Ad Hoc Releases, 2011-07-06, 07:28 PM
Further measure regarding strategic development: ThyssenKrupp places treasury shares corresponding to 9.6% of capital stock
An important element of the Group’s strategic development is the reduction of net financial debt. Therewith, the Executive Board of ThyssenKrupp AG resolved on July 06, 2011, to sell 49,484,842 treasury shares (corresponding to 9.6% of the Company’s capital stock) on the basis of the authorization granted by the Annual General Meeting on January 21, 2010. The sale will be carried out through an “Accelerated Bookbuilding” process, in which the shares are offered to institutional investors under the management of Commerzbank AG, Deutsche Bank AG and HSBC Trinkaus & Burkhardt AG. The placement of treasury stock will also strengthen the Group’s equity.
In three buy-back programs in summer 2006 as well as in spring and summer 2008, ThyssenKrupp repurchased a total of 51,015,552 treasury shares, corresponding to 9.9% of the capital stock. Since then a total of 1,530,710 shares have been sold under employee share programs. As a result ThyssenKrupp currently holds 49,484,842 treasury shares, corresponding to 9.6% of the capital stock.
This release is a mandatory announcement pursuant to § 15 of the German Securities Trading Act (Wertpapierhandelsgesetz). Neither this release nor the information contained herein constitutes an offer to sell or a solicitation of an offer to buy securities. In particular, this release also does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States of America. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and may not be offered or sold in the United States of America absent registration or an exemption from registration under the Securities Act. ThyssenKrupp AG does not intend to conduct a public offering of the securities in the United States of America. The distribution of this release and the offer and sale of securities of ThyssenKrupp AG may be legally restricted in certain jurisdictions. Persons reading this release should inform themselves of and comply with such restrictions.
This release and the information contained herein are not being issued and may not be distributed in the United States of America, Canada, Japan and Australia.