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[October 2009]
HeidelbergCement Determines Subscription Price For New Shares From Capital Increase
The Managing Board of HeidelbergCement AG (Heidelberg, Germany), with the consent of the Supervisory Board, has determined the subscription price for the 62.5 million new shares from the capital increase 2009 and the offer price for the preceding private placement of the new shares solely with qualified institutional investors at €37 per share and has set the subscription period for the new shares to from and including 24 September 2009 to and including 7 October 2009.
All new shares have been allocated in the private placement, with 7,783,853 of these new shares subject to claw-back in case of the exercise of subscription rights by those shareholders who have not previously assigned their subscription rights to the Global Coordinators. Hence, under the conditions set forth in the subscription offer, the company will receive net proceeds of approximately €2.25 billion from the capital increase.
The company’s major shareholders (Spohn Cement GmbH and VEM Vermögensverwaltung GmbH and certain subsidiaries of VEM, all of which are controlled by Ludwig Merckle) as well as certain companies related to VEM (Seitengesellschaften) and certain banks holding shares in the company have sold solely to qualified institutional investors a total of 57,155,751 old shares in the private placement of old shares which took place concurrently with the private placement of the new shares.
Delivery of the shares sold to investors in the private placements with the exception of the 7,783,853 new shares allocated subject to claw-back was expected to take place on or about 25 September 2009. Delivery of the new shares subscribed for in the subscription offer and of the new shares allocated subject to claw-back is expected to take place on or about 9 October 2009.
ENDS