Corporate | 2 November 2015 17:30


Ekotechnika GmbH: Capital measures recorded in the Commercial Register


DGAP-News: Ekotechnika GmbH / Key word(s): Restructure of Company/Corporate Action

2015-11-02 / 17:30

Ekotechnika GmbH: Capital measures recorded in the Commercial Register

  • Capital reduction and non-cash capital increase executed
  • Change of legal status and cash capital increase to follow
  • Shares scheduled for listing in December 2015

Walldorf, 2 November 2015 – By registering the capital reduction and the non-cash capital increase in the Commercial Register, Ekotechnika GmbH has taken another important step towards the company’s restructuring decided by the bondholders’ meeting. The respective resolutions to implement the capital measures were adopted at the shareholders’ meeting of Ekotechnika on 23 October 2015. As part of these capital measures, the share capital was reduced to EUR 81,000.00, followed by a capital increase by EUR 1,539,000.00 to EUR 1,620,000.00 against non-cash contributions in the form of the Ekotechnika bond notes 2013/2018 (debt-to-equity swap).

The company has thus laid the foundation for the execution of the purchase offer, which will give the bondholders the opportunity to exercise the right to acquire New Series A Shares or to claim a cash settlement. The stock acquisition rights were booked into the bondholders’ accounts last week. The acquisition period will presumably commence at the end of November and will last at least 14 days. All bondholders will receive a separate notification on the purchase offer from their custodian bank after the acquisition period started.

Besides the above capital measures, the shareholders decided to increase the share capital against cash contribution and to change the company’s legal status to that of a stock company (Aktiengesellschaft – AG). The effective change of the legal status is another precondition for the execution of the purchase offer. Details will be announced in the coming days.

Following successful execution of the purchase offer, it is planned to have the Ekotechnika shares listed on the open market (Freiverkehr) of a German stock exchange in December 2015.

For more information on the restructuring process, visit the Ekotechnika website at http://www.ekotechnika.de/en/investor-relations/faqs-on-the-restructuring.html.


About Ekotechnika
Walldorf-based Ekotechnika GmbH is the German holding company of the Ekoniva-Technika Group, the largest distributor of agriculture equipment in Russia. The company’s single most important supplier is John Deere & Co., the world’s leading manufacturer in this field. In addition, Ekotechnika sells equipment from another 11 market-leading manufacturers. Its main business is in selling new equipment such as tractors but also milking equipment and precision farming technology. In addition, the company sells spare parts and provides service and maintenance. Ekotechnika’s founder and main shareholder is Stefan Dürr, who has been active in the Russian farming sector since the late eighties and has been instrumental in its modernisation over the past two decades. In 2011 the equipment business was separated from the farming business, which now operates independently under the name Ekosem-Agrar. Operating 12 locations in attractive Russian farming regions, Ekotechnika today employs around 545 people and generates sales of EUR 171 million in 2013/2014.

Contact
Ekotechnika GmbH // Johann-Jakob-Astor-Str. 49 // 69190 Walldorf // T: +49 (0) 6227 3 58 59 60 //
E: info@ekotechnika.de // www.ekotechnika.de

Media / Investor Relations
Fabian Kirchmann // IR.on AG // T: +49 (0) 221 9140 970 // E: presse@ekotechnika.de




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Language: English
Company: Ekotechnika GmbH
Johann-Jakob-Astor-Str. 49
69190 Walldorf
Germany
Phone: +49 (0) 6227 3 58 59 60
E-mail: info@ekotechnika.de
Internet: www.ekotechnika.de
ISIN: DE000A1R1A18
WKN: A1R1A1
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart (bondm); Open Market in Frankfurt
End of News DGAP News Service
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