With Peter Möhrle Holding, the family office of the Peter Möhrle family of entrepreneurs, Dr. Hönle AG has gained a new strategic investor for financing the growth of the Hönle Group.
In order to implement the participation of the new anchor shareholder, Dr. Hönle AG decided today to increase the Company's share capital by EUR 550,000 from the current level of EUR 5,512,930 to EUR 6,062,930 by issuing 550,000 new shares, making use of the Company's existing authorised capital. The capital increase will be carried out against cash contributions and under exclusion of shareholders' subscription rights. The newly issued shares correspond to 9.1 % of Dr. Hönle AG's share capital after implementation of the capital increase. The new shares will be issued at an issue price of EUR 48.20 per share in close connection with the stock exchange price and will be fully taken over by a wholly-owned subsidiary of Peter Möhrle Holding as a new anchor investor. The new shares will be entitled to a share in profits from October 1, 2019 and will be included in the existing listing on the Regulated Market of the Frankfurt Stock Exchange.
In total, the company will receive gross issue proceeds of EUR 26,510,000 from the capital increase. The proceeds are to be used to finance further growth of the Dr. Hönle Group. This also includes corporate acquisitions.
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