Active Ownership Capital S.à r.l.
Active Ownership Capital offers Schaltbau Holding AG to subscribe to a capital increase at 36 Euros per share
Frankfurt am Main / Luxembourg, May 11th, 2017 – Active Ownership Capital (AOC), an independent owner-managed investment company, announces that in consideration of the current financial situation of Schaltbau Holding AG (ISIN: DE0007170300) it has offered to Schaltbau’s management board and supervisory board to subscribe to a capital increase at 36 Euros per share, excluding existing shareholders’ subscription rights. AOC is willing to subscribe to the capital increase in full to a maximum extent of 10% of the outstanding equity.
Currently, 11.21 percent of the voting rights of Schaltbau Holding AG are attributed to Active Ownership Capital. Corresponding voting rights notifications, which also disclose an acting in concert with SATORA Beteiligungs GmbH and members of the Cammann family, were submitted to Schaltbau Holding AG on May 10th, 2017. According to market information, Schaltbau Holding AG currently is preparing a capital increase at an issue price of about 34 Euros per share. In AOC’s view, the capital increase should be executed to the largest extent and the highest price possible to ensure a sustainable strengthening of Schaltbau’s capital base. Furthermore, SATORA Beteiligungs GmbH submitted supplementary motions to the annual general meeting of Schaltbau Holding AG, which is to take place on June 8th, 2017, aiming at the replacement of three positions in the supervisory board. The motions have been submitted to the company on May 8th, 2017. AOC expects that the supplementary motions will be published by Schaltbau Holding AG on short notice. # # # About Active Ownership Capital Active Ownership Capital is an independent, partner-managed investment company which acquires significant minority stakes in publicly listed, undervalued small- and mid-size companies in German speaking countries (Germany, Switzerland, Austria) and the Nordics (Sweden, Finland, Denmark, Norway). Active Ownership Capital follows an active ownership approach and fosters value creation through operational, strategic and structural improvements. For us, active ownership means that we act as the company’s partner and support it long-term. Together with management, we define value-enhancing strategies and measures and are ready to support their implementation as supervisory board members and advisors. As equity investors we add long-term oriented entrepreneurial thinking to publicly listed companies. Our investor base consists of European family offices and selected institutional investors. For further information: www.activeownershipcapital.de PRESS CONTACT Charles Barker Corporate Communications GmbH TOBIAS EBERLE tobias.eberle@charlesbarker.de Tel: +49 69 79409024 Mobil: +49 173 520 4436 KORNELIA SPODZIEJA kornelia.spodzieja@charlesbarker.de Tel: +49 69 79409040 Mobil: +49 172 622 7007 End of Media Release Issuer: Active Ownership Capital S.à r.l. Key word(s): Finance
11.05.2017 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG. |
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