PRESS RELEASE : KION GROUP AG successfully completes capital increase

 
 DGAP-News: KION GROUP AG / Key word(s): Capital Increase/Corporate Action 
KION GROUP AG successfully completes capital increase (news with additional 
features) 
 
2020-12-04 / 11:00 
The issuer is solely responsible for the content of this announcement. 
 
_NOT FOR DISTRIBUTION, PUBLICATION, OR FORWARDING - EITHER INDIRECTLY OR 
DIRECTLY - IN OR WITHIN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, 
JAPAN, OR ANY OTHER COUNTRIES IN WHICH SUCH PUBLICATION MAY BE UNLAWFUL_ 
 
*KION GROUP AG successfully completes capital increase * 
 
- *Capital increase fully placed* 
 
*- 95.8% of subscription rights were exercised* 
 
*- 4.2% sold via bookbuilding * 
 
*- Gross issue proceeds of around &euro813 million* 
 
*- Proceeds expected to strengthen the KION Group's financial position and 
comprehensively support the path of growth enshrined in the 'KION 2027' 
strategy * 
 
*- 13,108,647 new shares issued, equivalent to approximately 11 percent of 
the current share capital* 
 
Frankfurt am Main, December 4, 2020 - KION GROUP AG has very successfully 
completed the capital increase by way of a rights issue that it had 
announced on November 18, 2020. "The fact that take-up of the new shares was 
so good underlines the confidence that shareholders and the capital markets 
have in our corporate strategy 'KION 2027'," says Anke Groth, Chief 
Financial Officer of KION GROUP AG. 
 
The gross proceeds from the capital increase amount to approximately 
&euro813 million. This represents another significant step in strengthening 
the KION Group's financial position and flexibility and preparing it for 
growth under its KION 2027 strategy after the COVID-19 pandemic. The total 
of 13,108,647 new shares - approximately 11 percent of the existing share 
capital - were offered to the shareholders of KION GROUP AG (subject to 
certain restrictions) as part of a rights issue for subscription in the 
period from November 20 through December 3, 2020 at a ratio of one new share 
for every nine existing shares. The subscription price was &euro62.00 per 
new share. Weichai Power (Luxembourg) Holding S.à r.l., the anchor 
shareholder of KION GROUP AG, exercised its subscription rights in full. 
551.207shares that remained unsubscribed were placed with qualified 
institutional investors on December 4, 2020 as part of an accelerated 
bookbuilding process in accordance with the applicable securities 
legislation. 
 
The proceeds from the capital increase are initially to be used in full to 
reduce the KION Group's level of indebtedness. Once it has received the 
proceeds from the offering, the KION Group also expects to be able to 
terminate the syndicated revolving credit facility that it had agreed with 
its core group of banks under the participation of Kreditanstalt für 
Wiederaufbau (KfW) in May of this year. 
 
"The successfully completed capital increase further strengthens our balance 
sheet. From this stronger financial position, we want to forge ahead with 
our innovative business activities," says Gordon Riske, Chief Executive 
Officer of KION GROUP AG. The capital increase is intended to enable further 
steps to be taken as part of the long-term "KION 2027" strategy, such as 
expansion in China, new product development, a focus on software solutions 
as well as KION's continued efforts to improve efficiency. 
 
The capital increase needs to be registered with the commercial register in 
order to take effect, which the Company will apply for shortly. The new 
shares are planned to be admitted to trading on or about December 7, 2020 
and to be included in the existing quotation in the segment of the Regulated 
Market with additional post-admission obligations (Prime Standard) of the 
Frankfurt Stock Exchange on or about December 8, 2020. The new shares carry 
full dividend rights from January 1, 2020. 
 
The Company 
 
The KION Group is one of the world's leading providers of industrial trucks 
and supply chain solutions. Its portfolio encompasses industrial trucks, 
such as forklift trucks and warehouse equipment, as well as integrated 
automation technology and software solutions for the optimization of supply 
chains, including all related services. Across more than 100 countries 
worldwide, the KION Group's solutions improve the flow of material and 
information within factories, warehouses, and distribution centers. The KION 
Group, which is included in the MDAX, is the largest manufacturer of 
industrial trucks in Europe and the second largest worldwide in terms of 
units sold in 2019. It is also a leading provider of warehouse automation 
based on revenue in 2019. 
 
