DGAP-News: ADC African Development Corporation GmbH&Co. KGaA: Rights offer on bonds 2012/2015 to commence in calendar week 19 ++ Details on exercising rights to be provided by custodian banks
(firmenpresse) - DGAP-News: ADC African Development Corporation GmbH&Co. KGaA / Key
word(s): Miscellaneous
ADC African Development Corporation GmbH&Co. KGaA: Rights offer on
bonds 2012/2015 to commence in calendar week 19 ++ Details on
exercising rights to be provided by custodian banks
04.05.2012 / 20:00
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To finance further acquisitions, ADC African Development Corporation (ADC),
ISIN DE000A1E8NW9, a fast growing pan-African banking group focusing on the
frontier markets in sub-Saharan Africa announced the issuance of a warrant
bearing bond with a volume of up to EUR 40 million on 17 April 2012. The
bond will have a duration of 3 years with a fixed interest rate of 6 % per
annum and will include up to 2.0 million warrants entitling the holders to
subscribe to up to 2.0 million new ordinary registered shares of the
company at a share price of EUR 14.00.The rights offer to existing
shareholders of the company will be published in the German federal
gazette (Bundesanzeiger) next week.
After the publication in the German federal gazette (Bundesanzeiger), our
shareholders will be able to log on to our website
www.african-development.com and download the complete documentation on the
bonds 2012 including the terms and conditions thereof.
After the commencement of the subscription period, our shareholders will
receive further instructions through their custodian bank on exercising
their subscription rights and issuing the bonds.
About ADC
ADC African Development Corporation, ISIN DE000A1E8NW9 (ticker symbol:
AZC.GR), a member of the Angermayer, Brumm&Lange Group
(www.abl-group.de), was established in September 2007 and aims to become
one of the leading banking groups in sub-Saharan Africa, active in
corporate and retail banking as well as insurance business and proprietary
investments. ADC also provides high level advisory services to
international clients who wish to pursue investment and business
opportunities in the highly attractive African growth markets. The
company's success is primarily due to its local management team, which
follows international best practice principles to further develop its
operational companies and implements conventional international processes
to increase their profitability. As the second international emerging
market investor in the world, ADC was integrated into the insurance
solution offered by the Multilateral Investment Guarantee Agency ('MIGA'),
a member of the World Bank Group, primarily due to its strong operational
approach and adherence to the highest ethical standards. This insurance
offers protection against a variety of political risks, in particular the
risk of radical political change.
Contact:
Investor Relations
investor-relations(at)african-development.com
T +49 69 719 12 80 119
End of Corporate News
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04.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: ADC African Development Corporation GmbH&Co. KGaA
Grüneburgweg 18
60322 Frankfurt/Main
Germany
Phone: +49 69 719 12 80 00
Fax: +49 69 719 12 80 011
E-mail: info(at)african-development.com
Internet: www.african-development.com
ISIN: DE000A1E8NW9
WKN: A1E8NW
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf
End of News DGAP News-Service
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