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DGAP-News: Wacker Neuson SE: Family shareholders announce partial placement of shares in Wacker Neuson SE

DGAP-News: Wacker Neuson SE / Key word(s): Miscellaneous
Wacker Neuson SE: Family shareholders announce partial placement of shares in Wacker Neuson SE

03.07.2019 / 17:40
The issuer is solely responsible for the content of this announcement.


Family shareholders announce partial placement of shares in Wacker Neuson SE

Munich, July 3, 2019 - Representatives of the share pool made up of the Wacker and Neunteufel families, which holds around 63 percent of the share capital of Wacker Neuson SE, have informed Wacker Neuson SE that individual members of the family pool wish to sell part of their Wacker Neuson SE shareholding, namely up to 3,771,362 shares in total. This corresponds to approximately 5.4 percent of the share capital of the company. The shares will be placed with institutional investors through an accelerated bookbuilding, which will start today, July 3, 2019. Bankhaus Lampe will act as the sole book runner for the share placement.

The partial sale of shares was prompted by an asset diversification strategy and proactive inheritance plans executed by the family members in question. At the same time, Wacker and Neunteufel family shareholders remain committed in the long term to the company and intend to continue to hold the majority shareholding in the company through the existing family pool. Further information on the pool agreement is available on page 84 of the 2018 Annual Report.

Execution of the planned sale would reduce the portion of shares held by the Wacker and Neunteufel family share pool from around 63 percent to around 58 percent. The free float would accordingly increase to as much as 42 percent of the share capital of Wacker Neuson SE.

Martin Lehner, CEO of Wacker Neuson SE, welcomes the family shareholders' decision: "The free float increase would clearly raise the visibility of our company on the capital market. At the same time, we continue to benefit from a solid bedrock of shareholders from the founder families with their long-term focus on company development."

Your contact:
Christopher Helmreich
Head of Investor Relations
Wacker Neuson SE
Preussenstrasse 41
80809 Munich, Germany
Tel.: +49 - (0)89 - 354 02 - 427



About Wacker Neuson Group
The Wacker Neuson Group is an international family of companies and a leading manufacturer of light and compact equipment with over 50 affiliates and 140 sales and service stations. The Group offers its customers a broad portfolio of products, a wide range of services and an efficient spare parts service. The product brands Wacker Neuson, Kramer and Weidemann belong to the Wacker Neuson Group. Wacker Neuson is the partner of choice among professional users in construction, gardening, landscaping and agriculture, as well as among municipal bodies and companies in industries such as recycling, energy and rail transport. In 2018, the Group achieved revenue of EUR 1.71 billion, employing more than 6,000 people worldwide. Wacker Neuson SE shares are listed on the regulated Prime Standard segment of the Frankfurt Stock Exchange (ISIN: DE000WACK012, WKN: WACK01) and the SDAX index of the German stock exchange.



03.07.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Wacker Neuson SE
Preußenstr. 41
80809 München
Germany
Phone: +49 - (0)89 - 354 02 - 0
Fax: +49 (0)89 354 02 - 298
E-mail:
Internet:
ISIN: DE000WACK012
WKN: WACK01
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 835765

 
End of News DGAP News Service

835765  03.07.2019 

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03/07/2019

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