Progress-Werk Oberkirch AG

EANS-Adhoc: Progress-Werk Oberkirch AG
Progress-Werk Oberkirch AG: Company determines subscription price for new shares from capital increase at EUR 36.50

  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.
Stock Activity


Progress-Werk Oberkirch AG: Company determines subscription price for new
shares from capital increase at EUR 36.50

Oberkirch, May 7, 2012 - The Management  Board  of  Progress-Werk  Oberkirch  AG
determined today, with the approval of the Supervisory Board,  the  subscription
price for the up to 625,000 new shares that can  be  subscribed  exclusively  by
the company's shareholders as part of the capital  increase  resolved  on  April
23, 2012. The new shares can be subscribed at EUR 36.50 per share. This means  a
discount of approximately 9.7% on the Xetra  closing  price  of  EUR  40.44  per
share of the company on the Frankfurt Stock Exchange on May 4, 2012.

The period during which the subscription rights can be exercised will expire  on
May 14, 2012, 12:00 pm (CEST). Subscription rights not  exercised  in  due  time
will lapse worthless. The subscription rights are not tradeable.

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

end of announcement                               euro adhoc 

issuer:      Progress-Werk Oberkirch AG
             Industriestraße 8
             D-77704 Oberkirch
phone:       +49(0)7802 84-0
sector:      Automotive Equipment
ISIN:        DE0006968001
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
             regulated dealing/prime standard: Frankfurt 
language:   English

Weitere Meldungen: Progress-Werk Oberkirch AG

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