Ad-hoc | 4 April 2006 22:45
EADS shareholders DaimlerChrysler and Lagardère SCA to reduce their respective stakes by 7.5 percent each in coordinated steps
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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EADS – Shareholders
EADS shareholders DaimlerChrysler and Lagardère SCA to reduce
their respective stakes by 7.5 percent each in coordinated steps
DaimlerChrysler and Lagardère SCA, two of EADS’ core shareholders, have
announced they entered into simultaneous transactions aimed at reducing
by 7.5 percent each their respective stakes in EADS. EADS was consulted
and views these steps to increase the free float of its capital as a very
positive development for all shareholders.
DaimlerChrysler has described its transaction as a forward sale agreement
on approximately 61 million EADS shares with a group of international
investment banks. The DaimlerChrysler Group said it will be lending these
shares to the banks in anticipation of the settlement of the forward sale.
Lagardère SCA has announced it will issue Mandatory Exchangeable Bonds
subscribed by IXIS CIB. In turn, IXIS CIB is selling forward a large
majority of the underlying shares to a group of French institutional
investors. The EADS shares deliverable at the maturity of the bonds
represent a maximum of 7.5 percent of the capital of EADS, or approximately
61 million EADS shares.
DaimlerChrysler and Lagardère have also noted that, under the shareholder
agreements, the balance of control between the core shareholders in EADS’
corporate governance remains unchanged.
As part of these transactions, JPMorgan and Morgan Stanley are expected
to place a total of approximately 73 million EADS shares, including
approximately 12 million shares on behalf of IXIS CIB, with institutional
investors by way of an accelerated book-built offering,
Contact:
Michael Hauger EADS +49 89 60 73 42 35
(c)DGAP 04.04.2006
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language: English
emitter: European Aeronautic Defence and Space Company
Beechavenue 130-132
1119 PR Schiphol Rijk Niederlande
phone: 00 800 00 02 2002
fax: +49 (0)89 607 – 26481
email: ir@eads.net
WWW: www.eads.com
ISIN: NL0000235190
WKN: 938914
indexes: MDAX
stockmarkets: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin-Bremen, Hannover, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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