Press release BoxID: 468686 (RWE AG)
  • RWE AG
  • Opernplatz 1
  • 45128 Essen
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  • Volker Heck
  • +49 (201) 12-15120

RWE successfully implements capital measure

Offer price and subscription price specified / Juergen Grossmann: "The markets trust in our strategy"

(PresseBox) (Essen, ) RWE has specified the offer price for the accelerated bookbuilding of shares from the capital measure decided upon yesterday and the subscription price at € 26.

All 80.4 million shares offered were placed with institutional investors by way of an accelerated bookbuilding procedure. 52.3 million new shares were assigned firm under exclusion of the subscription rights. A further 28.1 million company shares were allocated to the institutional investors subject to claw-back if subscription rights are exercised by existing shareholders.

As a result of the capital measure, RWE will receive gross issuing proceeds of some €2.1 billion. This makes the transaction one of the largest capital increases by a European industrial enterprise in recent years. In spite of a difficult market environment, RWE has been able to complete the announced capital measure this year.

The issuing is an important part of the package of measures that RWE is implementing to strengthen its capital base and create leeway for future growth. Dr. Juergen Grossmann, CEO of RWE AG: "The positive response to the capital increase is proof of the trust the markets place in our company and confirms that our strategy meets with acceptance.

Overall, we are setting the right course with our package of measures."

Delivery to investors of the new shares is expected to take place on 8 December 2011. The treasury shares purchased in the subscription offer and placed subject to potential clawback are expected to be delivered on 23 December 2011.

This release does not constitute a public offer of securities in Germany. This release does not constitute an offer to sell securities, or a solicitation of an offer to buy securities, in the United States of America or in any other jurisdiction to any person to whom it is unlawful to make such offer or solicitation in such jurisdiction. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The securities of RWE Aktiengesellschaft described herein have not been and will not be registered under the Securities Act, or the laws of any State, and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable State laws. RWE Aktiengesellschaft does not intend to register any portion of the offering in the United States or conduct a public offering of securities in the United States.