TA Triumph-Adler AG

euro adhoc: TA Triumph-Adler AG
Capital measures
TA Triumph-Adler AG resolves capital increase as a key element of refinancing

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 02.07.2007 Nuremberg, July 2, 2007: As part of its strategic measures for refinancing, TA Triumph-Adler AG is to carry out a capital increase from approved capital against cash contribution. With the approval by the Supervisory Board, the requisite resolution was passed today, on July 2, 2007, by the Management Board. Up to 14,897,882 bearer shares are to be issued at a subscription price of EUR 1.88. The shareholders have a legal subscription right in the amount of their existing stake in the company. Moreover, the shareholders are to be granted an oversubscription in the same amount as the legal subscription right. Shares not subscribed by the shareholders as part of the legal subscription right and the oversubscription will be offered to institutional investors. There will be no trading in subscription rights. The period for subscription will be two weeks, starting on July 6, 2007, at the latest. The company will also endeavor to have the shares swiftly admitted to the stock exchange. Through a resolution passed by the Annual General Meeting of May 23, 2007, the share capital of EUR 103,637,440.00 was reduced by EUR 44,936,546.25 to EUR 58,700,893.75 by way of a simple reduction of capital for the purpose of covering losses, with the number of shares remaining unchanged at 40,483,375. The capital reduction has the effect of lowering the amount of the share capital attributable to the individual shares by EUR 1.11, from EUR 2.56 to EUR 1.45. The capital reduction was entered into the Commercial Register on June 19, 2007. Legal action against the capital reduction was brought by one shareholder at the local court of Nuremberg; in the view of the company and its lawyers, this law suit has little chance of success. In the event that legal action should be successful, the registering of the capital increase might be delayed or the process of the capital increase might have to be reversed. All in all, TA Triumph Adler AG is seeking full replacement of the existing debt financing. Alongside the capital increase now resolved, a mix of debt financing instruments is to be deployed. The intention is to have fully implemented the measures in the course of the next six to eight weeks. Among other things, based on the current status of debt, this refinancing will reduce the interest expense accruing from the existing financing structure by almost EUR 5 million a year and, in addition, is the starting point for the envisaged growth of the company through acquisitions. At the same time, having strengthened its equity base, the company will counter the depreciation of deferred taxes in the consolidated balance sheet which will come about owing to the planned corporate tax reform. In the first quarter of the financial year 2007, the specialist company for efficiency in the document business raised its sales by around 20 % to EUR 105.2 million, thus generating a quarterly profit of EUR 1.9 million. TA Triumph-Adler is planning to generate sales of more than EUR 500 million and an operating EBIT margin of 9 % by 2010 at the latest. Contact: TA Triumph-Adler AG Suedwestpark 23 D - 90449 Nuremberg Dr. Joachim Fleing Phone: +49 / 911 / 68 98 - 499 Fax: +49 / 911 / 68 98 - 200 ir@ta.ag www.triumph-adler.com end of announcement euro adhoc 02.07.2007 16:20:11 -------------------------------------------------------------------------------- ots Originaltext: TA Triumph-Adler AG Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: Uschie Wühr Investor Relations Telefon: +49(0)89 51084-914 E-Mail: uschie.wuehr@triumph-adler.de Branche: Semiconductors & active components ISIN: DE0007495004 WKN: 749500 Börsen: Börse Frankfurt / official dealing/prime standard Börse Berlin / free trade Börse Stuttgart / free trade Börse Düsseldorf / free trade Börse München / free trade

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