Ad-hoc announcement: Hornbach family announces private placement
Neustadt an der Weinstrasse, October 22, 2015.
The family trust Hornbach Familien-Treuhandgesellschaft mbH, Annweiler, today decided to place one million non-par ordinary bearer shares in Hornbach Holding AG & Co. KGaA on the capital market. This was announced by the principal shareholder in the KGaA today.
The private placement of 6.25% of the share capital in Hornbach Holding AG & Co. KGaA will thus 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 it bought back from the former strategic partner Kingfisher plc at the end of March 2014. It was further announced that the family trust had undertaken within the private placement to comply with a customary market lock-up period of three months. Upon completion of 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 (ISIN: DE0006083405).
Contact person
Axel Müller
Head of Group Communications
T +49 (0) 6348-60-2444
F +49 (0) 6348-60-4299
axel.mueller@hornbach.comShare price
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Anna Krall
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Anne Spies
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Florian Preuß
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Axel Müller
T +49 (0) 6348-60-2444
axel.mueller@hornbach.com