27.09.2013
![]()
DGAP-News: Ultrasonic AG: Public tender offer for bonus shares ended
DGAP-News: Ultrasonic AG / Key word(s): Dividend/Share Buyback
Ultrasonic AG: Public tender offer for bonus shares ended
27.09.2013 / 18:20
---------------------------------------------------------------------
Public tender offer for bonus shares ended
- Ultrasonic AG has repurchased 16.9% of the bonus shares previously
issued by the company
- Bonus shares expected to be converted to main ISIN on October 3rd, 2013
Cologne, September 27, 2013 - Under a public tender offer which ended on
September 25, 2013, 101,950 bonus shares previously issued by Ultrasonic AG
(Prime Standard, ISIN DE000A1KREX3, US5), the German holding company of an
established Chinese producer and supplier of branded urban footwear
products, were tendered to the company by shareholders for repurchase at a
price of EUR 9.20 per share. Hence, Ultrasonic AG has repurchased 16.9% of
the bonus shares previously issued by the company.
The major shareholder had previously given a binding undertaking that he
would not sell any shares under the offer. Any shares not repurchased by
the company remain property of the shareholders. The total shares
repurchased amount to about 0.8% of the share capital of Ultrasonic AG.
They will not initially be withdrawn, but will be held by Ultrasonic AG.
The company reserves the right to utilise the shares on the basis of the
resolutions adopted by the Annual General Meeting on June 7, 2013.
The bonus shares presumably will be converted from the interim ISIN
designation DE000A1X3Y08 for 'redeemable shares' to the main tradable
designation ISIN DE000A1KREX3 and included in the current listing of the
company's shares in the Prime Standard on the Frankfurt Stock Exchange on
October 3rd, 2013. Ultrasonic AG has thus fully implemented its option
dividend concept.
Full details of the share repurchase offer are available on the website of
Ultrasonic AG at Investor Relations/Ultrasonic Stock/Option Dividend.
About Ultrasonic:
The Cologne-based company Ultrasonic AG is the German holding company of
the Chinese ULTRASONIC Group, an established manufacturer and supplier of
high-quality branded urban footwear. The Group has more than 1,400
employees and operates in three main market segments, each of which
currently contributes about a third of revenue. ULTRASONIC produces sandals
and slippers for the upper price segment for the local and international
market. It is also a long-term supplier of shoe soles to leading
manufacturers in the established Chinese sport shoe industry such as Anta,
Xtep and Unisuper. Moreover, the company has developed its own very
successful high-quality urban footwear collection which is marketed under
the ULTRASONIC brand and targets China's young, fashion-conscious urban
middle class, which has high purchasing power and expects high quality. The
ULTRASONIC product line is currently marketed via more than 110 mono-label
shops. The ULTRASONIC Group has reported a compound annual growth rate
(CAGR) of 31% per year since 2009. In 2012 it generated sales of around EUR
149 million and a net profit of EUR 30.8 million.
For further information about the company visit: www.ultrasonic-ag.de
For enquiries:
Ultrasonic AG
Chi Kwong Clifford Chan
Vorstand und CFO
E-Mail: [email protected]
Tel.: +86 1525 947 9902 (China), +852 966 227 40 (Hong Kong)
Disclaimer:
This document is no offer for the purchase of securities in the United
States of America. Securities may only be sold or offered for sale with the
previous registration under the U.S. Securities Act of 1933 in the actual
valid version or without previous registration only pursuant to an
exemption. The shares of Ultrasonic AG (the 'Shares') have not been
registered under the U.S. Securities Act of 1933 in the actual valid
version and may not be sold or offered in the United States.
This document is only being distributed to and is only directed at (i)
persons who are outside the United Kingdom or (ii) to investment
professionals falling within Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (iii)
high net worth entities, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all such
persons together being referred to as 'relevant persons'). The Shares,
which are referred to, are only available to relevant persons and any
invitation, offer or agreement to subscribe, purchase or otherwise acquire
such securities will be engaged in only with, relevant persons. Any person
who is not a relevant person should not act or rely on this document or any
of its contents.
End of Corporate News
---------------------------------------------------------------------
27.09.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Ultrasonic AG
c/o BPG mbH, Graf-Adolf-Platz 12
40213 Düsseldorf
Germany
Phone: +86 1525 947 9902 (China); +852 966 227 40 (Hong Kong)
Fax: +49 (0)211 172 9829
E-mail: [email protected]
Internet: www.ultrasonic-ag.de
ISIN: DE000A1KREX3
WKN: A1KREX
Indices: CDAX, Classic All Share, DAXsector All Consumer, DAXsector
Consumer, DAXsubsector All Clothing & Footwear,
DAXsubsector Clothing & Footwear, Prime All Share
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
232443 27.09.2013
|