Ad hoc announcement pursuant to Section 15 of the Securities Trading Act (WpHG)
Increase stockholders' equity
Hannover Re plans increase in stockholders' equity of EUR 194.3 million
Hannover, 28 November 2001:
The Boards responsible for Hannover Re decided today to increase the company's
capital stock by EUR 7,305,749.99 to EUR 82,798,545.89 through the issue of
2,857,761 new, registered no-par value shares.
The new shares will be issued with a subscription ratio of 31:3 and at a
subscription price of EUR 68.00 per share. The subscription period will extend
from 5 to 18 December 2001. The main shareholder, HDI, will subscribe through
its intermediate holding company Talanx AG 75% of the new shares in proportion
to its existing shareholding. The new shares will carry full dividend rights for
the entire 2001 financial year.
Further information is to be found in a press release issued today by Hannover
Re.
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