Kyselhäuser Straße 23
06526 Sangerhausen, de
+49 (611) 205855-13
MIFA Mitteldeutsche Fahrradwerke AG: successful capital increase
With the entry of the capital increase into the commercial register - prospectively this Friday, July 13, 2012 - the company's share capital was increased by EUR 1.6 million, from previously EUR 8.0 million to EUR 9.6 million, whereby 1.6 million of new ordinary bearer shares were issued. The new shares are fully dividend-entitled from January 1, 2012. All MIFA shares will be admitted to trading in the Prime Standard of the Frankfurt Stock Exchange prospectively from July 17, 2012.
The company generated EUR 11.2 million of gross issue proceeds from the capital increase. MIFA intends to utilise the proceeds primarily to finance growth, and is planning potential strategic acquisitions both in Germany and abroad in this context.
"I am very satisfied with the capital increase's success," Peter Wicht, Executive Board member of MIFA, commented on the conclusion of the subscription period. "We have broadened our shareholder structure and now enjoy a significantly higher free float of around 33%. As the result of our upgrade to the Prime Standard, we are now also subjecting ourselves to the highest transparency standards, making the MIFA share even more attractive for investors." Specifically, MIFA aims to utilise the fresh capital to continue on its growth path with e-bikes and to position the GRACE brand, which was acquired in March, even more strongly, particularly among young buyers.
Berenberg Bank managed the transaction as Sole Global Coordinator and Sole Bookrunner and equinet Bank AG and Süddeutsche Aktienbank AG acted as Selling Agents.
Issuer: MIFA Mitteldeutsche Fahrradwerke AG
Kyselhäuser Strasse 23
Stock exchanges: Berlin unofficial market, Hamburg, Munich (m:access), Stuttgart; Regulated Market in Frankfurt (Prime Standard)
This publication serves information purposes and constitutes neither an offer to sell nor a solicitation to buy securities of MIFA Mitteldeutsche Fahrradwerke AG. The securities have already been sold.
This press release does not constitute an offer of securities for sale into the United States. Securities may not be offered or sold in the United States absent registration or any exemption from registration under the US Securities Act of 1933, as amended (the "Securities Act"). The securities of MIFA Mitteldeutsche Fahrradwerke AG described herein have not been and will not be registered under the US Securities Act and are not being and will not be offered or sold in the United States of America.
This communication is directed only at (I) persons who are outside the United Kingdom or (II) investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (III) high net worth companies and other persons to whom it may lawfully be committed falling within article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc.") of the Order (all such persons together being referred to as "Relevant Persons"). Any person who is not a Relevant Person must not act or rely on this communication or any of its contents. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.
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