10.08.2010 | HCI Capital AG - Equity base strengthened sustainably by debt-to-equity swap Hamburg, 10 August 2010 – The Management Board of HCI Capital AG – ISIN DE000A0D9Y97 – has decided today, with the approval of the Supervisory Board, to increase the Com-pany's subscribed capital from EUR 24.000,000 to EUR 29,354,116 from author-ised capital, excluding shareholders' subscription rights, by issuing 5,354,116 new no-par value registered shares for a contribution in kind. 10.08.2010HCI Capital AG - Equity base strengthened sustainably by debt-to-equity swap Hamburg, 10 August 2010 – The Management Board of HCI Capital AG – ISIN DE000A0D9Y97 – has decided today, with the approval of the Supervisory Board, to increase the Com-pany's subscribed capital from EUR 24.000,000 to EUR 29,354,116 from author-ised capital, excluding shareholders' subscription rights, by issuing 5,354,116 new no-par value registered shares for a contribution in kind. Major creditor banks have been authorised to subscribe directly and indirectly respectively for the new shares in exchange for a contribution in kind of their outstanding receivables from loan and guarantee agreements amounting to a nominal of EUR 31.5 million including interest. The debt-to-equity swap will generate a profit before tax of EUR 24.2 million for HCI Capital AG. By converting receivables against HCI Capital AG into equity, the banks are making a vital contribution to sustainably strengthening the Company's capital base. The Company expects the implementation of the capital increase to be recorded in the Register of Companies (Handelsregister) by 20 August 2010. The Company also expects that it will soon be in a position to announce its release from contingent liabilities, as stated in the ad hoc announcement dated 11 February 2010. The cancellation of these liabilities will give all banks involved a compensation claim in the aggregate amount of EUR 12.5 million. This compensation is only payable if certain earnings and liquidity thresholds are reached. Furthermore, a fee of EUR 2.7 million in total is payable immediately in exchange for the release from liabilities for all individual projects.
The Management Board
  10.08.2010HCI Capital AG - Equity base strengthened sustainably by debt-to-equity swap Hamburg, 10 August 2010 – The Management Board of HCI Capital AG – ISIN DE000A0D9Y97 – has decided today, with the approval of the Supervisory Board, to increase the Com-pany's subscribed capital from EUR 24.000,000 to EUR 29,354,116 from author-ised capital, excluding shareholders' subscription rights, by issuing 5,354,116 new no-par value registered shares for a contribution in kind. Major creditor banks have been authorised to subscribe directly and indirectly respectively for the new shares in exchange for a contribution in kind of their outstanding receivables from loan and guarantee agreements amounting to a nominal of EUR 31.5 million including interest. The debt-to-equity swap will generate a profit before tax of EUR 24.2 million for HCI Capital AG. By converting receivables against HCI Capital AG into equity, the banks are making a vital contribution to sustainably strengthening the Company's capital base. The Company expects the implementation of the capital increase to be recorded in the Register of Companies (Handelsregister) by 20 August 2010. The Company also expects that it will soon be in a position to announce its release from contingent liabilities, as stated in the ad hoc announcement dated 11 February 2010. The cancellation of these liabilities will give all banks involved a compensation claim in the aggregate amount of EUR 12.5 million. This compensation is only payable if certain earnings and liquidity thresholds are reached. Furthermore, a fee of EUR 2.7 million in total is payable immediately in exchange for the release from liabilities for all individual projects.
The Management Board
| 11.02.2010 | HCI Capital AG successfully executes agreement on restructuring conceptHamburg, 12. February 2010 - HCI Capital AG (ISIN DE000A0D9Y97) today executed a comprehensive restructuring agreement with all banks involved. Once implemented, this restructuring concept will relieve HCI Group of all material risks, and aims at securing the Group's liquidity. The agreement provides key requirements for HCI Group to return to growth once the crisis is over. 11.02.2010HCI Capital AG successfully executes agreement on restructuring conceptHamburg, 12. February 2010 - HCI Capital AG (ISIN DE000A0D9Y97) today executed a comprehensive restructuring agreement with all banks involved. Once implemented, this restructuring concept will relieve HCI Group of all material risks, and aims at securing the Group's liquidity. The agreement provides key requirements for HCI Group to return to growth once the crisis is over. The banks have declared a moratorium on any drawdowns on all of HCI Capital AG's material contingent liabilities vis-à-vis these banks until 30 September 2013. In addition, the parties intend to cancel these contingent liabilities by 28 April 2010. A EUR 22 million capital increase is planned once these contingent liabilities have been cancelled, which will also give banks a compensation claim in the aggregate amount of EUR 12.5 million, which will only become due after the complete cancellation of the contingent liabilities and is subject to achieving certain profitability and liquidity thresholds. The Management Board has undertaken to endeavour, to the extent legally permissible, that no dividends will be distributed to shareholders unless the compensation payment has been made in full. Moreover, the banks providing finance to the Group will have the option to convert their loan exposures (totalling approximately EUR 36 million) into equity, or into long-term financings. In this context, HCI Capital AG has undertaken to utilise – upon request – the existing authorised capital of EUR 6 million to the extent required (in full if necessary) to issue up to 6 million shares to the requesting banks against contribution of the respective banks' full claims against HCI Capital AG. The restructuring agreement with the banks is subject to various conditions, including the participation of the Group's two major shareholders, MPC Capital AG and Döhle Group, in the restructuring measures agreed upon. Both major shareholders have welcomed the restructuring, and have expressed their full support. HCI Capital AG therefore expects the conditions precedent for the restructuring agreement to be fulfilled. Whilst the majority of contingent liabilities will be covered by the moratorium with immediate effect, the inclusion of contingent liabilities in the amount of approx. EUR 140 million is subject to the financial restructuring of a single shipping project. The restructuring of this project has already reached an advanced stage.
