DGAP-News: Heidelberg completes capital increase - Masterwork from China becomes a further strategic anchor shareholderHeidelberger Druckmaschinen AG:

·       Cash capital increase of 25,743,777 shares from authorized capital completed

·       Masterwork Group Co., Ltd. obtains shareholding of around 8.5 percent in   Heidelberg

·       Increase in shareholder's equity set to strenghten Heidelberg balance sheet

·       Collaboration in growing packaging printing segment taken to next level

Amounting to around 9.2 percent of the existing share capital, the cash capital increase decided on by the Management Board and Supervisory Board of Heidelberger Druckmaschinen AG (Heidelberg) in March 2019 took place on March 22, 2019, with Masterwork Group Co., Ltd. as a further strategic anchor investor. Based on the agreed issue price of EUR2.68 per share, this represents an inflow of capital amounting to some EUR69 million (before transaction costs). The company's new share capital has been increased to EUR779,466,887.68, distributed across 304,479,253 no-par shares.

The capital increase has gained Heidelberg another strategic anchor shareholder with a long-term investment horizon that now holds around 8.5 percent of the company's shares. As well as improving shareholder's equity, the new funds are primarily to be used to accelerate the company's digital agenda (digitizing products, processes, and business models, for example) and for general business financing. Taking the collaboration with Masterwork, which dates back to 2014, to the next level is also designed to open up further potential in the growing packaging printing segment, especially in China - the world's largest individual market.
 

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Important note:
 
This press release contains forward-looking statements based on assumptions and estimations by the Management Board of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the Management Board is of the opinion that those assumptions and estimations are realistic, the actual future development and results may deviate substantially from these forward-looking statements due to various factors, such as changes in the macro-economic situation, in the exchange rates, in the interest rates, and in the print media industry. Heidelberger Druckmaschinen Aktiengesellschaft gives no warranty and does not assume liability for any damages in case the future development and the projected results do not correspond with the forward-looking statements contained in this press release.