DGAP-UK-Regulatory: Commerzbank AG: Annual General Meeting 2009 approves capital increase to allow for SoFFin participation

Commerzbank AG / AGM/EGM/Capital Increase

16.05.2009 

Release of a UK Regulatory Announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.
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  - Approximately 295 million new shares to be issued at EUR 6 each without
subscription rights

  - Helmut Perlet, Nikolaus von Bomhard and Edgar Meister elected to the
Supervisory Board

The Commerzbank Annual General Meeting has decided today to increase the
bank's share capital by approximately 295 million new shares with a nominal
value of EUR 2.60 each to a total of around 1,181 million shares (item 10
of the agenda). The new shares will be issued at a price of EUR 6 per share
without pre-emptive rights. The new shares will be acquired by the
Financial Market Stabilization Fund (SoFFin) at issue price. On Friday, May
15, 2009, the XETRA closing price of the Commerzbank share was at EUR 5.14.
A 97,72% (approximately 322.9 million shares) majority of the represented
share capital of 342.5 million shares voted in favour of the capital
increase.

'With a Tier 1 ratio of around 10%, Commerzbank is weatherproof and will
implement its new strategy without delay. We will set up our business along
the 'Roadmap 2012'. A profitable customer bank, this is our focus,' said
Martin Blessing, Chairman of the Board of Managing Directors of
Commerzbank.

As proposed, Helmut Perlet, Nikolaus von Bomhard and Edgar Meister were
elected members of the Supervisory Board of Commerzbank and took office at
the end of the Annual General Meeting (item 6 of the agenda), while Klaus
Müller-Gebel, Heinrich Weiss and Friedrich Lürßen stepped down from the
Supervisory Board of Commerzbank as planned. 'I am looking forward to
working with Nikolaus von Bomhard, Helmut Perlet and Edgar Meister,' said
Klaus-Peter Müller, Chairman of the Supervisory Board of Commerzbank. 'I
would like to thank Klaus Müller-Gebel, Heinrich Weiss and Friedrich Lürßen
for their long-standing support, their advice and, in particular, their
strong commitment.'

The Annual General Meeting has adopted two resolutions authorizing the
Board of Managing Directors to increase the share capital by up to 670
million shares and 460 million shares respectively by May 14, 2014, through
the issue of new shares (authorised capital according to items 8 and 9 of
the agenda). Two authorisations for capital-raising measures, which expired
at the end of April 2009, will thus be replaced. In addition, a resolution
for a conditional capital amounting to up to 150 million shares was
approved, which allows SoFFin to keep its share in Commerzbank in the case
of future capital increases through full or partial conversion of its
silent participation. Agenda items 1 to 5, 7 and 14 to 16 as well as 18
(approvals, regulations, and amendments to the articles of association)
were also approved as proposed by the Board of Managing Directors and
Supervisory Board. The request from minority shareholders (items 17 and 19
of the agenda) proposing that confidence be withdrawn from the Chairman of
the Board of Managing Directors Martin Blessing and the request for a
special audit have been disapproved.

The voting results for all items of the agenda (in German) will be
published on the following website:
https://www.commerzbank.de/en/hauptnavigation/aktionaere/haupt/hauptversam
mlung_1.html


Contact:
Commerzbank AG
Group Communications
Tel.: +49 69 136 - 22830
mediarelations@commerzbank.com


DGAP 16.05.2009 
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Language:           English
Issuer:             Commerzbank AG
                    Kaiserplatz
                    60261 Frankfurt am Main
                    Deutschland
Phone:              +49 (069) 136 20
Fax:                -
E-mail:             ir@commerzbank.com
Internet:           www.commerzbank.de
ISIN:               DE0008032004
Indices:            DAX, CDAX, HDAX, PRIMEALL
Listed:             Regulierter Markt in Berlin, Frankfurt (Prime
                    Standard), Hannover, München, Hamburg, Düsseldorf,
                    Stuttgart; Terminbörse EUREX; Foreign Exchange(s)
                    London, SWX
Category Code:      AGM
LSE Ticker:         czb
Sequence Number:    194
Time of Receipt:    May 16, 2009 21:19:48
 
End of News                                     DGAP News-Service
 
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