The Management Board
11.02.2010HCI Capital AG successfully executes agreement on restructuring conceptHamburg, 12. February 2010 - HCI Capital AG (ISIN DE000A0D9Y97) today executed a comprehensive restructuring agreement with all banks involved. Once implemented, this restructuring concept will relieve HCI Group of all material risks, and aims at securing the Group's liquidity. The agreement provides key requirements for HCI Group to return to growth once the crisis is over. The banks have declared a moratorium on any drawdowns on all of HCI Capital AG's material contingent liabilities vis-à-vis these banks until 30 September 2013. In addition, the parties intend to cancel these contingent liabilities by 28 April 2010. A EUR 22 million capital increase is planned once these contingent liabilities have been cancelled, which will also give banks a compensation claim in the aggregate amount of EUR 12.5 million, which will only become due after the complete cancellation of the contingent liabilities and is subject to achieving certain profitability and liquidity thresholds. The Management Board has undertaken to endeavour, to the extent legally permissible, that no dividends will be distributed to shareholders unless the compensation payment has been made in full. Moreover, the banks providing finance to the Group will have the option to convert their loan exposures (totalling approximately EUR 36 million) into equity, or into long-term financings. In this context, HCI Capital AG has undertaken to utilise – upon request – the existing authorised capital of EUR 6 million to the extent required (in full if necessary) to issue up to 6 million shares to the requesting banks against contribution of the respective banks' full claims against HCI Capital AG. The restructuring agreement with the banks is subject to various conditions, including the participation of the Group's two major shareholders, MPC Capital AG and Döhle Group, in the restructuring measures agreed upon. Both major shareholders have welcomed the restructuring, and have expressed their full support. HCI Capital AG therefore expects the conditions precedent for the restructuring agreement to be fulfilled. Whilst the majority of contingent liabilities will be covered by the moratorium with immediate effect, the inclusion of contingent liabilities in the amount of approx. EUR 140 million is subject to the financial restructuring of a single shipping project. The restructuring of this project has already reached an advanced stage.
The Management Board
| 28.08.2009 | HCI Capital AG - Half-yearly result weaker in 2009 than in 2008 - Successes in restructuring talksHamburg, 28.08.2009 - HCI Capital AG (ISIN DE000A0D9Y97) will report in its half-yearly financial statements for 2009 a significantly lower consolidated first-half result after taxes than in 2008. 28.08.2009HCI Capital AG - Half-yearly result weaker in 2009 than in 2008 - Successes in restructuring talksHamburg, 28.08.2009 - HCI Capital AG (ISIN DE000A0D9Y97) will report in its half-yearly financial statements for 2009 a significantly lower consolidated first-half result after taxes than in 2008. Due mainly to market-related value adjustments on a number of investments and receivables the consolidated result after taxes for the first half of 2009 is approximately EUR -36.1 million. In the first half of 2008 the consolidated result after taxes was about EUR -18.5 million.
At the same time HCI Capital AG has today succeeded in renewing important financing agreements and in negotiating with its principal creditors a comprehensive, multi-stage restructuring concept. The objective is an exemption of the HCI Group from all of its major contingent liabilities to banks. It is subject, among other things, to all of the banks affected agreeing to the terms.
HCI Capital AG is publishing its half-yearly financial report 2009 in full today as announced.
The Management Board
28.08.2009HCI Capital AG - Half-yearly result weaker in 2009 than in 2008 - Successes in restructuring talksHamburg, 28.08.2009 - HCI Capital AG (ISIN DE000A0D9Y97) will report in its half-yearly financial statements for 2009 a significantly lower consolidated first-half result after taxes than in 2008. Due mainly to market-related value adjustments on a number of investments and receivables the consolidated result after taxes for the first half of 2009 is approximately EUR -36.1 million. In the first half of 2008 the consolidated result after taxes was about EUR -18.5 million.
At the same time HCI Capital AG has today succeeded in renewing important financing agreements and in negotiating with its principal creditors a comprehensive, multi-stage restructuring concept. The objective is an exemption of the HCI Group from all of its major contingent liabilities to banks. It is subject, among other things, to all of the banks affected agreeing to the terms.
HCI Capital AG is publishing its half-yearly financial report 2009 in full today as announced.
The Management Board
| 10.10.2008 | HCI Capital AG adjusts forecast for 2008 placements and earningsHCI Capital AG (ISIN DE000A0D9Y97), the SDAX-listed independent issuing house for closed-end funds and structured products, has reduced its forecast for placements and earnings in the 2008 financial year. In view of the serious further deterioration of the crisis affecting financial markets over recent weeks, investors have adopted a very reluctant stance, and placements have thus slowed down significantly.10.10.2008HCI Capital AG adjusts forecast for 2008 placements and earningsHCI Capital AG (ISIN DE000A0D9Y97), the SDAX-listed independent issuing house for closed-end funds and structured products, has reduced its forecast for placements and earnings in the 2008 financial year. In view of the serious further deterioration of the crisis affecting financial markets over recent weeks, investors have adopted a very reluctant stance, and placements have thus slowed down significantly.
Against this background, HCI Capital AG revised its previous sales forecast of EUR 880 million in placed equity capital, and now envisages placements to range between EUR 650 million to EUR 750 million. Accordingly, the forecast result after taxes, which had been projected to break even due to significant non-recurring charges, is now expected to show a loss between EUR 9 million and EUR 13 million.
