Offset Printing

Heidelberg arrives at settlement with former Linotype-Hell AG shareholders

Tuesday 05. April 2011 - • Applicants to receive Heidelberg shares from authorised capital • Capital increase of up to 2 percent of share capital envisaged

On 30 March 2011, Heidelberger Druckmaschinen AG (Heidelberg) arrived at an amicable settlement with former Linotype-Hell AG shareholders ending the several years of legal dispute. In the context of a court settlement, the parties agreed that the former Linotype-Hell shareholders will be granted a supplementary payment. It will be made in the form of Heidelberg shares.
The settlement amount totalling approximately EUR 12.2 million will be paid with Heidelberg shares. The company plans to issue these shares from the authorised stock via a capital increase in June this year. The exact number of shares to be issued in the capital increase will depend on the number of former Linotype-Hell shareholders participating in the settlement and on the share price in a reference period preceding the capital increase.
Overall, Heidelberg has authorised capital of 10 percent of its share capital at its disposal. The company expects, however, that only a small portion of this authorised capital must be used to reach the settlement amount. As at the end of March, it would correspond to approximately four million new shares, i.e. approximately 1.7 percent of all outstanding shares. The current number of Heidelberg shares is 233,330,302.