< back | 12.12.2017

Increased equity capital to support transformation process


Vienna, Austria, 12th December 2017 – Immediately after approval of the Supervisory Board, the Management Board of Semperit AG Holding signed an agreement regarding a hybrid capital line amounting to up to EUR 150 million with B & C Holding GmbH, a wholly-owned subsidiary of the core shareholder B & C Industrieholding GmbH today. The interest rate agreed amounts to 5.25%, the commitment fee is set at 1.75%.

The hybrid capital line is a subordinated liability with unlimited duration, which Semperit can draw in several tranches up to and including 31.12.2018 if required. A redemption right or conversion right of the creditor has not been provided for. The hybrid capital line is classified as equity according to IFRS and thus serves to strengthen the balance sheet structure of the company.

With this step, Semperit strengthens its equity in a sustainable manner and maintains the balance sheet figures, which have been negatively influenced by the current earnings situation, on a solid level. As a result, financing of the necessary investments for further organic growth and the transformation process will be secured.

“With this corporate action, the core shareholder supports the transformation process initiated by the Management Board and the Supervisory Board and emphasises its long-term commitment to Semperit. Thereby, Semperit lays the foundations for further steps of the corporate transformation,” says Veit Sorger, Chairman of the Supervisory Board of Semperit AG Holding.

Contact:
Monika Riedel
Group Head of Communications & Sustainability
+43 676 8715 8620

Stefan Marin
Head of Investor Relations
+43 676 8715 8210

www.semperitgroup.com
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About Semperit:
The publicly listed company Semperit AG Holding is an internationally-oriented group that develops, produces, and sells in more than 100 countries highly specialised rubber products for the medical and industrial sectors: examination and surgical gloves, hydraulic and industrial hoses, conveyor belts, escalator handrails, construction profiles, cable car rings, and products for railway superstructures. The headquarters of this long-standing Austrian company, which was founded in 1824, are located in Vienna. The Semperit Group employs around 6,500 people worldwide, including about 3,500 in Asia and more than 800 in Austria (Vienna and production site in Wimpassing, Lower Austria). The Group has 22 manufacturing facilities worldwide and numerous sales offices in Europe, Asia, Australia and America. In 2016 the group generated revenue of EUR 852 million and an EBITDA of EUR 78 million.


Contact

Monika Riedel
Director Group Communications and Sustainability
T +43 1 79777-620