The management board of Deutsche Bank AG (XETRA: DBKGn.DE / NYSE: DB) resolved today, with the approval of the supervisory board, to execute a capital increase, which is intended to raise gross proceeds of approximately Euro 2.0 billion. The purpose of the capital increase is to finance the acquisition of a minority stake of 29.75 per cent in Deutsche Postbank AG from Deutsche Post AG and to maintain the strong equity capitalisation also following the acquisition.
It is intended to issue up to 40 million new registered shares without par value from authorised capital without subscription rights. The new shares will have full dividend entitlement for the fiscal year 2008. They will be placed with institutional investors by way of an accelerated bookbuilt offering. There will be no public offering. Deutsche Bank AG is acting as sole bookrunner for the offering.
The securities of Deutsche Bank AG mentioned in this release have not been registered under the Securities Act of 1933, as amended (“Securities Act”) and may not be offered, sold or delivered within the United States absent registration under the Securities Act or an exemption from registration requirements.
This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our trading revenues, potential defaults of borrowers or trading counterparties, the implementation of our management agenda, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 26 March 2008 under the heading "Risk Factors." Copies of this document are readily available upon request or can be downloaded from www.deutsche-bank.com/ir .