27.11.2007 - First listing of HCI HAMMONIA SHIPPING AG on the Stock Exchange in Hamburg
As of today the HCI HAMMONIA SHIPPING AG is listed at the Stock Exchange in Hamburg. Grand trade-opening by the president of the stock exchange Mr Udo Bandow. Equity capital amounting to 150 Mio € placed with institutional investors
Hamburg, November 27th, 2007 – Today the shares of HCI HAMMONIA SHIPPING AG were successfully entered into the regular market of the Stock Exchange in Hamburg. The listed shipping company founded by the HSH Nordbank AG, the HCI Capital AG and the Hammonia Reederei GmbH & Co. KG provides the opportunity for institutional investors to investment into the booming container shipping industry. In total, shares in the amount of 150 Mio € could be placed during the subscription period. The majority of the equity capital has been tendered by insurances, pension schemes and banks in Germany and Austria. On the occasion of today’s reception at the Stock Exchange in Hamburg, Udo Bandow, Chairman of the Supervisory Board of the stock market public company and president of the Hanseatic securities market in Hamburg, congratulated all involved parties on the successful start: “We are pleased to welcome the HCI HAMMONIA SHIPPING AG, a further interesting shipping-investment, at the Stock Exchange in Hamburg.
With HCI HAMMONIA SHIPPING AG going public, Hamburg strengthens its position as maritime financial centre number one and emphasises the importance of the Stock Exchange Hamburg.” The HCI HAMMONIA SHIPPING AG offers institutional investors a tailored opportunity to invest into the booming container shipping industry. “The successful subscription period and the ongoing negotiations, show the attractiveness of this new package, especially for institutional investors”, says Jens Burgemeister, general agent of the HCI CAPITAL AG and first board member of the HCI HAMMONIA SHIPPING AG, “With this capital market compatible structure, the investors will profit from the daily marketability, the easy booking in the depot and the tax benefits of the tonnage tax.”
The HCI HAMMONIA SHIPPING AG acts as a holding for several shipping limited partnerships, who on the other hand again invest in vessels. “Due to the successful placement development, we are now in the comfortable situation of being able to buy several more vessels for our existing fleet”, says Dr Karsten Liebing, chief executive officer of the HAMMONIA Reederei GmbH & Co. KG and the second board member of the HCI HAMMONIA SHIPPING AG. Members of the stockholders, amongst others, are the insurance groups Deutscher Ring and Debeka, the “Ärzteversorgungswerk Westfalen-Lippe”, the savings bank Singen Radolfzell and the savings bank Hildesheim. “We are still in negotiation with several additional investors. For these before long upcoming closures, we regarded a spare volume”, continues Dr. Liebing. The HCI HAMMONIA SHIPPING AG will be trading, from today under the ISIN DE00A0MPF55, in the regular market of the Stock Exchange Hamburg. At the opening of trade, the shares were quoted at a price of x.xxx €.
