Südzucker International Finance B. V. Südzucker AG ... - Xetra

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Sales price per share from March 1, 2003 to December 7, 2003 (in 5):Mar Date April Date May Date June Date July DateHigh . . . . . . 15.33 21.03. 15.18 30.04. 16.99 29.05. 16.20 02.06. 14.96 03.07.Low . . . . . . 13.25 11.03. 14.20 03.04. 14.51 08.05. 14.95 20.06. 14.18 23.07.Aug Date Sept Date Oct Date Nov DateHigh . . . . . . 14.40 01.08. 14.86 04.09. 14.74 27.10. 15.30 04.11.Low . . . . . . 13.89 06.08. 13.70 26.09. 13.80 01.10. 14.90 03.11.The closing sales price for the shares on the Frankfurt Stock Exchange on December 5, 2003, was5 15.25.Paying Agent regarding the SharesThe paying agent regarding the Shares is Deutsche Bank Aktiengesellschaft.68
TaxationThe following summary of certain Dutch and German taxation consequences is based on the lawsand practice in force as of the date of this Listing Prospectus and is subject to any changes in law andpractices (and the interpretation and application thereof) occurring after such date, which changescould be made on a retroactive basis. The following summary does not purport to be acomprehensive description of all the tax considerations that may be relevant to a decision to acquire,hold or dispose of the Bonds or to convert Bonds into shares, and does not purport to deal with thetax consequences applicable to all categories of investors, some of which (such as dealers insecurities) may be subject to special rules. This summary is of a general nature based on theunderstanding of the Issuer and the Guarantor of current law and practice. Save as otherwiseindicated, this summary only addresses the position of investors who do not have any connectionwith The Netherlands other than the holding of the Bonds. Investors should consult theirprofessional advisers on the possible tax consequences of their subscribing for, acquiring, holding,selling or redeeming Bonds or converting Bonds into Shares under the laws of their country ofcitizenship, residence, domicile or incorporation.The NetherlandsGeneralThis summary does not address the Netherlands tax consequences of residents of The Netherlands.Prospective investors should consult their professional advisers on the possible tax consequences oftheir subscribing for, acquiring, holding, selling or redeeming Bonds or converting Bonds into Sharesunder the laws of their country of citizenship, residence, domicile or incorporation.In addition, this summary does not address the Netherlands tax consequences of Bondholders, whohold a substantial interest (aanmerkelijk belang) within the meaning of section 4.3 of the Income TaxAct 2001 in the Issuer. In general a Bondholder, being a non-resident individual for purposes of theIncome Tax Act 2001 or non-resident tax payer for purposes of the Corporate Income Tax Act 1969, isconsidered to hold a substantial interest in the Issuer, if he, alone or together with his partner (asstatutory defined) or certain other related persons, directly or indirectly holds (1) an interest of atleast 5 percent of the total issued share capital of the Issuer or of at least 5 percent of the issuedshare capital of a certain class of shares of the Issuer, (ii) rights to obtain, directly or indirectly, suchinterest or (iii) certain profit sharing rights in the Issuer.Withholding taxAll payments of principal and/or interest or any other amounts payable under the Bonds can be madefree of Netherlands withholding tax.Corporate income tax and individual income taxA Bondholder that is not a resident of The Netherlands, nor deemed to be a resident, nor anindividual who has opted to be taxed as a resident of The Netherlands for Netherlands tax purposes,is not taxable in respect of income derived from the Bonds and capital gains realised upon thedisposal, transfer, alienation or redemption of the Bonds or the conversion of the Bonds into Sharesprovided that:(a) such Bondholder does not have an enterprise or an interest in an enterprise which, in whole or inpart, is carried on through a permanent establishment or a permanent representative in TheNetherlands and to which enterprise or part of an enterprise, as the case may be, the Bonds areattributable; and(b) the Bonds are not attributable to the assets of an enterprise that is effectively managed in TheNetherlands, with respect to which enterprise such Bondholder is entitled to a share in its profits,other than by way of securities or pursuant to the terms of an employment contract,69
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(2) it has only communicated or cau
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Summary of the Conditions of the Bo
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or therein having power to tax, unl
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Südzucker International Finance B.
