Free Float of Heidelberg Will Increase Significantly Above 20 Percent
05/17/2001
Today RWE AG offers up to 5,275,000 shares of Heidelberger
Druckmaschinen AG for sale by means of an Accelerated International
Tender.
The transaction will focus on national and international institutional investors and will be offered through Commerzbank AG and Merrill Lynch. In addition Commerzbank has made available a greenshoe option of an additional 775,000 shares.
This transaction will increase the free float of Heidelberg significantly above 20 percent. RWE has agreed not to sell any additional shares of Heidelberg for the next 180 days.
On March 27, 2001 the Supervisory Board of RWE had decided to sell up to 6,15 percent of its 56,15 percent stake in Heidelberg.
For further information:
Heidelberger Druckmaschinen AG
Corporate Communications
Thomas Fichtl
Tel.: +49 (0)6221 92 47 47
Fax: +49 (0)6221 92 50 69
E-Mail: thomas.fichtl@heidelberg.com
The transaction will focus on national and international institutional investors and will be offered through Commerzbank AG and Merrill Lynch. In addition Commerzbank has made available a greenshoe option of an additional 775,000 shares.
This transaction will increase the free float of Heidelberg significantly above 20 percent. RWE has agreed not to sell any additional shares of Heidelberg for the next 180 days.
On March 27, 2001 the Supervisory Board of RWE had decided to sell up to 6,15 percent of its 56,15 percent stake in Heidelberg.
For further information:
Heidelberger Druckmaschinen AG
Corporate Communications
Thomas Fichtl
Tel.: +49 (0)6221 92 47 47
Fax: +49 (0)6221 92 50 69
E-Mail: thomas.fichtl@heidelberg.com
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