10.10.2008HCI Capital AG adjusts forecast for 2008 placements and earningsHCI Capital AG (ISIN DE000A0D9Y97), the SDAX-listed independent issuing house for closed-end funds and structured products, has reduced its forecast for placements and earnings in the 2008 financial year. In view of the serious further deterioration of the crisis affecting financial markets over recent weeks, investors have adopted a very reluctant stance, and placements have thus slowed down significantly.
Against this background, HCI Capital AG revised its previous sales forecast of EUR 880 million in placed equity capital, and now envisages placements to range between EUR 650 million to EUR 750 million. Accordingly, the forecast result after taxes, which had been projected to break even due to significant non-recurring charges, is now expected to show a loss between EUR 9 million and EUR 13 million. | 09.09.2008 | HCI Capital AG sells its stake in Aragon AGHamburg, 9 September 2008 - HCI Capital AG (ISIN DE000A0D9Y97), the SDAX-listed independent issuing house for closed-end funds and structured products, has sold its 25%-plus-one-share investment in Aragon AG to ABL Unternehmensgruppe GmbH. The agreement, which was entered into on 19 June 2008 subject to certain conditions precedent, came into effect today. The parties have agreed not to disclose the terms of the sale. The price at which HCI Capital AG originally acquired its stake in Aragon AG was EUR 19.00 per share.09.09.2008HCI Capital AG sells its stake in Aragon AGHamburg, 9 September 2008 - HCI Capital AG (ISIN DE000A0D9Y97), the SDAX-listed independent issuing house for closed-end funds and structured products, has sold its 25%-plus-one-share investment in Aragon AG to ABL Unternehmensgruppe GmbH. The agreement, which was entered into on 19 June 2008 subject to certain conditions precedent, came into effect today. The parties have agreed not to disclose the terms of the sale. The price at which HCI Capital AG originally acquired its stake in Aragon AG was EUR 19.00 per share.
09.09.2008HCI Capital AG sells its stake in Aragon AGHamburg, 9 September 2008 - HCI Capital AG (ISIN DE000A0D9Y97), the SDAX-listed independent issuing house for closed-end funds and structured products, has sold its 25%-plus-one-share investment in Aragon AG to ABL Unternehmensgruppe GmbH. The agreement, which was entered into on 19 June 2008 subject to certain conditions precedent, came into effect today. The parties have agreed not to disclose the terms of the sale. The price at which HCI Capital AG originally acquired its stake in Aragon AG was EUR 19.00 per share.
| 08.08.2008 | HCI Capital AG adjusts 2008 earnings forecastHamburg, 8 August 2008 - HCI Capital AG (ISIN DE000A0D9Y97), the SDAX-listed independent issuing house for closed-end funds and structured products, will report a consolidated net loss after taxes of approx. EUR 18.5 million for the first six months of 2008. On 8 August 2008, the company thus decided to reduce its earnings forecast for the 2008 financial year: HCI Capital AG now expects to break even (after taxes) for the 2008 financial year. A previous forecast had projected net profit after taxes at EUR 33 million. The company envisages placing aggregate equity capital of EUR 880 million (unchanged) in 2008. 08.08.2008HCI Capital AG adjusts 2008 earnings forecastHamburg, 8 August 2008 - HCI Capital AG (ISIN DE000A0D9Y97), the SDAX-listed independent issuing house for closed-end funds and structured products, will report a consolidated net loss after taxes of approx. EUR 18.5 million for the first six months of 2008. On 8 August 2008, the company thus decided to reduce its earnings forecast for the 2008 financial year: HCI Capital AG now expects to break even (after taxes) for the 2008 financial year. A previous forecast had projected net profit after taxes at EUR 33 million. The company envisages placing aggregate equity capital of EUR 880 million (unchanged) in 2008. The lower earnings forecast was largely attributable to significant write-downs on the investment held by HCI Real Estate Finance I GmbH & Co. KG in NY Credit Operating Partnership LP, which were recognised within the scope of preparing the half-yearly financial statements as at 30 June 2008. NY Credit Operating Partnership LP, an entity holding a portfolio of US commercial real estate loans, incurred unanticipated additional losses during the second quarter of 2008. This triggered an impairment test (in accordance with IAS 39), as a result of which the investment in NY Credit Operating Partnership LP was written down by EUR 24.8 million. The charge has been recognised in full in the half-yearly consolidated financial statements of HCI Capital AG. HCI Capital AG will publish its half-yearly financial report 2008 on 13 August 2008, as scheduled. Language: German Issuer address: HCI Capital AG, Bleichenbrücke 10, 20354 Hamburg, Germany Phone / Fax: +49 40 88881-0 / +49 40 88881-199 E-mail: hci@hci-capital.de – Internet: www.hci-capital.de ISIN: DE000A0D9Y97 German Securities ID: A0D9Y9 Index: SDAX® Exchange listing: Regulated Market (Prime Standard) at the Frankfurt Stock Exchange; Regulated Market at the Hamburg Stock Exchange
08.08.2008HCI Capital AG adjusts 2008 earnings forecastHamburg, 8 August 2008 - HCI Capital AG (ISIN DE000A0D9Y97), the SDAX-listed independent issuing house for closed-end funds and structured products, will report a consolidated net loss after taxes of approx. EUR 18.5 million for the first six months of 2008. On 8 August 2008, the company thus decided to reduce its earnings forecast for the 2008 financial year: HCI Capital AG now expects to break even (after taxes) for the 2008 financial year. A previous forecast had projected net profit after taxes at EUR 33 million. The company envisages placing aggregate equity capital of EUR 880 million (unchanged) in 2008. The lower earnings forecast was largely attributable to significant write-downs on the investment held by HCI Real Estate Finance I GmbH & Co. KG in NY Credit Operating Partnership LP, which were recognised within the scope of preparing the half-yearly financial statements as at 30 June 2008. NY Credit Operating Partnership LP, an entity holding a portfolio of US commercial real estate loans, incurred unanticipated additional losses during the second quarter of 2008. This triggered an impairment test (in accordance with IAS 39), as a result of which the investment in NY Credit Operating Partnership LP was written down by EUR 24.8 million. The charge has been recognised in full in the half-yearly consolidated financial statements of HCI Capital AG. HCI Capital AG will publish its half-yearly financial report 2008 on 13 August 2008, as scheduled. Language: German Issuer address: HCI Capital AG, Bleichenbrücke 10, 20354 Hamburg, Germany Phone / Fax: +49 40 88881-0 / +49 40 88881-199 E-mail: hci@hci-capital.de – Internet: www.hci-capital.de ISIN: DE000A0D9Y97 German Securities ID: A0D9Y9 Index: SDAX® Exchange listing: Regulated Market (Prime Standard) at the Frankfurt Stock Exchange; Regulated Market at the Hamburg Stock Exchange | 08.05.2008 | Dr. Ralf Friedrichs appointed as new CEO of HCI Capital AGHamburg, 8 May 2008 - Today, the Supervisory Board of HCI Capital AG appointed Dr. Ralf Friedrichs (47) as member of the management board and new Chief Executive Officer. He will succeed Wolfgang Essing who will leave the company as of 30 June 2008. 08.05.2008Dr. Ralf Friedrichs appointed as new CEO of HCI Capital AGHamburg, 8 May 2008 - Today, the Supervisory Board of HCI Capital AG appointed Dr. Ralf Friedrichs (47) as member of the management board and new Chief Executive Officer. He will succeed Wolfgang Essing who will leave the company as of 30 June 2008.
