Capital increase successfully completed – new shares are traded from today
The proceeds of the capital increase go directly to the reimbursement of the stabilization funds of the German Economic Stabilization Fund (ESF)
Full refund and cancellation of ESF Silent Participations I and II scheduled before the end of the year
With the finalization of the capital increase today, Deutsche Lufthansa AG has fully reimbursed the amount of 1.5 billion euros withdrawn from the silent participation I of the Economic Stabilization Fund of the Federal Republic of Germany (ESF) . With this, Deutsche Lufthansa AG settled a large part of the currently outstanding stabilization measures of the ESF. The repayment was made much earlier than initially expected.
The gross proceeds of the capital increase amounted to 2.162 billion euros. The new shares have been traded on the Frankfurt Stock Exchange since today. The capital increase is therefore carried out.
Carsten Spohr, CEO of Deutsche Lufthansa AG, says:
âWe are very grateful that Deutsche Lufthansa AG has been stabilized with tax money in the most difficult times. This has made it possible to preserve more than 100,000 jobs and to secure them for the future. Today, we are keeping our promise and repaying a large part of the stabilization funds sooner than planned. We are more and more confident in the future. More and more countries are opening their borders and the demand for air travel, especially from business travelers, is increasing every day. Nevertheless, the airline environment remains difficult. This is why we are systematically pursuing our transformation. Our goal remains unchanged: the Lufthansa group will continue to defend its position among the world’s top 5 airline groups.
Following today’s reimbursement of Silent Participation I, the Company also intends to fully reimburse Silent Participation II of â¬ 1 billion before the end of 2021 and to terminate the unused portion of Silent Participation I as well. before the end of 2021. A KfW loan of 1 billion euros has already been repaid earlier than expected (February 2021). The ESF, which now holds 14.09% of the capital, has undertaken not to sell any shares in the company within six months of the completion of the capital increase. However, the transfer of the participation must be carried out no later than 24 months after the completion of the capital increase, provided that the Company has reimbursed Silent Participations I and II as planned and that the contractual conditions are met.
This advertisement may not be, directly or indirectly, posted, distributed or transmitted in the United States, Canada, Australia or Japan or in any other jurisdiction in which distribution or broadcast would be illegal. This announcement does not contain or constitute an offer or the solicitation of an offer to buy or subscribe for securities from any person in the United States, Australia, Canada, Japan or in any jurisdiction to which or in which a such offer or solicitation is illegal.
This press release does not constitute an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the âSecurities Actâ) . There will be no public offering of the securities in the United States of America.
Subject to certain exceptions, the securities referred to herein may not be offered or sold in the United States, Australia, Canada or Japan or to, or on behalf of or for the benefit of, any national, resident or citizen of the States. -United, Australia, Canada or Japan.
This announcement does not constitute an offer to sell or a solicitation to buy any securities. Any offer is made exclusively by means of and on the basis of a prospectus to be published in Germany, supplemented by additional information relating to the offer outside Germany. The prospectus will be available free of charge from Deutsche Lufthansa Aktiengesellschaft, Venloer StraÃe 151-153, 50672 Cologne, Germany, or on the website of Deutsche Lufthansa Aktiengesellschaft at www.lufthansagroup.com/capital-increase.;
In the United Kingdom, this announcement is only being disseminated and directed to persons who (i) are qualified investors as defined in Regulation (EU) 2017/1129 as it is part of domestic law under European Union (Withdrawal) Act 2018, (ii) are investment professionals falling under section 19 (5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the ” Order â), or (iii) are persons falling under Article 49 (2) (a) to (d) of the Ordinance (wealthy companies, unincorporated associations, etc.) (all such persons being designated together as the âData Subjectsâ). This announcement is addressed only to Relevant Persons and should not be interpreted or relied upon by people who are not Relevant Persons. Any investment or investment activity to which this announcement relates is only accessible to Relevant Persons and will only be undertaken with Relevant Persons.
