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Hapag-Lloyd successfully completes capital increase

Gross proceeds of approximately €352 million (approx. $414 million) from the issuance of 11.7 million new no-par value shares / 96.5% of the existing shareholders exercised their subscription rights / Shareholder structure strengthened.

Hapag-Lloyd has successfully completed the capital increase with subscription rights agreed upon on 28th September 2017. By partially utilising the authorised capital, the gross issue proceeds amount to approximately €352 million (approx. $414 million). 96.5% of the existing shareholders exercised their subscription rights. A total of 11,717,353 new no-par value shares were placed at a subscription price of €30.00 each. As a result, the Company's share capital will be increased to €175,760,293.00. The new shares will carry full dividend rights as of 1st January 2017. The registration of the capital increase with the commercial register of the local court (Amtsgericht) of Hamburg took place on 17th October 2017 and the new shares are expected to be included in the existing quotation on the Frankfurt and Hamburg Stock Exchanges on 20th October 2017. Hapag-Lloyd AG will use the proceeds primarily for the repayment of debts as well as for general corporate purposes.

The capital increase was backstopped in full by Hapag-Lloyd’s main shareholders CSAV Germany Container Holding GmbH, Kuehne Maritime GmbH, Qatar Holding Germany GmbH and The Public Investment Fund of the Kingdom of Saudi Arabia. The main shareholders have committed to purchase any new shares that have not been subscribed for in the subscription offer at the subscription price.

 

“We are pleased with the high level of demand for our shares,” said Rolf Habben Jansen, CEO of Hapag-Lloyd AG, following the successful completion of the capital increase. “We would like to thank all our shareholders for their confidence. We see this as an encouragement to continue to rigorously pursue our strategic and operative objectives.”