Praktiker Bau- und Heimwerkermärkte Holding AG / Issue of Debt
24.08.2006
Ad hoc announcement according to § 15 WpHG transmitted by DGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------
Kirkel, August 24, 2006. Praktiker Bau- und Heimwerkermärkte Holding AGplans to issue convertible bonds in an aggregate principal amount of Euro150 million. The company is making use of the authorisation at the generalmeeting on June 27, 2006. The convertible bonds, which convey the right tosubscribe for approximately 4.7 million underlying shares of Praktiker,will have a maturity of five years. The shareholders´ pre-emptive rightsare excluded. The coupon/yield to maturity is expected to be in a range of2.25 and 2.75 per cent, the conversion premium between 35 and 40 per cent.The final conversion premium and coupon/yield to maturity will bedetermined at pricing.
Praktiker will use the proceeds from this issue to partially finance theacquisition of Max Bahr, which was signed on August 16, 2006 and is subjectto clearance by the Federal Cartel Office.
The convertible bonds will be offered solely to institutional investorsoutside the United States, Canada, Australia, Italy or Japan and will notbe made to U.S., Canadian, Australian, Italian or Japanese persons. Therewill be no public offering of the convertible bonds.
IR-Contact:Praktiker Bau- und Heimwerkermärkte Holding AGDr. Rolf-Dieter GrassAm Tannenwald 2D - 66459 KirkelTel.: 06849 / 95 3700Fax: 06849 / 95 3709Mail: investorrelations@Praktiker.de
DGAP 24.08.2006 --------------------------------------------------------------------------- Language: EnglishIssuer: Praktiker Bau- und Heimwerkermärkte Holding AG Am Tannenwald 2 66459 Kirkel DeutschlandPhone: +49 (0)6849 95-00Fax: +49 (0)6849 95-2285E-mail: investorrelations@praktiker.deWWW: www.praktiker.deISIN: DE000A0F6MD5WKN: A0F6MDIndices: MDAXListed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Hamburg, Düsseldorf, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
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