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KAP AG (WKN 620840, ISIN DE0006208408)
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KAP AG: TWO Major shareholderS intend to place shares – RESULTING IN POTENTIAL increase in free float
Fulda, 8 May 2019 – Today, The Carlyle Group and FM-Verwaltungsgesellschaft mbH ("FM GmbH"), which hold 45.5% and 25.7%, respectively, of KAP AG’s share capital, informed the management board of KAP AG that they are considering a significant reduction of their shareholdings through a capital markets transaction. According to The Carlyle Group and FM GmbH, a final decision on the transaction is subject to a number of conditions, including a favourable capital market environment. There can be no assurance as to if, when or under what terms the two major shareholders will place shares in KAP AG. Any sale by FM GmbH would be limited to 600,000 shares, representing 7.7% of KAP AG’s share capital. At the same time, FM GmbH agrees to a 24-month lock-up (subject to customary exceptions) for its remaining shares. Any transaction, if completed, could significantly increase the free float in KAP AG.
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About KAP AG
KAP AG is a mid-sized German industrial group with approximately 3,000 employees. We specialise in engineered products, flexible films, it/services, surface technologies and precision components, developing innovative industrial products and technological solutions for international companies from trade and industry. As a result of our dedicated long-term business strategy, we serve a number of attractive niche markets with sustainable growth potential. Our focus is to develop market-leading specialized high-margin industrial product lines within these segments. As a reliable partner in the context of succession planning, we also acquire attractively positioned medium-sized family companies with a view to strengthening our existing segments or developing new ones. Holders of KAP shares benefit from our company's growth trajectory and continuous dividend policy.
This publication constitutes neither an offer to sell nor a solicitation to buy securities.
This document may not be published, distributed or transmitted in the United States, Canada, Australia or Japan. This document does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities (the “Securities”) of KAP AG (the “Company”) in the United States, Germany or any other jurisdiction. The Securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The Securities of the Company have not been, and will not be, registered under the Securities Act. Any sale in the United States of the securities mentioned in this communication will be made solely to “qualified institutional buyers” as defined in, and in reliance on, Rule 144A under the Securities Act.
In the United Kingdom, this document is only being distributed to and is only directed at persons who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”), or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.) (all such persons together being referred to as “Relevant Persons”). This document is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.