HORNBACH Familien-Treuhandgesellschaft mbH, corporate

HORNBACH Familien-Treuhandgesellschaft mbH,

27.03.2017 - 18:25:25

HORNBACH Familien-Treuhandgesellschaft mbH: Hornbach family places one million ordinary shares in KGaA

PRESS RELEASEHornbach family places one million ordinary shares in KGaA Family trust Hornbach Familien-Treuhandgesellschaft mbH sells remainder of former Kingfisher equity stake - Albrecht Hornbach: "The family will remain the determining force and safeguard the autonomy of the Hornbach Group." - Increased free float improves liquidity of Holding share  

Annweiler am Trifels, March 27, 2017. The family trust Hornbach Familien-Treuhandgesellschaft mbH, based in Annweiler/Rheinland-Pfalz, today decided to place one million non-par ordinary bearer shares in Hornbach Holding AG & Co. KGaA on the capital market. This private placement of 6.25% of the share capital in the KGaA will be executed by way of an accelerated bookbuilding process performed by Commerzbank AG and is expected to be completed by Tuesday, March 28, 2017. With this transaction, the family trust is now selling the second half of two million shares bought back from Kingfisher plc at the end of March 2014. The family trust placed the first half of this equity stake in October 2015.

Upon the first placement in the fall of 2015, the family trust already indicated that it would only be retaining the remaining one million ordinary shares in the KGaA on a temporary basis. The precondition for this was the change in the company's legal form to a partnership limited by shares (KGaA). "Via its control of Hornbach Management AG (the general partner), the family will remain the determining force shaping the company's development in future as well. This way, it will sustainably safeguard the autonomy of the Hornbach Group", commented Albrecht Hornbach, Managing Director of the family trust.

"The private placement announced today was long expected by capital market players. We are convinced that increasing the free float in this way will benefit the price and liquidity of the Holding share on a long-term basis", added Albrecht Hornbach. Following the secondary placement, the family will own 37.5% (previously: 43.75%) of the share capital of Euro 48 million in the KGaA, which is divided into 16 million listed non-par ordinary bearer shares with voting entitlement. This again represents the same share of capital as during the longstanding alliance with Kingfisher between 2001 and 2014. "No further reduction in our shareholding is under discussion", stressed Albrecht Hornbach. Within the private placement, the family trust has undertaken to comply with a customary market lock-up period of three months. HORNBACH Familien-Treuhandgesellschaft mbH Burgenring 118 76855 Annweiler Tel. 06321/678-9303 Fax  06321/678-9300  

Disclaimer: This notification is not intended for publication or circulation, whether direct or indirect, in or to the United States, Australia, Canada or Japan. This notification does not constitute any offer of securities or solicitation to submit purchase offers for securities. The securities referred to in this notification are not and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent any exemption from the registration requirements of the Securities Act or in a transaction not governed by such. There will be no public offering of securities.

No measures have been taken that would facilitate an offering of the securities or the circulation or possession of this notification in any state for which purpose measures would be necessary. Persons obtaining possession of this notification must inform themselves about, and observe, any restrictions.

In member states of the European Economic Area ("EEA") that have implemented the Prospectus Directive (in each case a "Relevant Member State"), this notification is addressed exclusively to those persons who constitute "qualified investors" within the meaning of the Prospectus Directive and the addressing of whom does not otherwise trigger any prospectus requirement. For these purposes, the "Prospectus Directive" refers to Directive 2003/71/EC (as amended and applicable, i.e. including the amendments introduced by Directive 2010/73/EU to the extent that such have been implemented in the Relevant Member State).

In connection with the placement of shares the placing bank(s) and its/their (respective) affiliated companies may acquire shares on their own accounts and hold or sell such shares on their own accounts. Furthermore, they may conclude financing transactions or swaps in connection with which they periodically buy, hold or sell shares. Unless required by law, there is no intention to disclose such investments or transactions.

27.03.2017 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

558537  27.03.2017 

@ dgap.de

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