Semperit shareholders approve capital increase

ERJ staff report (DS)

Vienna, Austria - Semperit AG Holding shareholders have approved a new capital framework for issuing new shares as well as convertible bonds. The company is authorised to raise up to euro 300 million in new capital.

The first element is approval to increase the company's equity capital over the next five years by 50 percent, if required in several tranches, by issuing up to approx. 10.3 million new bearer shares against cash and/or contributions in kind. The this would bring to roughly 30.9 million the number of shares in issuance.

The share price after the announcement was around 31 euro on the Vienna Stock exchange. If all shares were issued at this price, the company could raise up to euro 300 million before charges. Semperit said 20,573,434 non-par bearer shares are currently in issuance. B & C Privatstiftung is a stable major shareholder of the Semperit Group, with a stake of approx. 54 percent. Legg Mason Inc., Baltimore, USA is a further core shareholder with a stake of approx. 10 percent. The remaining shares are in free float.

The Management Board was also authorised to issue convertible bonds, possibly linked to conversion and subscription rights or obligations for up to about 10.3 million bearer shares.

The Annual General Meeting agreed to distribute a dividend of euro 0.80 per share for the past 2011 fiscal year.

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Press release from Semperit