DGAP-Adhoc

HOCHDORF Holding AG: HOCHDORF Holding Ltd. executes an authorised capital increase in which subscription rights will be granted to existing shareholders

HOCHDORF Holding AG / Key word(s): Capital Increase

20.10.2014 07:05

Release of an ad hoc announcement pursuant to Art. 53 KR
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NOT FOR RELEASE, PUBLICATION, CIRCULATION OR DISTRIBUTION IN THE UNITED
STATES, CANADA, AUSTRALIA OR JAPAN

Media release to the capital increase of HOCHDORF Group


HOCHDORF Holding Ltd. executes an authorised capital increase in which
subscription rights will be granted to existing shareholders


Hochdorf, 20 October 2014 - HOCHDORF Holding Ltd. executes an authorised
capital increase in which subscription rights to existing shareholders are
granted by issuing a maximum of 131,529 registered shares. The expected net
proceeds will be used for the purchase of 60% of Uckermärker Milch GmbH and
26% in each of Ostmilch Handels GmbH, Ostmilch Handels GmbH & Co.
Frischdienst Oberlausitz KG and Ostmilch Handels GmbH & Co. Frischdienst
Magdeburg KG as well as to increase the financial flexibility of the
company.

The capital increase will be executed at market and is secured by firm
commitments of different investors (Commitment Investors). The Commitment
Investors have committed themselves to buy up to a maximum of 138'708 new
shares potentially not subscribed by existing shareholders. The commitments
are in a price range of CHF 130 to CHF 143 per share.

The subscription rights of existing shareholders are granted. Existing
shareholders will be allocated one subscription right for each share and 7
subscription rights allow for the subscription of 1 new registered share
against payment of the subscription/placement price. There will be no
rights trading. Subscription rights not subscribed by shareholders will
expire without compensation after the end of the subscription period
(expected to be on Friday, 31 October 2014 at 12:00 noon CET).

New shares not taken up by existing shareholders are expected to be offered
in a public placement in Switzerland and private placements with
institutional investors in certain foreign countries (excluding in
particular the USA) on 3 November 2014. The subscription/placement price is
expected to be fixed the same day, based on the number of subscription
rights exercised, the demand from investors in the placements, the share
price of the registered share of HOCHDORF as well as general market
conditions and will at least amount to the lower end of the price range of
firm commitments of Commitment Investors of CHF 130 and at most CHF 143.
The subscription/placement price and the final number of new shares are
expected to be published in a media release on 3 November 2014 after close