Capital News
Deutsche Euroshop is undertaking a capital-stock increase by some 4% of the registered capital. The company’s registered capital is to be increased ex rights, partly by making use of the authorized capital, by €1.78 million, plus shares against contributions in kind. For this, various owners would be bringing shares in shopping centres in Wuppertal and Dresden into the real-estate firm specializing in shopping centres, retroactively to 1 July. After registration of the capital-stock increase, the number of issued shares will rise to 45,894,578.
Deutsche Telekom, as already announced, will after presentation of the business result for the second quarter, start as from 10 August and until the end of the year buying back its own shares, up to a purchase price of a total of €400 million. On the basis of the closing price on 26 July, this would correspond to some 39 million shares or 0.9% of the registered capital. The DAX group committed itself in February to a minimum dividend per share for the business years 2010 to 2012 of €0.70, as well as to additional share buybacks in order to keep the distributed amount on average at €3.4 billion.
The Heidelberger Druckmaschinen shareholders agreed at the AGM on 29 July to a rights-issue capital increase. This should let the struggling printing-press maker, which had to be saved from collapse by state aid of €850 million, to cut its bank loans from the financial restructuring package in June and August 2009 and strengthen the capital structure. In the coming six months some €420 million are to be collected on the stock exchange, with the issue of some 156,086,868 new shares. The final number of new unit shares will depend on the reference price per share.
The completion of the capital increase out of the authorized capital for 2010 announced by Phoenix Solar on 13 July has been entered in the commercial register. Up to 670,200 shares were issued ex rights, the Sulzemoos company went on to announce. The company’s registered capital has been increased to €7,372,700.00. The gross proceeds on the issue, of €21.45 million, are to be used to finance further growth.