14.05.2019 VTG Aktiengesellschaft  DE000VTG9999

DGAP-News: VTG AG successfully completes capital increase - Gross proceeds of around EUR 290 million realized


 

DGAP-News: VTG Aktiengesellschaft / Key word(s): Capital Increase
VTG AG successfully completes capital increase - Gross proceeds of around EUR 290 million realized

14.05.2019 / 15:01
The issuer is solely responsible for the content of this announcement.


VTG AG successfully completes capital increase - Gross proceeds of around EUR 290 million realized
 

- Issuance of 5,477,372 new shares at a subscription price of EUR 52.90 per share

- Major shareholders exercise subscription rights in full

- Warwick Holding GmbH also acquires all unsubscribed shares


Hamburg, May 14, 2019. VTG Aktiengesellschaft (WKN: VTG999) has successfully completed the capital increase against cash contributions launched at the end of April 2019. To this end, VTG AG issued 5,477,372 new no-par-value ordinary bearer shares with dividend entitlement as of January 1, 2018. VTG shareholders in the Federal Republic of Germany and in the Grand Duchy of Luxembourg were able to acquire 4 new shares at a subscription price of EUR 52.90 each for every 21 existing shares held.

The two major shareholders, Joachim Herz Stiftung and Warwick Holding GmbH (an indirect subsidiary of funds advised by Morgan Stanley Infrastructure, Inc.), exercised all the subscription rights to which their existing shareholdings at the beginning of the subscription period entitled them. At the end of the subscription period, Warwick Holding GmbH also acquired all unsubscribed new shares at the subscription price.

"I am very pleased that, thanks to the support of our two major shareholders, we were able to complete the capital increase on attractive terms and with no placement risk," said Dr. Heiko Fischer, CEO of VTG AG. "This marks an important milestone in funding the long-term growth of the VTG Group."

Of the net proceeds of approximately EUR 283 million from the capital increase, around EUR 30 million will be used to partially redeem a privately placed hybrid bond issued to fund the Nacco acquisition in 2018. The remainder of the net proceeds will give the VTG Group greater financial flexibility and will, at the beginning of August 2019, be used to redeem VTG's listed hybrid bond at a nominal amount of EUR 250 million plus accrued interest.

Berenberg and Credit Agricole Corporate and Investment Bank acted as joint global coordinators for the capital increase.


About VTG:

VTG Aktiengesellschaft is one of Europe's leading railcar leasing and rail logistics companies, with a fleet consisting of more than 94,000 railcars. VTG offers a full-range service, providing tank cars, intermodal cars, standard freight cars and sliding wall cars. In addition to the leasing of railcars, the Group offers comprehensive multi-modal logistics services, mainly around rail transport, and global tank container transports.

With the combination of its three interlinked divisions Railcar, Rail Logistics and Tank Container Logistics, VTG offers its customers a high-performance platform for international transport of their freight. The Group has many years of experience and specific expertise, in particular in the transport of liquid and sensitive goods. Its customers include numerous well-known companies from almost every industrial sector, for example the chemical, petroleum, automotive, paper and agricultural industries.

In the financial year 2018, VTG generated revenue of EUR 1,073 million and operating profit (EBITDA) of EUR 349 million. Via its subsidiaries and affiliates the company, which has its head office in Hamburg, is mainly present in Europe, North America, Russia and Asia. As at 31 December 2018, VTG had 1,600 employees worldwide.


Contact Corporate Communications:
Gunilla Pendt

Head of Corporate Communications
Telephone: +49 (0) 40 23 54-1341
Fax: +49 (0) 40 23 54-1340
E-mail: [email protected]

Contact Investor Relations:
Christoph Marx
Head of Investor Relations
Telephone: +49 (0) 40 23 54-1351
Fax: +49 (0) 40 23 54-1350
E-mail: [email protected]

More information at www.vtg.com


Disclaimer
This document and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell or a solicitation of an offer to buy any securities in the United States. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the laws of any state of the United States, and may not be offered, sold or otherwise transferred in the United States absent registration or pursuant to an available exemption from registration under the Securities Act. Neither VTG Aktiengesellschaft (the "Company") nor one of its shareholders intends to register any securities referred to herein in the United States.

This document does not constitute an offer to sell or a solicitation of an offer to buy any securities.
No money, securities, or other consideration is being solicited, and, if sent in response to the information contained herein, will not be accepted.

This document does not constitute an offer document or an offer of securities to the public in the U.K. to which section 85 of the Financial Services and Markets Act 2000 of the U.K. applies and should not be considered as a recommendation that any person should subscribe for or purchase any securities as part of the Offer. This document is being communicated only to (i) persons who are outside the U.K.; (ii) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (iii) high net worth companies, unincorporated associations and other bodies who fall within article 49(2)(a) to (d) of the Order (all such persons together being referred to as "Relevant Persons"). Any person who is not a Relevant Person must not act or rely on this communication or any of its contents. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. This document should not be published, reproduced, distributed or otherwise made available, in whole or in part, to any other person without the prior consent of the Company.

Cautionary note regarding forward-looking statements
This document contains forward-looking statements. These statements are based on the current views, expectations, assumptions and information of the management, and are based on information currently available to the management. Forward-looking statements shall not be construed as a promise for the materialization of future results and developments and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those described in such statements due to, among other things, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, affecting the Company, and other factors. Neither the Company nor any of its affiliates assumes any obligations to update any forward-looking statements.



14.05.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: VTG Aktiengesellschaft
Nagelsweg 34
20097 Hamburg
Germany
Phone: 040 2354 1351
Fax: 040 2354 1350
E-mail: [email protected]
Internet: www.vtg.de
ISIN: DE000VTG9999
WKN: VTG999
EQS News ID: 810803

 
End of News DGAP News Service

810803  14.05.2019 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023
Umsatzerlöse1 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBITDA1,2 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBITDA-Marge3 0,00 0,00 0,00 0,00 0,00 0,00
EBIT1,4 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBIT-Marge5 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Jahresüberschuss1 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Netto-Marge6 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Cashflow1,7 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Ergebnis je Aktie8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer:

INVESTOR-INFORMATIONEN
©boersengefluester.de
WKN Kurs in € Einschätzung Börsenwert in Mio. €
0,000 0,00
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 0,00 0,00 0,00
KBV KCV KUV EV/EBITDA
0,00 0,00 0,00 0,00
Dividende '22 in € Dividende '23 in € Div.-Rendite '23
in %
Hauptversammlung
0,00 0,00 0,00
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
0,00% 0,00% 0,00% 0,00%
    
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Logistik/Verkehr , VTG999 , VT9 , XETR:VT9