Dr. Ralf Friedrichs joined HCI Hanseatische Schiffstreuhand GmbH in 2001 as tax advisor and became its managing director in 2003. He was a member of the management board of HCI Capital AG since its IPO in October 2005 as Chief Product Officer. Dr. Ralf Friedrichs is a profound expert in the construction of closed end funds and played a significant role in the consolidation of the market position of HCI Capital AG until his resignation from office as of 31 December 2007. By developing new segments he made a substantial contribution to the successful positioning of HCI Capital AG for the IPO.
08.05.2008Dr. Ralf Friedrichs appointed as new CEO of HCI Capital AGHamburg, 8 May 2008 - Today, the Supervisory Board of HCI Capital AG appointed Dr. Ralf Friedrichs (47) as member of the management board and new Chief Executive Officer. He will succeed Wolfgang Essing who will leave the company as of 30 June 2008.
Dr. Ralf Friedrichs joined HCI Hanseatische Schiffstreuhand GmbH in 2001 as tax advisor and became its managing director in 2003. He was a member of the management board of HCI Capital AG since its IPO in October 2005 as Chief Product Officer. Dr. Ralf Friedrichs is a profound expert in the construction of closed end funds and played a significant role in the consolidation of the market position of HCI Capital AG until his resignation from office as of 31 December 2007. By developing new segments he made a substantial contribution to the successful positioning of HCI Capital AG for the IPO. | 23.04.2008 | Changes to HCI Capital AG’s Management BoardHamburg, 23 April 2008 - Mr Wolfgang Essing, Chairman of the Management Board of HCI Capital AG, will leave the company after 30 June 2008. Mr Essing and the Supervisory Board of HCI Capital today agreed to end the duties and terminate the contract of the Chairman of the Management Board, effective after 30 June 2008.23.04.2008Changes to HCI Capital AG’s Management BoardHamburg, 23 April 2008 - Mr Wolfgang Essing, Chairman of the Management Board of HCI Capital AG, will leave the company after 30 June 2008. Mr Essing and the Supervisory Board of HCI Capital today agreed to end the duties and terminate the contract of the Chairman of the Management Board, effective after 30 June 2008.
Wolfgang Essing (43) was appointed to the Management Board of HCI Capital AG in early 2007, and was nominated Chairman of the Management Board in October of that year. He was charged with developing HCI Capital as an independent entity in a growing and increasingly competitive environment. The impending change in the shareholder structure, given the current takeover offer by MPC Capital AG, have altered parameters that he considered decisive. The company intends to appoint a successor soon.
23.04.2008Changes to HCI Capital AG’s Management BoardHamburg, 23 April 2008 - Mr Wolfgang Essing, Chairman of the Management Board of HCI Capital AG, will leave the company after 30 June 2008. Mr Essing and the Supervisory Board of HCI Capital today agreed to end the duties and terminate the contract of the Chairman of the Management Board, effective after 30 June 2008.
Wolfgang Essing (43) was appointed to the Management Board of HCI Capital AG in early 2007, and was nominated Chairman of the Management Board in October of that year. He was charged with developing HCI Capital as an independent entity in a growing and increasingly competitive environment. The impending change in the shareholder structure, given the current takeover offer by MPC Capital AG, have altered parameters that he considered decisive. The company intends to appoint a successor soon. | 06.03.2008 | HCI Capital AG: Decrease of group net income to EUR 30.6 millionDividend proposal of EUR 0.70HCI Capital AG - ISIN DE000A0D9Y97 – an S-Dax listed, non-bank-affiliated issuing house for closed-end funds and structured products generated group net income (IFRS) of about EUR 30.6 million in fiscal year 2007 (previous fiscal year EUR 39.5 million). HCI did not reach its target to generate EUR 35 million group net income due to effects, inter alia, with impact on the tax result, which have arisen in the course of preparing the annual report. The adjusted result without these effects reflects the target income. 06.03.2008HCI Capital AG: Decrease of group net income to EUR 30.6 millionDividend proposal of EUR 0.70HCI Capital AG - ISIN DE000A0D9Y97 – an S-Dax listed, non-bank-affiliated issuing house for closed-end funds and structured products generated group net income (IFRS) of about EUR 30.6 million in fiscal year 2007 (previous fiscal year EUR 39.5 million). HCI did not reach its target to generate EUR 35 million group net income due to effects, inter alia, with impact on the tax result, which have arisen in the course of preparing the annual report. The adjusted result without these effects reflects the target income. The managing board and the supervisory board of HCI Capital AG decided to propose to the shareholders a reduced dividend of EUR 0.70 per share on the annual general meeting (2006: EUR 1.40 per share). With the proposed dividend reduction, HCI Capital AG intends to strengthen its group equity capital base to match the framework conditions on the financial markets that have significantly changed over the last months. In the course of this development banks have increased their requirements to finance fund projects. As planned, HCI will release its annual report 2007 and present the financial results on a press and analyst conference on 10 March 2008.
