H&R GmbH & Co. KGaA, DE0007757007

H&R GmbH & Co. KGaA, DE0007757007

04.04.2017 - 16:52:35

H&R GmbH & Co. KGaA: Management will propose to the Annual Shareholders' Meeting that company funds be used to increase the share capital and that bonus shares be issued at a subscription ratio of 50:1

H&R GmbH & Co. KGaA: Management will propose to the Annual Shareholders' Meeting that company funds be used to increase the share capital and that bonus shares be issued at a subscription ratio of 50:1

Salzbergen, 4 April 2017: Despite the existing loss carryforward under the German Commercial Code [HGB], the general partner with full personal liability and the Supervisory Board of H&R GmbH & Co. KGaA (hereinafter abbreviated as H&R KGaA; ISIN DE0007757007) have decided today, given the successful business performance over the past two financial years, to issue so-called bonus shares to its shareholders that will allow them to participate in the company's success. The shares will be issued at a ratio of 50:1 as part of an increase in capital using company funds, under which one new share will be issued for every 50 old shares.

Management will propose to the Annual Shareholders' Meeting on 18 May 2017 that the number of company shares first be reduced through the redemption of four treasury shares to 35,820,150 no-par shares in order to ensure an even issue ratio. This will initially reduce the company's share capital by EUR 10.23.

In Step 2, Management will propose to the Annual Shareholders' Meeting on 18 May 2017 that the company's share capital be raised, via a capital increase from company funds, by EUR 1,831,455.19 from EUR 91,572,759.40 to EUR 93,404,214.59. The increase will be effected by converting a portion (EUR 1,831,455.19) of the capital reserve reported in the company's balance sheet as of 31 December 2016 into share capital. The capital increase will entail issuing 716,403 no-par bearer shares to the company's limited liability shareholders at a ratio of 50:1. If partial subscription rights are allotted to the shareholders' share portfolio as a result of the ratio, these partial rights may be sold or topped up by sending instructions to the respective custodian bank.

The new shares will be allocated by means of a credit to the securities account at the custodian bank once the resolutions by the Annual Shareholders' Meeting have been recorded in the Commercial Register. All H&R KGaA shares will receive a new securities code number (WKN) and a new International Security Identification Number (ISIN). They will be evidenced by a global certificate that will be deposited with Clearstream Banking AG, which is headquartered in Frankfurt am Main. Because all of the company's shares are held in a collective securities account, shareholders need take no further action regarding the allocation of the bonus shares. Both current and new shares will continue to be fully tradable at the current level.

The invitation to the Annual Shareholders' Meeting, including the proposed resolutions, will be published in the coming days in the Federal Gazette [Bundesanzeiger] and will also be available on the company's website.

Contact information: H&R GmbH & Co. KGaA, Head of Investor Relations/Communications, Ties Kaiser Neuenkirchener Strasse 8, 48499 Salzbergen Tel.: +49 40 43218-321, Fax: +49 40 43218-390 e-mail: ties.kaiser@hur.com ; www.hur.com

H&R KGaA: H&R KGaA is a specialty-chemicals company listed on the Frankfurt Stock Exchange's Prime Standard segment. It develops and manufactures crude-oil-based chemical and pharmaceutical specialty products and produces high-precision plastic parts.

Forward-looking statements and forecasts: This press release contains forward-looking statements. The statements are based on the current estimates and forecasts by the Executive Board and the information available to the Board at this time. These forward-looking statements do not provide any warranty for the future developments and results contained therein. The future developments and results are dependent on a number of factors; they entail various risks and contingencies and are based on assumptions which could prove to be incorrect. We do not assume any responsibility for updating the forward-looking statements contained in this press release.

04.04.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English

Company: H&R GmbH & Co. KGaA Neuenkirchener Str. 8 48499 Salzbergen

Germany Phone: +49 (0)40 43 218 321 Fax: +49 (0)40 43 218 390 E-mail: investor.relations@hur.com Internet: www.hur.com ISIN: DE0007757007 WKN: 775700 Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Hanover, Munich, Stuttgart, Tradegate Exchange   End of News DGAP News Service

561865  04.04.2017 

@ dgap.de

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