EANS-News: Balda AG
Balda AG sets the stage for a partial sale of TPK shares
within the framework of a GDR offering
30.09.2011 – 10:53
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information Bad Oeynhausen (euro adhoc) - Balda AG sets the stage for a partial sale of TPK shares within the framework of a GDR offering Bad Oeynhausen, 30 September 2011 - Balda AG, listed on the SDax of the Frankfurt Stock Exchange, has on September 30 indicated to the Taiwan Stock Exchange its intention to sell up to 9.5 million shares of the shareholding held by Balda Investments Singapore (BIS) in the touchscreen producer TPK. In a joint capital transaction within the framework of a Global Depository Receipt/GDR-offering both companies intend to place with investors up to 9.5 million existing shares as held by BIS and 16 up to 20 million newly issued shares from a capital increase decided by TPK today. This joint offering is expected to be completed successfully in the fourth quarter 2011. JP Morgan Securities Ltd. and Nomura International (Hong Kong) Ltd. as the consortium managers will be responsible for the placement. By selling the shares Balda will be able to partially capitalize on its investment in TPK in a market-sensitive way. Through the joint offering the shares shall be sold at adequate conditions. The parties involved act on the assumption that due to the planned joint placement with selected investors the recent speculation having influenced the share price development will be minimized. That should have a positive impact on the proceeds to be expected for Balda. * * * Company profile of Balda AG The Balda Group develops and produces complete plastic assemblies, electronicproducts and products for the medical technology industry. Balda´s customers are leading companies in the mobile phone, consumer electronics, electronic communications, pharmaceutical and medical technology markets. The Group is internationally positioned with production sites in China, Malaysia and Germany. A subsidiary in the USA serves North American customers in productdesign and development. Within the scope of its shareholding in a leading touchscreen manufacturer in China, Balda is participating in the dynamic development of the touchscreen displays market. * * * This corporate news announcement contains forward-looking statements, which are based on the current expectations of Balda´s management. They therefore contain a range of risks and uncertainties because they relate to future events and depend on circumstances that will occur in the future, such as, for example, developments in the mobile communications industry, changes in technology and the ability to timely and successfully develop new products and various other factors. Balda will neither revise these forward-looking statements nor correct them in the event of any unexpected development, unless there is a legal obligation to do so. This corporate news announcement represents neither an offer to buy shares nor an invitation to submit an offer to buy shares in the United States or any other country. The shares in Balda AG (the "shares") may not be offered or sold in the United States or to or for the account of U.S. persons (as defined in Regulation S of the U.S. Securities Act of 1933, in its current version (the "Securities Act")), unless they are registered or are exempt from registration under the Securities Act. The shares have not been and will not be registered under the Securities Act. * * * Further inquiry note: Clas Röhl Tel.: +49 (0) 5734 922-2728 croehl@balda.de Further inquiry note: Clas Röhl Tel.: +49 (0) 5734 922-2728 croehl@balda.de end of announcement euro adhoc -------------------------------------------------------------------------------- company: Balda AG Bergkirchener Str. 228 D-32549 Bad Oeynhausen phone: +49 (0) 5734 9 22-0 FAX: +49 (0) 5734 922-2747 mail: info@balda.de WWW: http://www.balda.de sector: Semiconductors & active components ISIN: DE0005215107 indexes: CDAX, Prime All Share stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Hamburg, Stuttgart, Düsseldorf, München language: English