Annual Report 2007 - hci hammonia shipping ag

The ShareThe ShareSuccessful stock market debutThe shares in HCI HAMMONIA SHIPPING AG were offered for subscription and successfully placedduring the period from 28 June to 30 October 2007 at a price of EUR 1,100 and subject to a minimumsubscription of 500 shares. Shares worth a total of approximately EUR 150 million were placed duringthe subscription period, with investors primarily comprising banks, insurance undertakings and pensionfunds in Germany and Austria. Since 27 November 2007, our shares have been admitted to trading onthe regulated market of the Hanseatic Securities Exchange in Hamburg. Based on placement volumeand market capitalisation, HCI HAMMONIA SHIPPING AG ranks as one of the largest joint stock shippingcompanies in Germany.The capital market-based structure of HCI HAMMONIA SHIPPING AG means that investors benefitfrom daily prices, tradability, straightforward posting to a securities account, and the tax benefits of tonnagetax. In addition, in the case of banks and insurance undertakings for example, 95% of the profitsmade are exempt from corporation tax in accordance with section 8b of the German Corporation TaxAct. Consequently, and due to the low level of correlation between the shipping markets and classicequity and bond markets, an investment in HCI HAMMONIA SHIPPING AG is particularly appropriatefor institutional investors who are looking to diversify their portfolio.Creating value for our shareholdersHCI HAMMONIA SHIPPING AG’s aim, in addition to generating continuous long-term growth in the valueof its share, is to distribute a regular dividend of at least 6.5% of the share capital including the company’sstatutory reserves. Given the conservative assumptions in the issuing prospectus, and in light of the gratifyingpositive development in the charter market for container ships, there is a good chance that theresults will exceed this basic calculation and thereby generate sustained growth in the share’s value.High transparency thanks to discerning standards in communicationDue to the large denominations of shares, and the overriding placement being with institutional investorswith a long-term investment horizon, the HCI HAMMONIA SHIPPING AG share has only had a low levelof liquidity in stock exchange trading to date. As a result, the number of shareholders is also considerablylower than for typical public companies. Nevertheless, HCI HAMMONIA SHIPPING AG has setitself the goal of gaining the confidence of investors by means of open communication on the basis ofthe established capital market standards, and of bolstering this investor confidence in the company.The preparation of the accounts in accordance with the internationally recognised IFRS guidelines, aswell as quarterly reporting, will contribute to this.WKN / ISINA0MPF5 / DE000A0MPF55Exchange mnemonic / Reuters / BloombergHHX.HAM / HHX.DE / HHX: GRStock categoryNo-par-value bearer ordinary sharesNo. of shares 136,414Designated SponsorsHSH Nordbank AG, Nord/LBShare price: 2007 highest price EUR 1,130.002007 lowest price EUR 1,100.002007 year-end price EUR 1,120.00Market capitalisation (28 Dec 2007)EUR 152.78 million13