Increase in capital stock
Increase in capital stock strengthens market position
With approval of the Supervisory Board, on August 21, 2008, the Executive Board decided to issue 9,799,152 new shares from authorised capital for cash contributions to the tune of € 123.8 million. This increased the number of MLP shares by around 10 %. Exercising exclusion of subscription rights, the new shares were issued in an accelerated procedure to Allianz Lebensversicherung AG (46 %), AXA Lebensversicherung (46 %) and Uberior Ena Ltd. (8 %), a company of the British HBOS Group. The additional cash funds strengthen MLP’s position within the scope of the anticipated sector consolidation. The increase in capital stock also secures our business model as an independent consulting company.