06.03.2008HCI Capital AG: Decrease of group net income to EUR 30.6 millionDividend proposal of EUR 0.70HCI Capital AG - ISIN DE000A0D9Y97 – an S-Dax listed, non-bank-affiliated issuing house for closed-end funds and structured products generated group net income (IFRS) of about EUR 30.6 million in fiscal year 2007 (previous fiscal year EUR 39.5 million). HCI did not reach its target to generate EUR 35 million group net income due to effects, inter alia, with impact on the tax result, which have arisen in the course of preparing the annual report. The adjusted result without these effects reflects the target income. The managing board and the supervisory board of HCI Capital AG decided to propose to the shareholders a reduced dividend of EUR 0.70 per share on the annual general meeting (2006: EUR 1.40 per share). With the proposed dividend reduction, HCI Capital AG intends to strengthen its group equity capital base to match the framework conditions on the financial markets that have significantly changed over the last months. In the course of this development banks have increased their requirements to finance fund projects. As planned, HCI will release its annual report 2007 and present the financial results on a press and analyst conference on 10 March 2008. | 12.02.2008 | Decision of MPC Münchmeyer Petersen Capital AG to launch a takeover offer pursuant to sec. 10 para 1 of the German Securities Acquisition and Takeover Act (WpÜG) to the shareholders of HCI Capital AGHamburg, 12 February 2008. MPC Münchmeyer Pertersen Capital AG, Hamburg, ISIN DE 0005187603, holding 15.1% of the registered share capital of HCI Capital AG, has notified today pursuant to sec. 10 para 1 of the German Securities Acquisition and Takeover Act (WpÜG) that it is intending to extend a takeover offer to the shareholders of HCI Capital AG, Hamburg, ISIN DE0005187603, to purchase and acquire their registered shares with no par value (auf den Namen lautende Stückaktien) of HCI Capital AG each representing a pro rata amount of the registered share capital (Grundkapital) of EUR 1.00 per share at a purchase price in the range of EUR 14.22 per share in cash. The takeover offer will not include a minimum quota for its acceptance as a condition of the offer. 12.02.2008Decision of MPC Münchmeyer Petersen Capital AG to launch a takeover offer pursuant to sec. 10 para 1 of the German Securities Acquisition and Takeover Act (WpÜG) to the shareholders of HCI Capital AGHamburg, 12 February 2008. MPC Münchmeyer Pertersen Capital AG, Hamburg, ISIN DE 0005187603, holding 15.1% of the registered share capital of HCI Capital AG, has notified today pursuant to sec. 10 para 1 of the German Securities Acquisition and Takeover Act (WpÜG) that it is intending to extend a takeover offer to the shareholders of HCI Capital AG, Hamburg, ISIN DE0005187603, to purchase and acquire their registered shares with no par value (auf den Namen lautende Stückaktien) of HCI Capital AG each representing a pro rata amount of the registered share capital (Grundkapital) of EUR 1.00 per share at a purchase price in the range of EUR 14.22 per share in cash. The takeover offer will not include a minimum quota for its acceptance as a condition of the offer. Further, MPC Münchmeyer Petersen Capital AG has informed that it has entered into an agreement with Corsair III Investments (Luxembourg) S.a.r.l. to acquire its participation of 20% of the registered share capital of HCI Capital AG for a consideration consisting of shares in MPC Münchmeyer Petersen Capital AG. The execution of the agreement is subject to several conditions, especially the occurrence of all requirements of the takeover offer. The management board of HCI Capital AG will enter into negotiations with MPC Münchmeyer Petersen Capital AG regarding the detailed objectives pursued with the takeover, and it will evaluate the offer price and - once published - the terms of the takeover offer. The management board of HCI Capital AG will comment on the consequences of the offer for HCI Capital AG and its customers, other business partners, employees and shareholders in due course.
