31.10.10
Logwin AG resolves on capital increase
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.
More information about Logwin AG.
Contact:
Mara Hancker
Public Relations
Phone: +352 719690-1353
Fax: +352 719690-1359
pr-info@logwin-logistics.com
Peer Brauer
Investor Relations
Phone: +352 719690-1112
Fax: +352 719690-1359
ir-info@logwin-logistics.com
Logwin AG | ZIR Potaschberg | 5, an de Laengten | 6776 Grevenmacher | Luxembourg | www.logwin-logistics.com
