The capital increase represents approximately 10% of S&T’s outstanding share capital and will increase the total number of shares to 63,379,178. The 5,761,743 new shares were placed exclusively with institutional investors via an accelerated book building process and will be admitted to trading on the Frankfurt Stock Exchange. The shares were issued to investors at a price of EUR 15.30 per share. Hauck & Aufhäuser acted as sole global coordinator for the transaction. The McDermott-Team comprised partner Joseph Marx and counsel Simon M. Weiß (both Capital Markets, Frankfurt) as well as Edwin C. Laurenson (Corporate Markets, Silicon Valley) und Thomas H. Young (Steuern, Chicago). Prof. Dr. Stefan Weber und Mag. Christoph Moser from Weber Rechtsanwälte GmbH advised S&T AG as company counsel.
About McDermott Will & Emery
McDermott Will & Emery is a premier international law firm with a diversified business practice. Numbering more than 1,000 lawyers, we have offices in Boston, Brussels, Chicago, Dallas, Düsseldorf, Frankfurt, Houston, London, Los Angeles, Miami, Milan, Munich, New York, Orange County, Paris, Seoul, Silicon Valley and Washington, DC. Further extending our reach into Asia, we have a strategic alliance with MWE China Law Offices in Shanghai.