DGAP-Adhoc: Leoni AG: Leoni resolves sale of own shares
06.10.2009
Leoni AG / Transaction in Own Shares
06.10.2009
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Leoni resolves sale of own shares
Nuremberg, 6 October 2009 - Today, the Management Board of Leoni AG,
Nuremberg (ISIN DE 0005408884 / SCN 540888), resolved, with the consent of
the Supervisory Board of the same day, to sell up to 2,933,499 own shares,
i.e. up to 9.88 percent of its share capital. The shares are to be offered
for purchase in an accelerated bookbuilding offering to qualified investors
in Germany, Europe as well as in the United States.
The sale is based on an authorisation granted by the Annual General Meeting
of Leoni AG, with the approval of the Supervisory Board to execute the sale
of own shares previously acquired, excluding the shareholders' subscription
rights, in a way other than via the stock exchange or by offer to all
shareholders.
Leoni AG had purchased the shares concerned between October and December
2008 in connection with a share buy-back programme. As it is currently no
longer planned to use the own shares as acquisition currency, the decision
was made to sell them. With this sale, Leoni AG will be able to achieve an
improvement in its equity ratio and debt situation. Goldman Sachs
International and UniCredit Group (Bayerische Hypo- und Vereinsbank
Aktiengesellschaft) are acting as joint bookrunners on the transaction.
Leoni still expects to generate consolidated sales of between EUR 2.1 and
2.2 billion in 2009 and - provided that the upper end of this sales range
is reached - to achieve at least break even at the level of adjusted
earnings before interest and taxes in the 2nd half of the year, as already
communicated on 11 August 2009 in the interim report.
This release contains statements concerning the expected future business of
Leoni AG's expected growth prospects and other opportunities for an
increase in value of the company as well as expected future financial
indebtedness, restructuring costs and other financial data. These
forward-looking statements are based on management's current expectations,
estimates and projections. They are subject to a number of assumptions and
involve known and unknown risks, uncertainties and other factors that may
cause actual results and developments to differ materially from any future
results and developments expressed or implied by such forward-looking
statements. Leoni AG has no obligation to periodically update or release
any revisions to the forward-looking statements contained in this release
to reflect events or circumstances after the date of this release.
This release does not constitute an offer for the sale or purchase of
securities in the United States. Shares of Leoni AG may only be offered or
sold in the United States after prior registration or based on an exemption
from registration under the rules of the U.S. Securities Act of 1933, as
amended. There will be no public offer of shares in the United States.
Contact person for journalists
Sven Schmidt
Public & Media Relations
Phone +49 (0)911-2023-467
Fax +49 (0)911-2023-231
E-Mail presse@leoni.com
Contacts for analysts and investors
Frank Steinhart/ Susanne Kertz
Corporate Investor Relations
Phone +49 (0)911-2023-203/ -274
Fax +49 (0)911-2023-209
E-Mail invest@leoni.com
Contact:
Sven Schmidt
Leoni AG
Public & Media Relations
Tel: +49 (0)911 / 2023-467
E-mail: sven.schmidt@leoni.com
06.10.2009 Financial News transmitted by DGAP
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Language: English
Company: Leoni AG
Marienstraße 7
90402 Nürnberg
Deutschland
Phone: +49 (0)911 20 23-274
Fax: +49 (0)911 20 23-209
E-mail: invest@leoni.com
Internet: www.leoni.com
ISIN: DE0005408884
WKN: 540888
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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Leoni AG / Transaction in Own Shares
06.10.2009
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
=--------------------------------------------------------------------------
Leoni resolves sale of own shares
Nuremberg, 6 October 2009 - Today, the Management Board of Leoni AG,
Nuremberg (ISIN DE 0005408884 / SCN 540888), resolved, with the consent of
the Supervisory Board of the same day, to sell up to 2,933,499 own shares,
i.e. up to 9.88 percent of its share capital. The shares are to be offered
for purchase in an accelerated bookbuilding offering to qualified investors
in Germany, Europe as well as in the United States.
The sale is based on an authorisation granted by the Annual General Meeting
of Leoni AG, with the approval of the Supervisory Board to execute the sale
of own shares previously acquired, excluding the shareholders' subscription
rights, in a way other than via the stock exchange or by offer to all
shareholders.
Leoni AG had purchased the shares concerned between October and December
2008 in connection with a share buy-back programme. As it is currently no
longer planned to use the own shares as acquisition currency, the decision
was made to sell them. With this sale, Leoni AG will be able to achieve an
improvement in its equity ratio and debt situation. Goldman Sachs
International and UniCredit Group (Bayerische Hypo- und Vereinsbank
Aktiengesellschaft) are acting as joint bookrunners on the transaction.
Leoni still expects to generate consolidated sales of between EUR 2.1 and
2.2 billion in 2009 and - provided that the upper end of this sales range
is reached - to achieve at least break even at the level of adjusted
earnings before interest and taxes in the 2nd half of the year, as already
communicated on 11 August 2009 in the interim report.
This release contains statements concerning the expected future business of
Leoni AG's expected growth prospects and other opportunities for an
increase in value of the company as well as expected future financial
indebtedness, restructuring costs and other financial data. These
forward-looking statements are based on management's current expectations,
estimates and projections. They are subject to a number of assumptions and
involve known and unknown risks, uncertainties and other factors that may
cause actual results and developments to differ materially from any future
results and developments expressed or implied by such forward-looking
statements. Leoni AG has no obligation to periodically update or release
any revisions to the forward-looking statements contained in this release
to reflect events or circumstances after the date of this release.
This release does not constitute an offer for the sale or purchase of
securities in the United States. Shares of Leoni AG may only be offered or
sold in the United States after prior registration or based on an exemption
from registration under the rules of the U.S. Securities Act of 1933, as
amended. There will be no public offer of shares in the United States.
Contact person for journalists
Sven Schmidt
Public & Media Relations
Phone +49 (0)911-2023-467
Fax +49 (0)911-2023-231
E-Mail presse@leoni.com
Contacts for analysts and investors
Frank Steinhart/ Susanne Kertz
Corporate Investor Relations
Phone +49 (0)911-2023-203/ -274
Fax +49 (0)911-2023-209
E-Mail invest@leoni.com
Contact:
Sven Schmidt
Leoni AG
Public & Media Relations
Tel: +49 (0)911 / 2023-467
E-mail: sven.schmidt@leoni.com
06.10.2009 Financial News transmitted by DGAP
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Language: English
Company: Leoni AG
Marienstraße 7
90402 Nürnberg
Deutschland
Phone: +49 (0)911 20 23-274
Fax: +49 (0)911 20 23-209
E-mail: invest@leoni.com
Internet: www.leoni.com
ISIN: DE0005408884
WKN: 540888
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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