07/06/2017 – 1 min
H&K AG: Equity Increase in H&K AG
Oberndorf a.N., July 6, 2017: The executive board of H&K AG (ISIN: DE000A11Q133 / WKN: A11Q13) announces as per Art. 17 MAR that the board of H&K AG has approved to propose a share capital increase in H&K AG, the resolution of which shall be taken during the next ordinary shareholders meeting in August 2017. The new funds from this share capital increase are expected to be no less than € 50 million, and will be passed to Heckler & Koch GmbH to contribute to the envisaged early refinancing of its 2011 9.50% Senior Secured Notes due 2018. A major shareholder of H&K AG has undertaken and secured to provide funds in the amount of € 50 million for the capital increase. H&K AG is the ultimate parent company of the Heckler & Koch Group.