Heidelberger Druckmaschinen : Heidelberg completes capital increase – Masterwork from China becomes a further strategic anchor shareholder
March 25, 2019 at 12:00 pm EDT
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Cash capital increase of 25,743,777 shares from authorized capital completed
Masterwork Group Co., Ltd. obtains shareholding of around 8.5 percent in Heidelberg
Increase in shareholder's equity set to strenghten Heidelberg balance sheet
Collaboration in growing packaging printing segment taken to next level
Amounting to around 9.2 percent of the existing share capital, the cash capital increase decided on by the Management Board and Supervisory Board of Heidelberger Druckmaschinen AG (Heidelberg) in March 2019 took place on March 22, 2019, with Masterwork Group Co., Ltd. as a further strategic anchor investor. Based on the agreed issue price of €2.68 per share, this represents an inflow of capital amounting to some €69 million (before transaction costs). The company's new share capital has been increased to €779,466,887.68, distributed across 304,479,253 no-par shares.
The capital increase has gained Heidelberg another strategic anchor shareholder with a long-term investment horizon that now holds around 8.5 percent of the company's shares. As well as improving shareholder's equity, the new funds are primarily to be used to accelerate the company's digital agenda (digitizing products, processes, and business models, for example) and for general business financing. Taking the collaboration with Masterwork, which dates back to 2014, to the next level is also designed to open up further potential in the growing packaging printing segment, especially in China - the world's largest individual market.
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Heidelberger Druckmaschinen AG published this content on 25 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 March 2019 15:59:04 UTC
Heidelberger Druckmaschinen AG is a Germany-based company that develops, produces and distributes technology for commercial and packaging printing. It has three segments: Heidelberg Equipment, comprising new machinery business; Heidelberg Services, entailing services, consumables, spare parts and remarketed equipment business, and Heidelberg Financial Services, including sales financing businesses. Within the business segments the Company is divided into three business areas: the Sheetfed Business Area, containing finishing machinery for packaging printing in addition to sheetfed offset printing presses for small, medium and large format classes; the Consumables and Computer-to-plate (CTP) business area, where it bundles consumables and prepress equipment, and the Service and Service Parts business area, that supplies service parts to customers in addition to printing press maintenance. It is also engaged in the manufacture of printing inks via its subsidiary, Blueprint Products NV.