31.10.10
Ad hoc: Logwin AG resolves on capital increase
Ad hoc notification pursuant to Section 15 of the German Securities Trading Act (Wertpapierhandelsgesetz)
Grevenmacher (Luxembourg) – Logwin AG’s Board has passed a resolution today to increase the share capital against cash contribution partially utilising the authorised capital. The share capital will be increased through the issuance of 34,782,609 new bearer shares.
Pre-emptive rights in respect of the new shares have been excluded. The new shares will be subscribed by DELTON Vermögensverwaltung AG, Bad Homburg, at an issue price of EUR 1.15 per new share.
The proceeds generated in connection with the capital increase amount to EUR 40 million. Logwin AG intends to use the proceeds from the capital increase, together with an additional amount of EUR 25 million from available cash, to partially redeem the senior subordinated notes issued by Logwin AG in December 2004. As a result of such redemption, the aggregated nominal amount of the senior subordinated notes in the amount of EUR 130 million will be reduced to EUR 65 million. The partial redemption of the senior subordinated notes is expected to occur in mid December 2010.
A corresponding redemption notice will be published shortly.
About Logwin AG
As an external partner, Logwin AG, Grevenmacher (Luxembourg), develops a comprehensive range of logistics and service solutions for trade and industry. In 2009, the group generated sales of 1.1 billion euros and currently employs approximately 5,500 staff. Logwin operates in all main markets worldwide and has locations across all continents. With its two business segments Solutions (customer-focused contract logistics solutions) and Air + Ocean (global air and sea freight activities), Logwin AG is one of the leaders in the market.
Logwin AG is listed in the Prime Standard of the Deutsche Börse. The majority shareholder is DELTON AG, Bad Homburg (Germany).
Your contact at Logwin:
Peer Brauer
Investor Relations
Tel: +352 719 690 1351
Fax: +352 719 690 1359
ir-info@logwin-logistics.com
Logwin AG | ZIR Potaschberg | 5, an de Laengten | 6776 Grevenmacher | Luxembourg
