Axel Springer AG / Key word(s): Transaction in Own Shares
24.09.2010 13:32
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Ad-hoc Announcement pursuant to section 15 WpHG
Neither this announcement nor the information contained herein is being
issued in the United States of America, Australia, Canada or Japan and
neither this announcement nor the information contained herein may be
distributed in the United States of America, Australia, Canada or Japan.
Axel Springer AG treasury shares and Axel Springer shares held by Deutsche
Bank placed at EUR 92.00 per share
The placement of Axel Springer treasury shares and Axel Springer AG shares
held by Deutsche Bank Luxembourg S.A. has been successfully completed. As
announced on September 23, 2010, a total of 5,481,751 shares, thereof
2,730,572 Axel Springer AG treasury shares, were offered in a private
placement to German and international institutional investors. The offered
shares representing in total approximately 16.6 percent of the Axel
Springer AG share capital were placed at a price of EUR 92.00 per share.
Going forward, the free float in the company's shares will be approximately
41 percent. Axel Springer AG will receive proceeds of approximately EUR 250
million from the sale of treasury shares. The Group intends to use the
proceeds to fund its on-going digitization and internationalization
strategy.
Berlin, September 24, 2010
Axel Springer Aktiengesellschaft
Axel-Springer-StraÃe 65
D-10888 Berlin
Disclaimer:
This announcement is a mandatory announcement pursuant to Section 15 German
Securities Trading Act (WpHG). Neither this announcement nor the
information contained herein constitutes an offer to sell or the
solicitation of an offer to purchase any securities. In particular, this
announcement is not an offer of securities for sale in the United States,
Australia, Canada or Japan. Securities may not be offered or sold in the
United States absent registration or an exemption from registration. A
public offering in the United States must be made by means of a prospectus
that would contain detailed information about the Company and management,
as well as financial statements. Neither the Company nor the selling
shareholder intends to register any portion of the offering of its
securities in the United States or to conduct a public offering in the
United States.
Kontakt:
Investor Relations Kontakt:
Daniel Fard-Yazdani
+49 (0)30 2591-77425
Daniel.fard-yazdani@axelspringer.de
24.09.2010 13:32 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Axel Springer AG
Axel-Springer-StraÃe 65
10888 Berlin
Deutschland
Phone: +49 (0)30 2591-77421
Fax: +49 (0)30 2591-77422
E-mail: ir@axelspringer.de
Internet: www.axelspringer.de
ISIN: DE0005501357, DE0005754238
WKN: 550135, 575423
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Hamburg, München, Düsseldorf, Berlin, Hannover, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: Axel Springer AG treasury shares and Axel Springer shares held by Deutsche Bank placed at EUR 92.00 per share
| Source: EQS Group AG