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GESCO AG

euro adhoc: GESCO AG
Capital measures
GESCO AG resolves cash capital increase Ad hoc notification in accordance with Section 15 WpHG (German Securities Trading Act) on capital increases

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
08.09.2005
Wuppertal, 8 September 2005 - The Executive Board of GESCO AG, with
the consent of the Supervisory Board, has resolved to increase the
share capital of the company by EUR 647,400.00 to EUR 7,147,400.00
utilising authorised capital through the issue of 249,000 new no-par
bearer shares with a pro rata share in GESCO AG’s share capital of
EUR 2.60 per share. The issue price will stand at EUR 27.40 per
share, accounting for a total issue amount of EUR 6,822,600.00. The
new shares will carry full dividend entitlement from financial year
2005/06, i.e. from 1 April 2005. The shareholders’ subscription right
is excluded in accordance with § 5 para. 6 c of the articles of
association because the new shares resulting from the capital
increase against cash contributions are being issued at a price which
is not significantly lower than the stock exchange price and the
number of shares issued by utilising authorised capital does not
exceed 10 % of the share capital at the time of issue. The shares
were placed with institutional investors at the issue price by the
Frankfurt-based investment bank, equinet. Demand was several times
higher than the offer. All the necessary measures for entry of the
capital increase in the commercial register of the Wuppertal district
court and admission of the shares will immediately be set in motion.
The issue proceeds of around EUR 6.8 million will be used in part to
pay for the acquisition of the Dömer Group, which was carried out on
30 August 2005, and in part to make further acquisitions of
industrial SMEs.
end of announcement                               euro adhoc 08.09.2005 16:07:58

Further inquiry note:

Oliver Vollbrecht
Head of Investor Relations
T.: +49(0)202 24820 18
info@gesco.de

Branche: Economy, Business & Finance
ISIN: DE0005875900
WKN: 587590
Index: Prime Standard, CDAX, Classic All Share, Prime All Share
Börsen: Baden-Württembergische Wertpapierbörse / regulated dealing
Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Bayerische Börse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Frankfurter Wertpapierbörse / official dealing
Börse Düsseldorf / official dealing

Plus de actualités: GESCO AG
Plus de actualités: GESCO AG