- Broad placement of Deutsche Beteiligungs AG shareholding
- Free float extended from 38.5% to 52.4%
Freudenstadt, 2 March 2005. schlott gruppe Aktiengesellschaft was today informed by Deutsche Beteiligungs AG that the latter had successfully executed the placement of its direct holding in schlott gruppe, encompassing a total of 863,216 shares.
Thus, Deutsche Beteiligungs AG, having already disposed of its indirect shareholding recently, has now sold its entire investment in schlott gruppe. The stock placement to a broad range of institutional investors was managed by Sal. Oppenheim jr. & Cie. KGaA and Landesbank Baden-Württemberg (LBBW). The transaction was well received by international institutional investors.
Member of the Management Board Dr. Uwe Hack is satisfied with the placement: “Over the last few weeks, we have been able to carry out stock placement transactions covering a total of 21 per cent of schlott gruppe’s share capital, without any detrimental effects on our share price. This clearly shows the appeal of our shares to those operating within the capital markets. One of the prime objectives was to strengthen our positioning vis-à-vis private shareholders as well as institutional investors. Having placed the first part of the stake with private investors, the current transaction focussed on institutional investors.”
The Management Board and Supervisory Board wish to express their gratitude to Deutsche Beteiligungs AG for the committed support and cooperation over the past years.