12.02.2008Decision of MPC Münchmeyer Petersen Capital AG to launch a takeover offer pursuant to sec. 10 para 1 of the German Securities Acquisition and Takeover Act (WpÜG) to the shareholders of HCI Capital AGHamburg, 12 February 2008. MPC Münchmeyer Pertersen Capital AG, Hamburg, ISIN DE 0005187603, holding 15.1% of the registered share capital of HCI Capital AG, has notified today pursuant to sec. 10 para 1 of the German Securities Acquisition and Takeover Act (WpÜG) that it is intending to extend a takeover offer to the shareholders of HCI Capital AG, Hamburg, ISIN DE0005187603, to purchase and acquire their registered shares with no par value (auf den Namen lautende Stückaktien) of HCI Capital AG each representing a pro rata amount of the registered share capital (Grundkapital) of EUR 1.00 per share at a purchase price in the range of EUR 14.22 per share in cash. The takeover offer will not include a minimum quota for its acceptance as a condition of the offer. Further, MPC Münchmeyer Petersen Capital AG has informed that it has entered into an agreement with Corsair III Investments (Luxembourg) S.a.r.l. to acquire its participation of 20% of the registered share capital of HCI Capital AG for a consideration consisting of shares in MPC Münchmeyer Petersen Capital AG. The execution of the agreement is subject to several conditions, especially the occurrence of all requirements of the takeover offer. The management board of HCI Capital AG will enter into negotiations with MPC Münchmeyer Petersen Capital AG regarding the detailed objectives pursued with the takeover, and it will evaluate the offer price and - once published - the terms of the takeover offer. The management board of HCI Capital AG will comment on the consequences of the offer for HCI Capital AG and its customers, other business partners, employees and shareholders in due course. | 19.09.2007 | New Chief Product Officer at HCI Capital AGDr. Oliver Moosmayer to become new Chief Product OfficerHamburg, 19.09.2007 - The supervisory board has today resolved to appoint Dr. Oliver Moosmayer (39) as new Chief Product Officer of HCI Capital AG as from October 1, 2007. HCI Capital Capital AG's current Chief Product Officer Dr. Ralf Friedrichs (46) resigns from his office with effect to December 31, 2007 to take over new functions outside HCI Capital AG. 19.09.2007New Chief Product Officer at HCI Capital AGDr. Oliver Moosmayer to become new Chief Product OfficerHamburg, 19.09.2007 - The supervisory board has today resolved to appoint Dr. Oliver Moosmayer (39) as new Chief Product Officer of HCI Capital AG as from October 1, 2007. HCI Capital Capital AG's current Chief Product Officer Dr. Ralf Friedrichs (46) resigns from his office with effect to December 31, 2007 to take over new functions outside HCI Capital AG. Hamburg, 19.09.2007 - The supervisory board has today resolved to appoint Dr. Oliver Moosmayer (39) as new Chief Product Officer of HCI Capital AG as from October 1, 2007. HCI Capital Capital AG's current Chief Product Officer Dr. Ralf Friedrichs (46) resigns from his office with effect to December 31, 2007 to take over new functions outside HCI Capital AG. Dr. Oliver Moosmayer started his career as a banker and received a PhD in law. Having worked in the corporate development department of Hamburger Sparkasse he joined the HCI Group in the year 2000. Dr. Moosmayer held leading positions in marketing and product development until he took over management of HSC Hanseatische Sachwert Concept GmbH in the year 2003 which was founded for the development of innovative product concept and to open up new customer groups. The subsidiary company shortly became an important value driver of HCI Group.
19.09.2007New Chief Product Officer at HCI Capital AGDr. Oliver Moosmayer to become new Chief Product OfficerHamburg, 19.09.2007 - The supervisory board has today resolved to appoint Dr. Oliver Moosmayer (39) as new Chief Product Officer of HCI Capital AG as from October 1, 2007. HCI Capital Capital AG's current Chief Product Officer Dr. Ralf Friedrichs (46) resigns from his office with effect to December 31, 2007 to take over new functions outside HCI Capital AG. Hamburg, 19.09.2007 - The supervisory board has today resolved to appoint Dr. Oliver Moosmayer (39) as new Chief Product Officer of HCI Capital AG as from October 1, 2007. HCI Capital Capital AG's current Chief Product Officer Dr. Ralf Friedrichs (46) resigns from his office with effect to December 31, 2007 to take over new functions outside HCI Capital AG. Dr. Oliver Moosmayer started his career as a banker and received a PhD in law. Having worked in the corporate development department of Hamburger Sparkasse he joined the HCI Group in the year 2000. Dr. Moosmayer held leading positions in marketing and product development until he took over management of HSC Hanseatische Sachwert Concept GmbH in the year 2003 which was founded for the development of innovative product concept and to open up new customer groups. The subsidiary company shortly became an important value driver of HCI Group.
| 29.06.2007 | Changes in the managing board of HCI Capital AGWolfgang Essing to become new CEO - current CEO Harald Christ intends to take over new task outside HCI GroupHamburg, 29.06.2007- The supervisory board has today resolved to appoint Wolfgang Essing (42) as new CEO of HCI Capital AG as from October 1, 2007. HCI Capital AG’s current CEO Harald Christ (35) resigns from his office with effect to September 30, 2007 to take over a leading position at a German bank group. Mr. Christ has informed the company that he intends to remain a material shareholder in HCI Capital AG.29.06.2007Changes in the managing board of HCI Capital AGWolfgang Essing to become new CEO - current CEO Harald Christ intends to take over new task outside HCI GroupHamburg, 29.06.2007- The supervisory board has today resolved to appoint Wolfgang Essing (42) as new CEO of HCI Capital AG as from October 1, 2007. HCI Capital AG’s current CEO Harald Christ (35) resigns from his office with effect to September 30, 2007 to take over a leading position at a German bank group. Mr. Christ has informed the company that he intends to remain a material shareholder in HCI Capital AG.
Wolfgang Essing, who started his career as a banker, is since the beginning of the year 2007 member of the managing board of HCI Capital AG and responsible for the division sales and marketing. From 1989 until 2000, he worked for the financial service provider MLP in Heidelberg, at last in a leading position. In the year 2000, he joined the consultants group zeb/rolfes.schierenbeck.associates in Muenster, which is specialized on financial services. During this period, Mr. Essing founded zeb/salesconsult GmbH, a subsidiary that in only three years became one of the departments of the zeb group with the highest sales. In 2003, he was appointed as one of five managing partners of the whole zeb group.
