Arcandor AG
KarstadtQuelle defines details of capital increase
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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NOT FOR DISTRIBUTION IN THE UNITED STATES
KarstadtQuelle defines details of capital increase
Essen, 25 November 2004. The Management Board and Supervisory Board of
KarstadtQuelle AG have today defined the details of the intended cash capital
increase. Share capital is to be increased from EUR301,459,904 million by
EUR238,185,920 million to EUR539,645,824 million. KarstadtQuelle shareholders
shall be offered 93,041,375 new shares at a ratio of 8 to 7 by the members of a
syndicate led by ABN AMRO Rothschild and Dresdner Kleinwort Wasserstein. For
every 8 old shares, shareholders shall be able to subscribe for 7 new shares.
The subscription price is EUR5.75. A German sales prospectus for the new shares
is expected to be admitted on 26 November 2004. It will be available from the
underwriters and from all German Stock Exchanges. The subscription period shall
begin on Tuesday, 30 November 2004 and shall end on Monday, 13 December 2004.
The stock exchange trading in the subscription rights is expected to be
established during the period from 30 November to 9 December 2004.
KarstadtQuelle AG is expected to receive gross proceeds (before costs) of
EUR535.0 million from the capital increase.
Essen, 25.11.2004
The Management Board
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This announcement neither constitutes a sales offer nor is it an invitation to
subscribe to any shares. Offers are made solely on the basis of a prospectus.
The offering prospectus will be available from the end of November 2004 from the
underwriting banks and all German stock exchanges.
This announcement neither constitutes a sales offer nor is it an invitation to
subscribe to any shares in the United States. KARSTADT QUELLE AG shares
(hereinafter “shares”) may not be offered or sold in the US or to US citizens or
on their behalf (in accordance with Regulation S of the American Securities Act
of 1933 as defined in the relevant version (hereinafter “Securities Act”))
unless they are registered or exempted from registration in accordance with the
Securities Act. In accordance with the Securities Act, the shares are not and
will not be registered. A share offer in the US is only possible on the basis of
a prospectus and detailed information about KARSTADT QUELLE AG as well as its
management and its annual accounts.
end of ad-hoc-announcement (c)DGAP 25.11.2004
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WKN: 627500; ISIN: DE0006275001; Index: MDAX
Listed: Amtlicher Markt in Berlin-Bremen, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, Hannover, München und Stuttgart
252203 Nov 04
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