DE0007664039, DE0007664005
Indices: DAX, Euro Stoxx 50
Listed: Regulierter Markt in Berlin, Frankfurt (Prime
Standard), München, Hannover, Hamburg, Düsseldorf,
Stuttgart; Terminbörse EUREX; Foreign Exchange(s)
London, Luxembourg, SIX
Category Code: MSC
LSE Ticker: VKW
Sequence Number: 444
Time of Receipt: March 25, 2010 21:18:34
End of News DGAP News-Service
---------------------------------------------------------------------------