MIFA Mitteldeutsche Fahrradwerke AG: successful capital increase

(PresseBox) ( Sangerhausen, )
MIFA Mitteldeutsche Fahrradwerke AG has successfully concluded its cash capital increase with indirect subscription rights for existing shareholders, which was approved on June 27, 2012. With a subscription ratio exceeding 99% the popularity among existing shareholders was exceptionally high.

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
06526 Sangerhausen
ISIN: DE000A0B95Y8
WKN: A0B95Y
Stock exchanges: Berlin unofficial market, Hamburg, Munich (m:access), Stuttgart; Regulated Market in Frankfurt (Prime Standard)

Disclaimer:
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.

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In any EEA Member State that has implemented Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the "Prospectus Directive"), this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive.
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