EANS-Adhoc: Progress-Werk Oberkirch AG
Progress-Werk Oberkirch AG: Company determines subscription price for new shares
from capital increase at EUR 36.50
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Stock Activity 07.05.2012 Progress-Werk Oberkirch AG: Company determines subscription price for new shares from capital increase at EUR 36.50 Oberkirch, May 7, 2012 - The Management Board of Progress-Werk Oberkirch AG determined today, with the approval of the Supervisory Board, the subscription price for the up to 625,000 new shares that can be subscribed exclusively by the company's shareholders as part of the capital increase resolved on April 23, 2012. The new shares can be subscribed at EUR 36.50 per share. This means a discount of approximately 9.7% on the Xetra closing price of EUR 40.44 per share of the company on the Frankfurt Stock Exchange on May 4, 2012. The period during which the subscription rights can be exercised will expire on May 14, 2012, 12:00 pm (CEST). Subscription rights not exercised in due time will lapse worthless. The subscription rights are not tradeable. Progress-Werk Oberkirch AG The Management Board - End of the Ad hoc Announcement - Information and Explanation of the Issuer on this News: This announcement constitutes neither an offer to sell nor an invitation to buy securities. The shares in Progress-Werk Oberkirch Aktiengesellschaft (the "Shares") may not be offered or sold in the United States or to or for the account or benefit of "U.S. persons" (as such term is defined in Regulation S under the Securities Act of 1933, as amended (the "Securities Act")) absent registration or an exemption from registration under the Securities Act. The Shares have not been and will not be registered under the Securities Act. No offer or sale of securities is being made to the public. The offer of the Shares is addressed solely to the current shareholders of Progress-Werk Oberkirch Aktiengesellschaft and is not a public offer. Not for distribution, publication or transmission in or into the United States, Canada, Japan or Australia. Further inquiry note: Bernd Bartmann (CFO) Phone: +49 7802 / 84-347 Fax: +49 7802 / 84-789 e-Mail: bernd.bartmann@progress-werk.de end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: Progress-Werk Oberkirch AG Industriestraße 8 D-77704 Oberkirch phone: +49(0)7802 84-0 mail: info@progress-werk.de WWW: http://www.progress-werk.de sector: Automotive Equipment ISIN: DE0006968001 indexes: stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt language: English
Original content of: Progress-Werk Oberkirch AG, transmitted by news aktuell