EANS-News: KTM Power Sports AG
Capital increase completed successfully
21.06.2011 – 14:12
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Restructuring & Recapitalisations Mattighofen (euro adhoc) - KTM Capital increase completed successfully >> Strengthening of share capital by EUR 14.0 million by issuance of 400,000 new bearer shares -- thereof EUR 12.4 million capital increase against contribution in kind -- and EUR 1.6 million capital increase against contribution in cash -- Main shareholders CROSS Industries AG with 50.1% and Bajaj with 39.79% of share capital Mattighofen, 21.06.2011 - KTM successfully completes a capital increase against contribution in cash and contribution in kind. As of June 15, 2011 - the end of the subscription period - the share capital of KTM Power Sports AG was increased against contribution in cash and contribution in kind from EUR 10,109,000 to a total of EUR 10,509,000. In accordance with the resolution of the General Meeting of 26 April 2011 the share capital was increased against contribution in kind by EUR 355,000.00 through the issue of 355,000 bearer shares at a par value of EUR 1.00 each, and against contribution in cash by EUR 45,000 through the issue of 45,000 bearer shares at a par value of EUR 1.00, hence a total of EUR 400,000 through issuance of 400,000 bearer shares at a par value of EUR 1.00. The issue price per share amounted to EUR 35.00. The capital increase against contribution in kind was done through a contribution of 99% of KTM Immobilien GmbH, FN 351879 w, held by CROSS Industries AG. Thus, the so-called "KTM-real estate" bundled in KTM Immobilien GmbH and held by CROSS Industries AG were acquired by KTM Power Sports AG and concurrently strengthened their equity capital base. The volume of the capital increase against contribution in kind equals EUR 12,425,000.00 At the time the capital increase against contribution in cash was decided upon, also the capital increase against contribution in kind was fixed. The subscription right was addressed solely to existing shareholders. Since the core shareholders CROSS Industries AG and Bajaj Auto International Holding B.V. waived their subscription rights in the run-up, all other existing shareholders had the chance to compensate the dilution from the capital increase against contribution in kind. A total of 32,231 new shares were subscribed, Bajaj Auto International Holding B.V. took over the remaining shares. The volume of the capital increase against contribution in cash equals EUR 1,575,000.00 The capital increase was registered June 18, 2011; the first trading date of the new shares is June 21,2011. As of January 1, 2011 the new shares are entitled to dividend payments. As of June 21, 2011 a total of 10,509,000 shares, the total share capital of KTM Power Sports AG, are admitted to trading at the Vienna Stock Exchange. Shareholder structure As of today CROSS Industries AG remains the majority shareholder of KTM Power Sports AG with 50.1 % of the share capital, the share of Bajaj Auto International Holding B.V. amounts to 39.79%. The free float of stock including Hofer Privatstiftung amounts to 10.11 %. Further inquiry note: KTM Power Sports AG Mag. Viktor Sigl MBA Tel: +43 7742 6000 144 Mail to: viktor.sigl@ktm.at end of announcement euro adhoc -------------------------------------------------------------------------------- company: KTM Power Sports AG Stallhofnerstraße 3 A-5230 Mattighofen phone: +43(0)7742/6000-0 FAX: +43(0)7742/6000-5216 mail: ir@ktmpowersports.com WWW: www.ktm.com sector: Technology ISIN: AT0000645403 indexes: mid market stockmarkets: official market: Wien language: English