The Executive Board of S&T AG (CUSIP A0X9EJ), resolved on a capital increase for cash of up to 10% of its current share capital under the exclusion of shareholder subscription rights. The company's share capital is to be increased, through the partial exercise of the company's Authorised Capital, by up to EUR 3,933,745.00 from EUR 39,337,459.00 at present to EUR 43,271,204.00, against cash contributions by issuing up to 3,933,745 no-par value shares, with dividend entitlement as of 1 January 2014. The new shares are to be privately placed with qualified investors and other selected investors in an accelerated bookbuilding. The new shares are to be admitted for trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange without a prospectus.
The net issue proceeds from the capital increase are intended to finance the ongoing organic and an-organic growth of S&T AG group. Hauck & Aufhäuser Privatbankiers KGaA will be acting as sole bookrunner for the capital increase.