Tous Actualités
Suivre
Abonner Fortune Management Inc.

Fortune Management Inc.

euro adhoc: Fortune Management Inc.
Financing, Stock Offerings (IPO)
Fortune Management Inc. receives EUR30 million from Financing

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
03.04.2006
Zug, Switzerland, April 3, 2006 - Cycladic Capital LLP through its
funds is subscribing for 15 million ordinary shares and 4.5 million
bearer warrants in Fortune Management Inc., (General Standard, ISIN
USU026281027, WKN: A0BLYY) for a total of EUR30 million. The shares
are not admitted for trading at the Frankfurt Stock Exchange.
The warrants, each of which entitles the holder to acquire one
ordinary share in Fortune Management Inc., are divided into three
classes. Each class consists of 1.5 million ordinary shares at a
subscription price of 2.00 euros per share, 2.50 euros per share and
3.00 euros per share. The warrants can be exercised during a period
of three years. A listing of the warrants is envisaged. If the
warrants are exercised in full, the company will receive a further
EUR11.25 million. Taking into account the strike price of the
warrants, the average share price for the transaction is EUR2.12.
Fortune Management Inc. will use the proceeds of the issue to further
expand its private equity activities.
End of the ad hoc release
Profile of Fortune Management Inc.: FORTUNE Management Inc. of Zug,
Switzerland, is an on the Frankfurt Stock Exchange listed private
equity firm. Its two main activities Principle Investments and
Private Equity Products operate from the same corporate platform.
This platform provides corporate services as well as deal
origination. Principle Investments comprises of direct investments
into different businesses, such as e.g. Wealth Management in
Switzerland (Fortune Capital AG) or biodiesel (GATE Global
Alternative Energy S.a.r.L.). Fortune generally acquires controlling
interests in these investments, seeking dividend income and capital
appreciation of the participations. Under Private Equity Products,
Fortune subsumes its investments in private equity managers (general
partners), such as Antarctic International Private Equity Fund S.A.
in Chile. The focus there lies in consolidating continuous management
and performance fee income. FORTUNE has offices in Zug, Zurich,
Geneva, Vienna and Dubai.
The company’s shares (ISIN: USU 026281027) are quoted on the
Regulated Market (General Standard) at the Frankfurt Stock Exchange.
end of announcement                               euro adhoc 03.04.2006 18:41:48

Further inquiry note:

Fortune Management Inc.
Christian Hillermann
Investor Relations Manager

Tel.: +49 40 / 23608-897
Fax: +49 40 / 23608-500
E-mail: ir@fortune-management.com

Branche: Financial & Business Services
ISIN: USU026281027
WKN: A0BLYY
Börsen: Börse Berlin-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Frankfurter Wertpapierbörse / regulated dealing/general
standard

Plus de actualités: Fortune Management Inc.
Plus de actualités: Fortune Management Inc.