FRANKFURT, May 16 (Reuters) - COMMERZBANK AG:
* Says annual general meeting 2009 approves capital increase to allow for
soffin participation
* Says approximately 295 million new shares to be issued at EUR 6 each without
subscription rights
* Says helmut perlet, nikolaus von bomhard and edgar meister elected to the
supervisory board
* Says the annual general meeting has decided to increase the bank's share
capital by approximately 295 million new shares with a nominal value of EUR
2.60 each to a total of around 1,181 million shares
* Says the new shares will be issued at a price of EUR 6 per share without
pre-emptive rights
* Says the new shares will be acquired by the financial market stabilization
fund (soffin) at issue price
* Says a 97,72% (approximately 322.9 million shares) majority of the
represented share capital of 342.5 million shares voted in favour of the
capital increase
* Says with a tier 1 ratio of around 10%, Commerzbank is weatherproof and will
implement its new strategy without delay
* Says the annual general meeting authorized the board to increase the share
capital by up to 670 million shares and 460 million shares respectively by
may 14, 2014, through the issue of new shares
* Says two authorisations for capital-raising measures, which expired at the
end of April 2009, will thus be replaced
* Says agm approved resolution which allows soffin to keep its share in
Commerzbank in the case of future capital increases through full or partial
conversion of its silent participation
* Says the request proposing that confidence be withdrawn from the chairman of
the board of managing directors martin blessing and the request for a special
audit have been disapproved
((Frankfurt Newsroom; +49 69 7565 1272))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Says annual general meeting 2009 approves capital increase to allow for
soffin participation
* Says approximately 295 million new shares to be issued at EUR 6 each without
subscription rights
* Says helmut perlet, nikolaus von bomhard and edgar meister elected to the
supervisory board
* Says the annual general meeting has decided to increase the bank's share
capital by approximately 295 million new shares with a nominal value of EUR
2.60 each to a total of around 1,181 million shares
* Says the new shares will be issued at a price of EUR 6 per share without
pre-emptive rights
* Says the new shares will be acquired by the financial market stabilization
fund (soffin) at issue price
* Says a 97,72% (approximately 322.9 million shares) majority of the
represented share capital of 342.5 million shares voted in favour of the
capital increase
* Says with a tier 1 ratio of around 10%, Commerzbank is weatherproof and will
implement its new strategy without delay
* Says the annual general meeting authorized the board to increase the share
capital by up to 670 million shares and 460 million shares respectively by
may 14, 2014, through the issue of new shares
* Says two authorisations for capital-raising measures, which expired at the
end of April 2009, will thus be replaced
* Says agm approved resolution which allows soffin to keep its share in
Commerzbank in the case of future capital increases through full or partial
conversion of its silent participation
* Says the request proposing that confidence be withdrawn from the chairman of
the board of managing directors martin blessing and the request for a special
audit have been disapproved
((Frankfurt Newsroom; +49 69 7565 1272))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.