DGAP-News: Aragon Aktiengesellschaft / Key word(s): Miscellaneous Aragon Aktiengesellschaft: Aragon’s Management Board to subscribe shares worth Euro 5 million
12.04.2013 / 07:00
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– Aragon’s Management Board to subscribe shares worth Euro 5 million
The capital increase underway at Aragon AG, one of the leading financial services companies in German-speaking countries, is making good progress. Dr. Sebastian Grabmaier and Ralph Konrad, the two members of the company’s Management Board, intend to subscribe new shares worth Euro 5 million. This means that the subscription of at least 2 million of the 3.62 million shares on offer in the capital increase is secure.
Dr. Sebastian Grabmaier and Ralph Konrad already announced last year that they would be taking over the 40.7 percent stake in the company’s share capital held by the Angermayer, Brumm und Lange Unternehmensgruppe (ABL Group) in the context of a management buyout.
‘The planned buyout and our additional investment of Euro 5 million underline the long-term nature of our commitment’, commented company CEO, Dr. Sebastian Grabmaier. ‘We are confident that, following the necessary streamlining of its balance sheet in the 2012 financial year, Aragon will quickly regain its former strength. From a current perspective, the 2013 financial year should already be profitable once again.’
The planned buyout is still subject to approval by the relevant supervisory authorities.
About the capital increase
The subscription and rights issue period runs from 8 April 2013 to 24 April 2013. Overall, the company is offering up to 3,616,658 new shares at an issue price of Euro 2.50 each. The company’s share capital is set to increase from Euro 7,233,316 currently to up to Euro 10,849,974. The issue price corresponds to the subscription price for the new shares offered in the rights issue. The new shares will be offered to Aragon shareholders at a ratio of 2 to 1. Each two shares already held thus entitle existing shareholders to subscribe one new share. No subscription rights trading is taking place.
This publication constitutes neither an offer to sell nor a request to buy securities. The offering in Germany is exclusively based on the securities prospectus. The securities prospectus can be downloaded from the company’s internet site at www.aragon.ag and may also be forwarded free of charge upon request during the company’s customary business hours (Kormoranweg 1, 65201 Wiesbaden).
Press contact:
Folker Dries Hering Schuppener 0151 16231556 fdries@heringschuppener.com
Disclaimer:
The members of the Management Board of Aragon AG indirectly hold a significant shareholding in Aragon AG. They thus have a proprietary interest in the nature and content of the information provided in this communication.
About Aragon AG
Aragon AG is a broadly diversified financial services group with two operating segments, Broker Pools and Financial Consulting, and an operating Holding division. Within its segments, Aragon AG operates in the market with several independently acting subsidiaries. The aim is to integrate various sales models under one roof without infringing on the identity of each individual sales operation. This leads to broad diversification across numerous asset classes and distribution channels and, as a result, ensures high earnings stability. Further information about the company and its subsidiaries can be found at www.aragon.ag.
Contact: Aragon Aktiengesellschaft
Ralf Funke Investor Relations Tel.: +49(0)611 890 575-0 Fax: +49(0)611 890 575-99 E-Mail: ir@aragon.ag
End of Corporate News
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12.04.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.
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206879 12.04.2013
Quelle: presseportal.de finanzen