Page 17 and 18: Südzucker Aktiengesellschaft Mannh
Page 19 and 20: Jörg Lindner (*)Ulrich MüllerEric
Page 21 and 22: Memberships of comparable domestic
Page 23 and 24: General MeetingThe general meeting
Page 25 and 26: Regulation and Market DevelopmentsC
Page 27 and 28: Balkans. The LDC-regulation propose
Page 29 and 30: the Belgium sugar factory, was more
Page 31 and 32: in France could be extended, partic
Page 33 and 34: confectionery sector for products s
Page 35 and 36: frozen food segment. NestlØ acquir
Page 37 and 38: Südzucker International Finance B.
Page 39 and 40: inhaber gezahlt. Zahlungen an Clear
Page 41 and 42: des am letzten Handelstag dieses Ka
Page 43 and 44: setzungen an einem Tag erfüllt sin
Page 45 and 46: „SP o “ die Xetra-Notierung am
Page 47 and 48: Für Zwecke dieses § 10 werden auf
Page 49 and 50: Anleihebedingungen zahlbaren Beträ
Page 51 and 52: (4) Wirksamkeit. Im Fall des § 14(
Page 53 and 54: „Kontrolle“ bedeutet (i) direkt
Page 55 and 56: die am Ausstellungstag dieser Besch
Page 57 and 58: lichkeiten der Garantin und hat min
Page 59 and 60: Anleihebedingungen (insbesondere ge
Page 61 and 62: §3(Sicherungsabtretung)(1) Die Anl
Page 63 and 64: 8. Dezember 2003Südzucker Internat
Page 65 and 66: Schuldverschreibungen und aus diese
Page 67: Disclosure RequirementThe German Se
Page 71 and 72: notes (Kapitalertragsteuer auf Zins
Page 73 and 74: shareholding will only be deductibl
Page 75 and 76: Index to Financial StatementsThe ma
Page 77 and 78: SÜDZUCKER AG MANNHEIM/OCHSENFURTCO
Page 79 and 80: SÜDZUCKER GROUPCONSOLIDATED BALANC
Page 81 and 82: STATEMENTS OF MOVEMENTS IN SHAREHOL
Page 83 and 84: FINANCIALYEARS ENDED FEBRUARY 28, 2
Page 85 and 86: Balance at1.3.2001Change incompanie
Page 87 and 88: Balance at1.3.2000Change incompanie
Page 89 and 90: The shareholdings in AGRANA Beteili
Page 91 and 92: III. Foreign currency translationAs
Page 93 and 94: Receivables in current assets are s
Page 95 and 96: Financial assetsA list of all share
Page 97 and 98: 1.6 Provision for pensionsPension p
Page 99 and 100: Provisions for other uncertain liab
Page 101 and 102: Financial instruments are normally
Page 103 and 104: Fair value is the amount that the S
Page 105 and 106: 2.4 Cost of materials2002/03 2001/0
Page 107 and 108: 2.8 Restructuring costs and other i
Page 109 and 110: Reconciliation of earnings before i
Page 111 and 112: VII. Segment reporting1. Business s
Page 113 and 114: VIII. Other notes1. Related parties
Page 115 and 116: Rolf Bucher*OffenauMember of the wo
Page 117 and 118: Executive boardDr. Theo Spettmann (
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Südzucker IndirectLocation Country
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[This page was intentionally left b
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profitability. Our research and dev
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eet and grain, from which energy-sa
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Change in operating profitin D mill
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Recommendation on appropriation of
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French sugar producer, and the sale
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Global and EU marketdevelopments12.
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an overall production levy on B-sug
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under cultivation in Poland for the
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Sales volumes for the six Polish fa
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Customer care is applied by using a
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PersonnelNumber of employees declin
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department. Introduction of this te
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Fondants and glazes from Südzucker
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Risks for future developmentsSüdzu
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SÜDZUCKER AG MANNHEIM/OCHSENFURTIN
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GROUP BALANCE SHEETD million August
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STATEMENT OF CASH FLOWSD million1st
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Changes in the Supervisory and Exec
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Südzucker International Finance B.
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BALANCE SHEETS AS OF FEBRUARY 28, 2
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5 Receivables from affiliated compa
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11 Payable to tax authorities28 Feb
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DIRECTOR'S REPORT FOR THE FINANCIAL
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SÜDZUCKER INTERNATIONAL FINANCE B.
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PROFIT AND LOSS ACCOUNTFOR THE FIRS
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Balance sheet4 Receivables from aff
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Aufgrund des vorstehenden Prospekts
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