Log In | Become a Member | Contact Us


Leading printing executives into the future

Connect on Twitter | Facebook | LinkedIn

Featured:     European Coverage     Production Inkjet Analysis

Heidelberg Concludes Capital Increase in Settlement with Former Shareholders of Linotype-Hell AG

Tuesday, May 31, 2011

Press release from the issuing company

With the agreement of the Supervisory Board, the Management Board of Heidelberger Druckmaschinen AG (Heidelberg) has today decided to increase the share capital of Heidelberg by EUR 2,346,593.28 to EUR 599,672,166.40. To this end, 916,638 new shares are to be issued. The shareholders' subscription right has been waived in agreement with the Supervisory Board to the benefit of the former Linotype-Hell shareholders. This capital increase is equivalent to 0.393 percent of basic stock before the increase. To create the shares, the Management Board made partial use of its authorization in 2008 to issue shares from the authorized capital. The shares will be made available to the participating former Linotype-Hell shareholders on June 14, 2011. Following entry in the commercial register, which is scheduled for June 6, 2011, the new total of outstanding shares will amount to 234,246,940.

On March 30, 2011, Heidelberg arrived at an amicable agreement with the shareholders of Linotype-Hell AG, ending several years of legal dispute. In the context of a court settlement, it was agreed that the former Linotype-Hell shareholders will be granted a supplementary payment.  As announced in a press release on April 4, 2011, this payment will be made in the form of Heidelberg shares.

 

Discussion

By Rossitza Sardjeva on May 31, 2011

Now Heidelberg must return their part of Web Offset Printing Machines which they sold to Goss.

 

Post a Comment

To post a comment Log In or Become a Member, doing so is simple and free

 

SHARE

Email Icon Email

Print Icon Print

Become a Member

Join the thousands of printing executives who are already part of the WhatTheyThink Community.

Copyright © 2016 WhatTheyThink. All Rights Reserved