Brief: Talanx Initiates Capital Increase Of Up To EUR 300 Mln Against Cash Contributions

Talanx AG

19/09/2023 16:50

Sept 19 (Reuters) - TALANX AG  TLXGn.DE :
    * ANNOUNCES CASH CAPITAL INCREASE BY WAY OF AN ACCELERATED
BOOKBUILDING PROCESS
    * TODAY INITIATED A CAPITAL INCREASE OF UP TO EUR 300
MILLION
AGAINST CASH CONTRIBUTIONS BY PARTIALLY UTILIZING AUTHORIZED
CAPITAL TO INCREASE FREE FLOAT
    * PROCEEDS WILL FURTHER ENHANCE ALREADY SOLID CAPITALIZATION
OF
GROUP TO SUPPORT FURTHER ORGANIC AND INORGANIC GROWTH IN LINE
WITH DISCIPLINED APPROACH FOR EXECUTION OF STRATEGIC
ACQUISITIONS.
    * PRIMARY SHARES WILL CARRY FULL DIVIDEND RIGHTS FOR CURRENT
FINANCIAL YEAR FROM 1 JANUARY 2023
    * TALANX IS REAFFIRMING ITS EARNINGS GUIDANCE FOR CURRENT
YEAR AS
WELL AS ITS MEDIUM-TERM GOALS, ALSO ON BASIS OF INCREASED EQUITY
BASE GOING FORWARD.
    * MAJORITY SHAREHOLDER OF TALANX AG, HDI V.A.G., CURRENTLY
LARGEST
SHAREHOLDER OF COMPANY WITH 78.9 %, HAS DECIDED TO OFFER FOR
SALE ADDITIONAL TALANX SHARES IN AMOUNT OF UP TO EUR 100 MILLION
(APPROX. 0.6 % OF CURRENT SHARE CAPITAL) FROM ITS OWN HOLDINGS (
"SECONDARY SHARES") IN ORDER TO FURTHER ENHANCE FREE FLOAT

Source text for Eikon:  ID:nEQ48MZvQa 
Further company coverage:  TLXGn.DE 

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