K+S Aktiengesellschaft

EANS-News: K+S Aktiengesellschaft
Take-up ratio of new shares of 99.42% Rights issue of K+S positively received by shareholders

Take-up ratio of new shares of 99.42% Rights issue of K+S positively received by shareholders

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Capital measures/Financing, Stock Offerings (IPO)/Stock Activity

Subtitle: Take-up ratio of new shares of 99.42% Rights issue of K+S positively received by shareholders

Kassel (euro adhoc) - Kassel, 11 December 2009

Take-up ratio of new shares of 99.42% Rights issue of K+S positively received by shareholders

The capital increase of  K+S  Aktiengesellschaft,  the  subscription period  of which terminated yesterday, was positively received by the shareholders  of  the company. "We see this as a  clear   demonstration  of  the  confidence  that  our shareholders and the capital market have in the strategy  and  future  of  K+S", explains Norbert Steiner, Chairman of the Board of Executive Directors.

Within the framework of the capital increase, 26.4 million new   ordinary  bearer shares with no-par value, each such share representing a notional value of EUR 1.00 of the share capital, and carrying full dividend rights as of January 1, 2009 were issued against cash contributions. The consortium of banks  consisting of Deutsche Bank AG, Morgan Stanley Bank AG and  other  banks  had   underwritten the new shares at the subscription price of EUR 26.00 per share and  offered them to the shareholders at a ratio of 25:4. The take-up ratio was 99.42%,  with  the remaining shares being sold on the stock exchange. From today,  the  new  shares are being   included  in  K+S  Aktiengesellschaft´s  existing  quotation  on  the Frankfurt stock exchange as well as on the regional stock exchanges   of  Berlin, Düsseldorf, Hamburg, Hanover, Munich and Stuttgart.  With the  registration  of the completion of the capital increase in the commercial register on 9  December 2009, the share capital of K+S Aktiengesellschaft has risen by  EUR  26.4 million from EUR 165.0 million to EUR 191.4 million.

"As a result of this capital  measure,  we  assume  that  we  will   secure  our investment grade rating and, in the medium term, again move  towards  the  goals we  have  set  ourselves  for  our  capital structure",  says  CFO  Jan    Peter Nonnenkamp. The gross proceeds from the issue of about EUR 689 million will primarily be used to improve the Company's equity base. The proceeds from the capital increase  of the Company are intended to create the option  of   paying  off  the  bank  loans taken out to finance the acquisition of Morton Salt  and  to  provide  financial and strategic flexibility for additional growth in the future.

The two largest shareholders of K+S Aktiengesellschaft, MCC/EuroChem and  BASF, have fully participated in the capital increase, so that their  share  ratio  in relation to the share capital of the company has not changed.

Experience growth The K+S  Group  is  one  of  the  world's  leading suppliers  of  standard  and speciality fertilizers. In the salt business, measured by  production  capacity, K+S, with sites in Europe as well as North and South  America,  is  the  world´s leading producer. K+S offers a comprehensive range of  goods  and  services   for agriculture, industry and private consumers which provides growth opportunities in virtually every sphere of daily life. The K+S Group employs more than  15,000 people worldwide and achieved revenues of about EUR 5 billion  in  2008.  The K+S share - the only commodities stock on the German DAX® index - is listed  on  all German stock exchanges  (ISIN:  DE0007162000,  symbol:  SDF).  More  information about K+S is available at www.k-plus-s.com.

Your contact persons: Press: Michael Wudonig phone: +49 561 9301-1262 fax: +49 561 9301-1666 michael.wudonig@k-plus-s.com

Investor Relations: Christian Herrmann phone: +49 561 9301-1460 fax: +49 561 9301-2425 christian.herrmann@k-plus-s.com

This  information  neither  constitutes  a  prospectus,  nor  an   offer  or    an invitation to purchase shares or other securities of K+S Aktiengesellschaft  nor does it replace the prospectus. Subject to the approval of  the  Federal  Agency for Financial Services  Supervision  (Bundesanstalt  für  Finanzdienstleistungs- aufsicht; BaFin), a prospectus was published  before  the   commencement  of  the subscription  period,    which    is    available free    of    charge    from    K+S Aktiengesellschaft  and  the   underwriting  banks.  This  information  does  not constitute an offer to sell or buy securities in the USA, Canada, Australia  and Japan. The shares of K+S Aktiengesellschaft are allowed to be   offered  or  sold in the USA only after prior registration in accordance with  the  provisions  of the U.S. Securities Act 1993, as amended, or on  the  basis  of  a  registration exemption. There will be no public offering of shares in the USA.

This  information  contains  forward-looking  statements  that  are   based  upon current views and assumptions of K+S Aktiengesellschaft ´s management  and  were made to its best knowledge. Forward-looking statements are subject to known  and unknown risks, uncertainties and other factors which could  cause  the  earnings position, profitability, performance or the results  of  K+S   Aktiengesellschaft to differ materially from the earnings position, profitability,  performance  or the results expressly or implicitly   assumed  or  described  in  these  forward- looking statements. In consideration of these  risks,  uncertainties  and  other factors, persons receiving these documents are advised not to unreasonably   rely on these forward-looking statements. K+S Aktiengesellschaft does not assume  any obligation to update such forward-looking statements and to adjust them  to  any future results and developments.

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ots Originaltext: K+S Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Your contact persons:
Press:
Michael Wudonig
phone: +49 561 9301-1262
fax: +49 561 9301-1666
michael.wudonig@k-plus-s.com

Investor Relations:
Christian Herrmann
phone: +49 561 9301-1460
fax: +49 561 9301-2425
christian.herrmann@k-plus-s.com

Branche: Chemicals
ISIN:      DE0007162000
WKN:        716200
Index:    DAX, Midcap Market Index, CDAX, Classic All Share, HDAX,
              Prime All Share
Börsen:  Frankfurt / regulated dealing/prime standard
              Berlin / regulated dealing
              Hamburg / regulated dealing
              Stuttgart / regulated dealing
              Düsseldorf / regulated dealing
              Hannover / regulated dealing
              München / regulated dealing



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