Progress-Werk Oberkirch AG

EANS-Adhoc: Progress-Werk Oberkirch AG
Progress-Werk Oberkirch AG: Company issues a total of 625,000 new shares under the capital increase

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  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
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Stock Activity

15.05.2012

Oberkirch, May 15, 2012 - The Management Board of Progress-Werk Oberkirch AG
determined today, with the approval of the Supervisory Board, the final volume
of the capital increase by way of a subscription rights offering for
contribution in cash resolved on April 23, 2012. Accordingly, the company's
nominal share capital will be raised at a subscription ratio of 4:1 from EUR
7,500,000.00 by EUR 1,875,000.00 to EUR 9,375,000.00 through the issue of
625,000 new no-par value bearer shares each corresponding to EUR 3.00 of the
nominal capital. This means that the capital increase has been carried through
to its full extent. The implementation of the capital increase is expected to
be entered into the commercial register on May 16, 2012. The new shares will be
included in the existing share listing presumably on May 29, 2012.

Progress-Werk Oberkirch AG will receive gross proceeds of roughly EUR 22.8
million from the capital increase. These proceeds are planned to be invested in
the company's further growth. Landesbank Baden-Württemberg was mandated to act
as lead manager, and Silvia Quandt & Cie. AG was mandated to act as co-lead
manager for the transaction.

Progress-Werk Oberkirch AG
The Management Board



- End of the Ad hoc Announcement -


Information and Explanation of the Issuer on this News:
This announcement constitutes neither an offer to sell nor an invitation to buy
securities. The shares in Progress-Werk Oberkirch Aktiengesellschaft (the
"Shares") may not be offered or sold in the United States or to or for the
account or benefit of "U.S. persons" (as such term is defined in Regulation S
under the Securities Act of 1933, as amended (the "Securities Act")) absent
registration or an exemption from registration under the Securities Act. The
Shares have not been and will not be registered under the Securities Act. No
offer or sale of securities is being made to the public. The offer of the
Shares is addressed solely to the current shareholders of Progress-Werk
Oberkirch Aktiengesellschaft and is not a public offer.

Not for distribution, publication or transmission in or into the United  States,
Canada, Japan or Australia.


Further inquiry note:
Bernd Bartmann (CFO)
Phone: +49 7802 / 84-347
Fax: +49 7802 / 84-789
e-Mail: 	bernd.bartmann@progress-werk.de

end of announcement                               euro adhoc 
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issuer:      Progress-Werk Oberkirch AG
             Industriestraße 8
             D-77704 Oberkirch
phone:       +49(0)7802 84-0
mail:     info@progress-werk.de
WWW:      http://www.progress-werk.de
sector:      Automotive Equipment
ISIN:        DE0006968001
indexes:     
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
             regulated dealing/prime standard: Frankfurt 
language:   English
 



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