Extraordinary General Meeting of BAUER AG approves capital increase


EQS-News: BAUER Aktiengesellschaft / Key word(s): AG/AGE/Capital increase
BAUER Aktiengesellschaft: the extraordinary general meeting of BAUER AG approves the capital increase
18.11.2022 / 16:57 CET/EST
The issuer is solely responsible for the content of this announcement.

Schrobenhausen, Germany – The extraordinary general meeting of BAUER Aktiengesellschaft voted today with the required majority to approve the agenda item subject to resolution, thus supporting the management’s proposal.

The fundamental precondition is now met for the planned capital increase to be carried out under the conditions provided for. The share capital of the company is to be increased from its current value of EUR 111,186,566.80, divided into 26,091,781 bearer shares without nominal value, up to EUR 74,124,374.99 against contributions in cash by issuing up to 17,394,520 new bearer shares of no par value in the form of ordinary shares (with voting rights). Shareholders are granted statutory subscription rights.

As already announced, on the side of the main shareholders, Doblinger Beteiligung GmbH, which currently holds 30% of the shares and voting rights according to the latest communication on voting rights, has declared its willingness to participate significantly in the increase in capital.

SD Thesaurus GmbH, a company in which Mrs. Sabine Doblinger holds significant interests, has undertaken by a subscription and purchase agreement to acquire all the new shares which would not be obtained by the other shareholders within the framework of their subscription at the purchase price within the limit of a total amount of 70 million euros.

The Management Board does not know whether and to what extent the Bauer family, which currently owns 36.03% of the shares of BAUER AG, will exercise their subscription rights as shareholders in the context of the capital increase.

Subject to the approval of the Supervisory Board as well as all competent authorities, the subscription phase is expected to begin in December 2022, and the placement of the shares is expected to be completed in January 2023.

As part of his presentation, Michael Stomberg, CEO of BAUER AG, reported on the planned capital measure as well as the current financial year 2022 and the difficult economic and political conditions. “We are pleased that the General Meeting has approved the capital increase, which now allows us to strengthen our equity to achieve our objectives for the years to come.”

The results of the vote and the presentation of the CEO as well as other documents relating to the General Meeting are available online at http://www.bauer.de in the area of ​​investor relations.

About Bauer

The BAUER Group is a leading provider of soil and groundwater services, equipment and products. With more than 110 subsidiaries, Bauer operates a global network on all continents.

The Group’s activities are divided into three future segments with strong synergy potential: Construction, Equipment and Resources. The Construction segment offers new, innovative specialist foundation engineering services alongside established ones, and performs foundation and excavation works, cut-off walls and ground improvements worldwide. Bauer is a global market leader in the equipment segment and offers a comprehensive range of equipment for specialist foundation engineering as well as exploration, mining and natural resource exploitation. The Resources segment provides innovative products and services and acts as a service provider with several business divisions and subsidiaries in the fields of drilling and water well services, environmental services, artificial wetlands, mining mining and rehabilitation.

Bauer benefits greatly from the collaboration between its three distinct business divisions, enabling the Group to position itself as an innovative and highly specialized supplier of products and services for demanding projects in the specialist foundation engineering works and related markets. Bauer therefore offers solutions adapted to major global challenges, such as urbanization, growing infrastructure needs, the environment, water, oil and gas.

The BAUER Group was founded in 1790 and is based in Schrobenhausen, Bavaria. In 2021, it employed some 12,000 people and achieved total Group revenue of €1.5 billion. BAUER Aktiengesellschaft is listed on the Prime Standard segment of the German stock market.

More information can be found at http://www.bauer.de.

Contact:
Christopher Wolf
Investor Relations
BAUER Aktiengesellschaft
BAUER-Strasse 1
86529 Schrobenhausen, Germany
Telephone: +49 8252 97-1797
Fax: +49 8252 97-2900
[email protected]
www.bauer.de

18.11.2022 CET/CEST Broadcast of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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