This announcement contains certain “forward-looking statements”. Forward-looking statements are sometimes, but not always, identified by the use of a date in the future or of words such as “will”, “anticipate”, “objectives”, “could”, “could”, “should” , “” Expects “,” believes “,” intends “,” plans “,” prepares “or” targets “(including in their negative form or other variations). By their nature, forward-looking statements are inherently predictive, speculative, and involve risks and uncertainties as they relate to events and depend on circumstances which may or may not occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. All subsequent written or oral forward-looking statements attributable to the Company or any person acting on their behalf are expressly qualified in their entirety by the factors mentioned above. No guarantee can be given that the forward-looking statements contained in this announcement will come true. All forward-looking statements are made as of the date of this announcement. The Company assumes no obligation to update any forward-looking statements. In addition, it should be noted that all forward-looking statements speak only as of the date of this press release and that neither the Company nor the Underwriters (the âUnderwritersâ) assume any obligation, except as required by law. ‘requires, to update any forward-looking statement. or to conform such statement to actual events or developments.
Each of the Company and the Underwriters and their respective affiliates expressly disclaims any obligation or commitment to update, review or revise any forward-looking statement contained in this press release, whether as a result of new information, developments future or otherwise.
Each of the Underwriters acts exclusively for the Company and no one else in connection with the potential capital increase. They will not regard any other person as their respective clients with respect to the potential capital increase and shall not be liable to anyone other than the Company for providing the protections afforded to their respective clients, nor for providing advice regarding the potential capital increase. , the content of this announcement or of any transaction, arrangement or other matter mentioned herein.
In connection with the sale of the shares, the underwriters and one of their affiliates may take part of the securities in the offering as their principal title and, as such, may hold, buy, sell, offer to sell for their own account, such shares and other securities of the Company or related investments in connection with sale or otherwise. Accordingly, references in this announcement to shares sold, offered, subscribed, acquired, placed or otherwise dealt with should be read to include any issue or offer to, or subscription, acquisition, placement or transaction by any of the Underwriters and any of their affiliates acting in this capacity. In addition, one of the Underwriters and one of their affiliates may enter into financing arrangements (including swaps or contracts for difference) with related investors with whom the Underwriters and one of their affiliates may from time to time acquire, hold or dispose of securities of the Company. The Underwriters do not intend to disclose the extent of any such investments or transactions other than in accordance with any legal or regulatory obligation to do so.
None of the Underwriters or any of their respective directors, officers, employees, advisers or agents accepts any liability or obligation whatsoever for or makes any representation or warranty, express or implied, as to the truthfulness, accuracy or completeness of the information contained in this advertisement. (or if information has been omitted from the advertisement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in visual or electronic form, and in any way transmitted or made available or for any loss in any way arising out of any use of this advertisement or its content or arising in any other way in connection therewith.
This announcement also contains certain financial measures that are not recognized by International Financial Reporting Standards (âIFRSâ). These non-IFRS measures are presented because the Company believes they and similar measures are widely used in the markets in which it operates as a means of assessing the operating performance and funding structure of a business. They may not be comparable to other measures with the same name of other companies and are not measures under IFRS or other generally accepted accounting principles.
This announcement does not claim to contain all the information necessary to assess Deutsche Lufthansa Aktiengesellschaft and / or its respective financial situation. Financial information (including percentages) has been rounded according to established business standards. Certain market data regarding Deutsche Lufthansa Aktiengesellschaft included in this announcement comes from third party sources. Third-party industry publications, studies and surveys generally indicate that the data they contain has been obtained from sources believed to be reliable, but that there is no guarantee as to the fairness, quality , the accuracy, relevance, completeness or sufficiency of this data. These research and estimates, as well as their methodology and underlying assumptions, have not been verified by any independent source for their accuracy or completeness and are subject to change without notice. Accordingly, Deutsche Lufthansa Aktiengesellschaft expressly disclaims any liability for this information and one should not place undue reliance on this data.
Deutsche Lufthansa AG published this content on October 11, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on October 11, 2021 04:51:05 PM UTC.