Luxembourg based Cable Holding, the largest shareholder of Kabel Deutschland Holding, has successfully placed approximately 20 million of shares in the Company through UBS to institutional investors for €41.10 per share. With that placement, 100% of the company’s total 90 million shares are in the free float.
As of today, Cable Holding will no longer hold shares in Kabel Deutschland Holding AG.
On June 20, Kabel Deutschland announced that it fully accomplished its €1 billion refinancing. The outstanding amount under the PIK loan and related accrued interest totaling €541 million were fully repaid on Friday, June 17, 2011. With this repayment, Kabel Deutschland now removed a technical restriction to pay dividends and thus cleared the way to make distributions to its shareholders for the fiscal year ending on March 31, 2012.
