KUKA AG sells Treasury Shares
On the basis of the authority granted by the Annual General Meeting of April 29, 2010, the Executive Board of KUKA Aktiengesellschaft, with approval of the Supervisory Board, today resolved to sell the 1,327,340 treasury shares purchased in 2008.
11 May 2011
UniCredit Bank AG and Joh. Berenberg, Gossler & Co. KG, acting in this transaction as “Joint Bookrunner”, have committed themselves in a placement agreement concluded with the Company today, to buy 50 % each of the shares for the resale to institutional investors.
The transaction proceeds shall further strengthen the equity base of KUKA Aktiengesellschaft. After conclusion of the transaction, the company will report about the concrete proceeds received in a separate press release.
Augsburg, May 11, 2011
The Executive Board