Ad Hoc Releases, 2011-07-07, 01:20 PM
Ad hoc statement pursuant to Section 15 WpHG / Further measure regarding strategic development completed: ThyssenKrupp has successfully placed treasury stock corresponding to 9.6% of capital stock
ThyssenKrupp AG has successfully completed the sale of 49,484,842 treasury shares, corresponding to 9.6% of the capital stock, in an “Accelerated Bookbuilding” process, as announced on July 06, 2011. The shares were mainly placed with German and international institutional investors.
The treasury shares were sold at a price of 32.95 euros per share and lead to a cash inflow of 1,631 million euros. The difference against the average repurchasing price of 30.92 euros (incl. brokerage) will be recognized directly in equity in the consolidated statement of financial position.
As a result of the sale the free float of ThyssenKrupp AG will increase to 74.7% of the capital stock (384,175,444 shares).
The sale of stock will strengthen the Group’s equity and reduce net financial debt. Therewith, ThyssenKrupp has implemented a further measure regarding the strategic development program announced in mid-May.
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.