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HORNBACH Familien-Treuhandgesellschaft mbH: Hornbach family announces private placement of one million ordinary shares in KGaA

DGAP-News: HORNBACH Familien-Treuhandgesellschaft mbH / Key word(s):
Corporate Action
HORNBACH Familien-Treuhandgesellschaft mbH: Hornbach family announces
private placement of one million ordinary shares in KGaA

22.10.2015 / 18:27

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Hornbach Familien-Treuhandgesellschaft mbH
Burgenring 118
76855 Annweiler
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PRESS RELEASE

Hornbach family announces private placement
of one million ordinary shares in KGaA

The family trust Hornbach Familien-Treuhandgesellschaft mbH is selling part
of the former Kingfisher stake - Albrecht Hornbach underlines ongoing
commitment: "Family will remain the principal shareholder and stands for
the company's long-term autonomy".

Annweiler am Trifels, October 22, 2015.
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 book building process performed
by Joh. Berenberg, Gossler & Co. KG and Commerzbank AG and is expected to
be completed by tomorrow, Friday, October 23, 2015. With this transaction,
the family trust is selling half of the two million shares that it bought
back from Kingfisher plc at the end of March 2014.

"After the exit of our former strategic partner last year, we acquired the
Kingfisher stake with loan financing to secure our ability to determine the
future use of the then two million ordinary shares in Hornbach Holding AG.
This way, we at all times retained the ability to decide what should happen
with this share package provided that the business autonomy of the
family-run Hornbach Group was ensured on a permanent basis", comments
Albrecht Hornbach, Managing Director of the family trust. "The family will
remain the company's principal shareholder and will maintain its investment
in Hornbach Holding in the long term." After the secondary placement, the
family will hold 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.

Within the private placement, the family trust has undertaken to comply
with a customary market lock-up period of three months. "We believe that
this secondary placement will enhance the attractiveness of the Holding
shares. Above all, the liquidity of the KGaA ordinary shares stands to
benefit from the additional broadening in our investor base", underlined