29.06.2007Changes in the managing board of HCI Capital AGWolfgang Essing to become new CEO - current CEO Harald Christ intends to take over new task outside HCI GroupHamburg, 29.06.2007- The supervisory board has today resolved to appoint Wolfgang Essing (42) as new CEO of HCI Capital AG as from October 1, 2007. HCI Capital AG’s current CEO Harald Christ (35) resigns from his office with effect to September 30, 2007 to take over a leading position at a German bank group. Mr. Christ has informed the company that he intends to remain a material shareholder in HCI Capital AG.
Wolfgang Essing, who started his career as a banker, is since the beginning of the year 2007 member of the managing board of HCI Capital AG and responsible for the division sales and marketing. From 1989 until 2000, he worked for the financial service provider MLP in Heidelberg, at last in a leading position. In the year 2000, he joined the consultants group zeb/rolfes.schierenbeck.associates in Muenster, which is specialized on financial services. During this period, Mr. Essing founded zeb/salesconsult GmbH, a subsidiary that in only three years became one of the departments of the zeb group with the highest sales. In 2003, he was appointed as one of five managing partners of the whole zeb group. | 06.03.2007 | Supervisory board - Members ChangeHamburg, 06 March 2007 - The members of the supervisory board of HCI Capital AG - ISIN DE000A0D9Y97 - , Prof. Dr. Georg Crezelius and Rolf Hunck today announced their resignation as members of the supervisory board with effect as of May 10th 2007, the date of the annual shareholders meeting of HCI Capital AG. 06.03.2007Supervisory board - Members ChangeHamburg, 06 March 2007 - The members of the supervisory board of HCI Capital AG - ISIN DE000A0D9Y97 - , Prof. Dr. Georg Crezelius and Rolf Hunck today announced their resignation as members of the supervisory board with effect as of May 10th 2007, the date of the annual shareholders meeting of HCI Capital AG. The supervisory board of HCI Capital AG recommends to the annual shareholders meeting on May 10th 2007 to elect Alexander Stuhlmann and lic. oec. Karl Gernandt as new members of the supervisory board of HCI Capital AG.
Alexander Stuhlmann has been former CEO of HSH Nordbank while Karl Gernandt is current CEO of Holcim Germany.
06.03.2007Supervisory board - Members ChangeHamburg, 06 March 2007 - The members of the supervisory board of HCI Capital AG - ISIN DE000A0D9Y97 - , Prof. Dr. Georg Crezelius and Rolf Hunck today announced their resignation as members of the supervisory board with effect as of May 10th 2007, the date of the annual shareholders meeting of HCI Capital AG. The supervisory board of HCI Capital AG recommends to the annual shareholders meeting on May 10th 2007 to elect Alexander Stuhlmann and lic. oec. Karl Gernandt as new members of the supervisory board of HCI Capital AG.
Alexander Stuhlmann has been former CEO of HSH Nordbank while Karl Gernandt is current CEO of Holcim Germany. | 15.12.2006 | HCI Capital AG: Signing of a Share Purchase Agreement relating to 25% plus one share of the capital of Aragon AGHamburg, 15 December 2006 - On 14 December 2006, HCI Capital AG - ISIN DE000A0D9Y97 - has entered into a stock purchase agreement with ABL Unternehmensgruppe GmbH for the off market acquisition of 25% plus one share of the share capital of Aragon AG, Wiesbaden - ISIN DE000A0B9N37 for a price of EUR 19.00 per share. 15.12.2006HCI Capital AG: Signing of a Share Purchase Agreement relating to 25% plus one share of the capital of Aragon AGHamburg, 15 December 2006 - On 14 December 2006, HCI Capital AG - ISIN DE000A0D9Y97 - has entered into a stock purchase agreement with ABL Unternehmensgruppe GmbH for the off market acquisition of 25% plus one share of the share capital of Aragon AG, Wiesbaden - ISIN DE000A0B9N37 for a price of EUR 19.00 per share.
The consummation of the Agreement is still subject to the consent of VEM Aktienbank, Munich due to an existing lock-up agreement. The parties intend to consummate the transaction still this year. In addition, HCI Capital AG has been granted a call option for another 5% of the share capital of Aragon AG for the case that Aragon AG decides to list its shares at an official market in the meaning of Sec. 2 para. 7 WpÜG. HCI Capital AG and Aragon AG intend to build on their existing business relationship and create a long-term and intense cooperation, which will also extend to Jung, DMS & Cie. Aktiengesellschaft, a wholly owned subsidiary of Aragon AG.
15.12.2006HCI Capital AG: Signing of a Share Purchase Agreement relating to 25% plus one share of the capital of Aragon AGHamburg, 15 December 2006 - On 14 December 2006, HCI Capital AG - ISIN DE000A0D9Y97 - has entered into a stock purchase agreement with ABL Unternehmensgruppe GmbH for the off market acquisition of 25% plus one share of the share capital of Aragon AG, Wiesbaden - ISIN DE000A0B9N37 for a price of EUR 19.00 per share.
The consummation of the Agreement is still subject to the consent of VEM Aktienbank, Munich due to an existing lock-up agreement. The parties intend to consummate the transaction still this year. In addition, HCI Capital AG has been granted a call option for another 5% of the share capital of Aragon AG for the case that Aragon AG decides to list its shares at an official market in the meaning of Sec. 2 para. 7 WpÜG. HCI Capital AG and Aragon AG intend to build on their existing business relationship and create a long-term and intense cooperation, which will also extend to Jung, DMS & Cie. Aktiengesellschaft, a wholly owned subsidiary of Aragon AG. | 14.02.2006 | HCI Capital AG: Preliminary Financial Results 2005Hamburg, 14th February 2006 - According to preliminary calculations, HCI Capital AG - ISIN DE000A0D9Y97 - generated revenue of round EUR 150 million in fiscal year 2005. Revenue was thus up 26% over 2004 (EUR 119 million).14.02.2006HCI Capital AG: Preliminary Financial Results 2005Hamburg, 14th February 2006 - According to preliminary calculations, HCI Capital AG - ISIN DE000A0D9Y97 - generated revenue of round EUR 150 million in fiscal year 2005. Revenue was thus up 26% over 2004 (EUR 119 million). Hamburg, 14th February 2006 - According to preliminary calculations, HCI Capital AG - ISIN DE000A0D9Y97 - generated revenue of round EUR 150 million in fiscal year 2005. Revenue was thus up 26% over 2004 (EUR 119 million).