The KION Group's world-renowned brands are well established. Measured by 
revenue in 2019, Dematic - the newest addition to the KION Group - is the 
global leader in warehouse automation, providing a broad range of 
intelligent supply chain and automation solutions. The Linde and STILL 
brands serve the premium industrial truck segment. Baoli focuses on 
industrial trucks in the value segment. Among KION's regional industrial 
truck brand companies, Fenwick is the leading material handling supplier in 
France. 
 
With an installed base of more than 1.5 million industrial trucks and over 
6,000 installed systems, the KION Group's customers include companies of 
various sizes in numerous industries on six continents. The Group currently 
has more than 35,000 employees and generated revenue of &euro8.8 billion in 
2019. 
 
_Current KION Group images can be found in our image database at 
_https://mediacenter.kiongroup.com/categories [1] _and on the websites of 
our various brands_. 
 
(fgr) 
 
Disclaimer 
 
This publication is not an offer or a solicitation to buy or subscribe to 
securities in the United States of America ('USA'), in Australia, Canada, 
Japan, or other jurisdictions in which an offer is prohibited by law. 
 
This publication and the information contained herein are for information 
purposes only and do not constitute a prospectus nor do they contain an 
offer to sell securities in the USA or a solicitation of an offer to buy 
securities in the USA. None of the securities referred to herein have been 
nor will they be registered in accordance with the provisions of the U.S. 
Securities Act of 1933, as amended ('U.S. Securities Act') or in accordance 
with the applicable laws in any federal state of the United States of 
America. Without such registration, these securities may not be offered, 
sold, or in any other way transferred, with the exception of securities that 
are offered and sold pursuant to an exemption from the registration 
requirements of the U.S. Securities Act. If a public offer of securities 
were to take place in the USA, this would be carried out by means of a 
prospectus approved by the U.S. Securities and Exchange Commission (the 
'SEC') and available from KION GROUP AG (the 'Company') that contained 
detailed information about the Company and its management, and financial 
information. Neither the Company nor any of its shareholders intends to 
register the shares referred to herein in the USA. There will be no public 
offering in the USA and any prospectus will not be approved by the SEC. 
 
This publication does not constitute an offer to sell nor a solicitation to 
buy any securities. The subscription period for the securities referred to 
herein has ended. 
 
No money, securities, or other consideration is being solicited and, if sent 
in response to the information contained herein, will not be accepted. 
 
This document is not a prospectus nor an offer of securities to the public 
in the United Kingdom to which section 85 of the UK Financial Services and 
Markets Act 2000 applies, and must not be construed as a recommendation to 
any person to subscribe or to buy securities under the offer. This document 
will be sent only to: (i) persons outside the United Kingdom; (ii) persons 
who are investment professionals as defined in Article 19(5) of the UK 
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as 
amended) (the 'Order'); or (iii) high net worth companies, unincorporated 
associations and other bodies that are covered by Article 49(2)(a) to (d) of 
the Order (the aforementioned persons also referred to as 'Relevant Persons' 
below). Any person who is not a Relevant Person must not act or rely on this 
release or its contents. Any investment or investment activity to which this 
release relates will be available only to Relevant Persons and will be 
engaged in only with Relevant Persons. This document (or parts thereof) must 
not be published, reproduced, distributed, or otherwise made available to 
third parties without the prior consent of the Company. 
 
This document contains forward-looking statements. These statements reflect 
the current views, expectations, and assumptions of the Company's management 
and are based on information available to the management at the present 
time. Forward-looking statements are subject to known and unknown risks and 
uncertainties and contain no guarantee of future performance and 
developments. The actual future performance and developments may vary 
significantly from the expectations and assumptions expressed herein due to 
a variety of factors including, but not limited to, changes in the general 
economic situation and the competitive situation in the market (including 
due to the COVID-19 pandemic). Developments in the financial markets and 
exchange rate fluctuations, changes to national and international laws, 
particularly with regard to tax rules, and other factors may also influence 
the future performance and developments of the Company. Neither the Company 
nor any company affiliated with it assumes any obligation to update the 
statements contained in this release. 
 
Further information for the media 
 
Michael Hauger 
Senior Vice President Corporate Communications 
Tel: [phone] 
Cell: [phone] 
[e-mail] 
 
Frank Grodzki 
Senior Director External Communications & Group Newsroom 
Tel: [phone] 
Cell: [phone] 
[e-mail] 
 

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