SAF-HOLLAND S.A. Places Shares from Capital Increase at a Price of EUR 7.50 per Share
Luxembourg, September 4, 2008 - SAF-HOLLAND S.A. (ISIN: LU0307018795 has
successfully completed its capital increase. The new shares were placed at
a price of EUR 7.50 each with qualified investors in Germany and other
European countries. The Group will use the total of EUR 14 million in gross
proceeds from the issuance to finance the acquisition of Georg Fischer
Verkehrstechnik GmbH. In the course of the placement, 1,864,900 bearer
shares with a nominal value of EUR 0.01 per share, amounting to a total of
9.9% of the subscribed share capital, were on offer.
The new shares are to be included in the existing pricing for SAF-HOLLAND
S.A. shares on the regulated market of the Frankfurt Stock Exchange. They
will be fully entitled to dividends for the 2008 fiscal year. The
subscribed share capital of the Company has increased as a result of the
capital increase by EUR 9.9% from EUR 188,373.75 to currently EUR
207.022,75.
Rudi Ludwig, CEO of SAF-HOLLAND group: 'The successful capital increase
confirms the investors’ confidence in our business model and our global
positioning strategy. With our acquisition of Georg Fischer Verkehrstechnik
GmbH we are now a supplier and partner of the international truck industry.
The capital increase serves the purpose of financing the announced
acquisition of Georg Fischer Verkehrstechnik GmbH. This acquisition will
further accelerate SAF-HOLLAND’s growth path and strengthen its position in
the European market for fifth wheels. At the same time, the Group becomes a
truly global supplier to the truck industry.'
Company Profile
With more than EUR 800 million in sales and approximately 3,000 employees,
SAF-HOLLAND S.A. is one of the leading manufacturers and suppliers of
premium product systems and components primarily for trailers as well as
trucks, buses, and recreational vehicles. The product range encompasses
axle and suspension systems, fifth wheels, couplers, kingpins, and landing
legs. SAF-HOLLAND customers include the majority of large truck and trailer
producers all over the world. The products are sold to Original Equipment
Manufacturers (OEMs) and Original Equipment Suppliers (OESs) by means of a
global service and distribution network and via aftermarket channels
directly to the end users and service garages. SAF-HOLLAND has therefore
established itself as one of the few manufacturers in its sector that is
internationally positioned with an extensive product range and a broad
service network. SAF-HOLLAND S.A. has been listed in the Prime Standard of
the Frankfurt Stock Exchange since June 2007.
04.09.2008 Financial News transmitted by DGAP