Groups net income showed strong growth over last year's figure (EUR 20.6 million), climbing by 82% to round EUR 37.5 million. The increase in net income, which outpaced revenue growth, resulted primarily from the dynamic growth in the business, particularly in the area of high margin products and due to HCI's broadening activities in the shipping sector.
Earnings per share in 2005 stood at EUR 1.56 based on 24 million shares, up by EUR 0.70 over last year (2004: EUR 0.86 based on 24 million shares). The managing board of HCI Capital AG confirms its intent to propose that the company distribute a dividend of round EUR 1.40 per share outstanding.
Given the current share price this represents a dividend yield of around 8%.
HCI will announce its final 2005 financial statements on March 8th 2006.
14.02.2006HCI Capital AG: Preliminary Financial Results 2005Hamburg, 14th February 2006 - According to preliminary calculations, HCI Capital AG - ISIN DE000A0D9Y97 - generated revenue of round EUR 150 million in fiscal year 2005. Revenue was thus up 26% over 2004 (EUR 119 million). Hamburg, 14th February 2006 - According to preliminary calculations, HCI Capital AG - ISIN DE000A0D9Y97 - generated revenue of round EUR 150 million in fiscal year 2005. Revenue was thus up 26% over 2004 (EUR 119 million).
Groups net income showed strong growth over last year's figure (EUR 20.6 million), climbing by 82% to round EUR 37.5 million. The increase in net income, which outpaced revenue growth, resulted primarily from the dynamic growth in the business, particularly in the area of high margin products and due to HCI's broadening activities in the shipping sector.
Earnings per share in 2005 stood at EUR 1.56 based on 24 million shares, up by EUR 0.70 over last year (2004: EUR 0.86 based on 24 million shares). The managing board of HCI Capital AG confirms its intent to propose that the company distribute a dividend of round EUR 1.40 per share outstanding.
Given the current share price this represents a dividend yield of around 8%.
HCI will announce its final 2005 financial statements on March 8th 2006. | 05.10.2005 | Bookbuilding for the IPO successfully completedPlacement price and placement volume determinedHamburg, 5. October 2005 (HCI Capital AG) - HCI Capital along with Credit Suisse First Boston and Dresdner Kleinwort Wasserstein as the joint global co-ordinators and joint bookrunners set the placement price at EUR 20.50 per share. This is in the middle of the EUR 19 to EUR 23 price range. The placement volume, including the over-allotment option, amounts to EUR 319.8 million. The company will receive gross proceeds of EUR 82.0 million from the capital increase. Trading of the shares will commence on October 6, 2005. 05.10.2005Bookbuilding for the IPO successfully completedPlacement price and placement volume determinedHamburg, 5. October 2005 (HCI Capital AG) - HCI Capital along with Credit Suisse First Boston and Dresdner Kleinwort Wasserstein as the joint global co-ordinators and joint bookrunners set the placement price at EUR 20.50 per share. This is in the middle of the EUR 19 to EUR 23 price range. The placement volume, including the over-allotment option, amounts to EUR 319.8 million. The company will receive gross proceeds of EUR 82.0 million from the capital increase. Trading of the shares will commence on October 6, 2005. Additional information:
ISIN: DE000A0D9Y97
Common code 022854488
Listing: Official trading in the Prime Standard on the Frankfurt Stock Exchange and official trading on the Hamburg Stock Exchange
Registered office of the company: Germany
Notice:
This press release does not constitute an offer to buy shares in HCI Capital AG. A securities prospectus for the offering was released on September 21, 2005 which can be obtained, free of charge, from HCI Capital AG, Credit Suisse First Boston (Europe) Limited, Dresdner Bank Aktiengesellschaft, Bayerische Hypo- und Vereinsbank AG, HSH Nordbank AG, and Sal. Oppenheim jr. & Cie. Kommanditgesellschaft auf Aktien.
05.10.2005Bookbuilding for the IPO successfully completedPlacement price and placement volume determinedHamburg, 5. October 2005 (HCI Capital AG) - HCI Capital along with Credit Suisse First Boston and Dresdner Kleinwort Wasserstein as the joint global co-ordinators and joint bookrunners set the placement price at EUR 20.50 per share. This is in the middle of the EUR 19 to EUR 23 price range. The placement volume, including the over-allotment option, amounts to EUR 319.8 million. The company will receive gross proceeds of EUR 82.0 million from the capital increase. Trading of the shares will commence on October 6, 2005. Additional information:
ISIN: DE000A0D9Y97
Common code 022854488
Listing: Official trading in the Prime Standard on the Frankfurt Stock Exchange and official trading on the Hamburg Stock Exchange
Registered office of the company: Germany
Notice:
This press release does not constitute an offer to buy shares in HCI Capital AG. A securities prospectus for the offering was released on September 21, 2005 which can be obtained, free of charge, from HCI Capital AG, Credit Suisse First Boston (Europe) Limited, Dresdner Bank Aktiengesellschaft, Bayerische Hypo- und Vereinsbank AG, HSH Nordbank AG, and Sal. Oppenheim jr. & Cie. Kommanditgesellschaft auf Aktien.
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