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    DGAP-News  421  0 Kommentare HORNBACH Familien-Treuhandgesellschaft mbH: Hornbach family places one million ordinary shares in KGaA





    DGAP-News: HORNBACH Familien-Treuhandgesellschaft mbH / Key word(s): Corporate Action


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


    27.03.2017 / 18:22



    The issuer is solely responsible for the content of this announcement.




    PRESS RELEASE


    Hornbach 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.

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    DGAP-News HORNBACH Familien-Treuhandgesellschaft mbH: Hornbach family places one million ordinary shares in KGaA DGAP-News: HORNBACH Familien-Treuhandgesellschaft mbH / Key word(s): Corporate Action HORNBACH Familien-Treuhandgesellschaft mbH: Hornbach family places one million ordinary shares in KGaA 27.03.2017 / 18:22 The issuer is solely responsible for …

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