RCS - Deutz AG - Capital Increase

Deutz AGAnnouncement

02/07/2024 18:30

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RNS Number : 8623U  Deutz AG  02 July 2024

 DEUTZ AG / Key word(s): Capital Increase

DEUTZ AG: DEUTZ AG resolves on a 10 % capital increase against cash
 contributions from authorized capital, with the exclusion of pre-emption
 rights

02-Jul-2024

Disclosure of an inside information acc. to Article 17 MAR of the Regulation
 (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

NOT FOR DIRECT OR INDIRECT PUBLICATION OR DISTRIBUTION, EITHER IN FULL OR IN
 PART, INTO OR WITHIN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, OR JAPAN
 OR ANY OTHER COUNTRIES IN WHICH THIS WOULD CONSTITUTE AN INFRINGEMENT OF THE
 PERTINENT LAWS OF THOSE COUNTRIES.

 Cologne, July 2, 2024 - The Board of Management of DEUTZ AG (ISIN
 DE0006305006) has today, with the approval of the Supervisory Board, resolved
 to carry out a capital increase against cash contributions - with the
 exclusion of pre-emption rights - by using part of the existing authorized
 capital. Hereto, the share capital of DEUTZ AG is to be increased, by up to
 10 %, to up to 138,761,914 no-par-value shares by issuing up to 12,614,719
 new no-par-value bearer shares. The new shares will carry full dividend rights
 for the financial year from January 1, 2024. Placement of the shares will be
 initiated immediately after the release of this notification. The new shares
 will be offered for purchase exclusively to institutional investors in a
 private placement by way of an accelerated bookbuilding process. The placement
 price, the final number of shares to be issued, and the final gross proceeds
 will be determined and announced by the Board of Management of DEUTZ AG, with
 the approval of the Supervisory Board, after completion of the process.

 The new shares are expected to be admitted to trading in the sub-segment of
 the regulated market with additional post-admission obligations (Prime
 Standard) of the Frankfurt Stock Exchange as well as in the regulated market
 of the Duesseldorf Stock Exchange on July 5, 2024 without a prospectus.
 Trading in the new shares, which will be included in the existing listing of
 the company's shares, is intended to commence on July 8, 2024. Delivery of the
 new shares is expected on July 8, 2024.

 The aims of the Company's Dual+ strategy include building up a portfolio that
 is fit for the future and increasing the resilience of the DEUTZ Group
 ('DEUTZ') by expanding its product ecosystem. To achieve this, DEUTZ is not
 only pursuing organic growth but also taking a buy-and-build approach. In this
 context, it recently signed an agreement to acquire genset manufacturer Blue
 Star Power Systems. 1  The net proceeds from the capital increase will give
 DEUTZ the financial flexibility to be able to continue investing in growth by
 acquisition once it has paid the purchase price.

 As part of the transaction, DEUTZ AG is committing to a lock-up, i.e. the
 Company will not, subject to the usual market exceptions, issue any further
 shares or financial instruments that can be converted into shares or carry out
 a further capital increase within a six-month period.

 Commerzbank and M.M.Warburg & CO are acting as Joint Global Coordinators
 & Joint Bookrunners in this transaction.

 Contact

 DEUTZ AG / Mark Schneider / Head of Investor Relations, Communications &
 Marketing

Tel: +49 (0)221 822 3600 / Email: mark.schneider@deutz.com

  *******

 Important information

 The distribution of this official announcement and the offer of DEUTZ AG
 shares may be subject to legal restrictions in certain jurisdictions. Persons
 in possession of this official announcement are obliged to inform themselves
 of such restrictions and to comply with them. This disclosure does not
 constitute an offer or a solicitation to submit an offer to buy or subscribe
 to securities aimed at persons in the United States of America, Australia,
 Canada, Japan, or other jurisdictions in which such an offer or solicitation
 is unlawful.

 Securities must not be offered or sold without registration except where there
 is an exemption from the registration requirements in the U.S. Securities Act
 of 1933, as amended, or the transaction is not subject to registration
 requirements. No public offer of securities will be made in the United States
 of America or in any other jurisdiction.

 In the member states of the European Economic Area ('EEA'), this official
 announcement is aimed solely at persons who are qualified investors within the
 meaning of Article 2 (e) of the Prospectus Regulation (Regulation (EU)
 2017/1129) (as amended, the 'Prospectus Regulation') ('Qualified Investors').
 In the United Kingdom, this official announcement is aimed and directed solely
 at qualified investors who are persons (i) with professional experience of
 investment matters falling within Article 19 (5) (investment professionals) of
 the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005
 (as amended, the 'Order') or (ii) falling within Article 49 (2) (a) to (d)
 (high net worth companies, incorporated associations, etc.) of the Order.

 Where this disclosure contains guidance, expectations or statements,
 estimates, opinions, or forecasts regarding the likely future performance of
 DEUTZ AG ('Forward-looking Statements'), these are based on the current views
 and assumptions of the DEUTZ AG management made to the best of its knowledge.
 Forward-looking Statements reflect various assumptions drawn from DEUTZ AG's
 current business plan or from public sources that have not been independently
 verified or assessed by DEUTZ AG and that may or may not prove to be correct.
 Forward-looking Statements are subject to known and unknown risks,
 uncertainties, and other factors that may cause the results of operations,
 profitability, performance, or results of DEUTZ AG, or the success of the
 sectors in which DEUTZ AG operates, to be materially different from the
 results of operations, profitability, performance, or results expressly or
 implicitly assumed or described in these Forward-looking Statements. In view
 of these risks, uncertainties, and other factors, persons who receive this
 document are advised against relying on these Forward-looking Statements.
 DEUTZ AG accepts no liability or guarantee for such Forward-looking Statements
 and will not change them to reflect future events and developments.

 Information for distributors

 In accordance with the requirements of EU product governance, the securities
 mentioned herein are subject to a product approval process in which each
 distributor has ascertained that these securities: (i) are compatible with an
 end target market of retail investors and investors who satisfy the criteria
 for professional clients and eligible counterparties, in each case as defined
 in MiFID II; and (ii) are eligible for distribution through all distribution
 channels permitted by MiFID II. Any distributor that subsequently offers the
 securities mentioned herein is responsible for carrying out its own target
 market assessment in respect of these securities and for determining suitable
 distribution channels.

 ( 1 ) See the ad hoc disclosure dated June 27, 2024.

 End of Inside Information

02-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory
 Announcements, Financial/Corporate News and Press Releases.
 Archive at www.eqs-news.com

 Language:     English
 Company:      DEUTZ AG
               Ottostraße 1
               51149 Köln (Porz-Eil)
               Germany
 Phone:        +49 (0)221 822 2491
 Fax:          +49 (0)221 822 3525
 E-mail:       svenja.deissler@deutz.com
 Internet:     www.deutz.com
 ISIN:         DE0006305006
 WKN:          630500
 Indices:      SDAX
 Listed:       Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated
               Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate
               Exchange
 EQS News ID:  1938197

 

 End of Announcement  EQS News Service

 

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