This document does not contain or constitute an offer to sell or a solicitation of any offer to buy securities in the United States or in any other jurisdiction in which such offer or solicitation is not authorized or to any person to whom it is unlawful to make an offer or solicitation. The securities of COLTENE Holding AG have not been and will not be registered under the United States securities laws and may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.
Media Release
COLTENE Holding AG Announces Results of the Rights Offering in Connection with the Financing of the Planned Acquisition of SciCan and Micro-Mega
Altstaetten, September 26, 2018 - In the course of the rights offering, existing shareholders of COLTENE Holding AG (SIX Swiss Exchange: CLTN) exercised 503,482 subscription rights for new shares offered. This represents 71.6% of the maximum number of new shares offered in the course of the rights offering.
In addition to the 503,482 offer shares subscribed by existing shareholders, the Company will place an expected number of 171,518 offer shares to investors in the course of the free share placement on September 27, 2018. COLTENE will issue a total of 675,000 new shares.
Due to the significant above-average exercise of subscription rights and the high demand during the bookbuilding period, COLTENE has decided to place a total of 675,000 of new shares and to obtain higher gross proceeds than the originally communicated proceeds of CHF 62.5 million. The targeted gross proceeds is expected to be approximately up to CHF 70 million. Thus, the acquisition of SciCan and Micro-Mega is financed to a greater extent through equity and a lower loan.
Based on the total number of offer shares COLTENE has defined the number of consideration shares to 1'081'580 new shares which are to be issued to the sellers of SciCan and Micro-Mega. The closing of the acquisition of SciCan and Micro-Mega is currently expected to occur on or around October 9, 2018.
Preliminary Transaction Timeline
End of the bookbuilding period | September 27, 2018, |
Announcement of the offer price | September 27, 2018, |
Listing and first day of trading day of the offer shares | on or around September 28, 2018 |
Payment of the offer price against delivery of offer shares | October 2, 2018 |
Sign up for email updates from COLTENE Holding AG at www.coltene.com.
For further information: Gerhard Mahrle, Corporate Communications/Investor Relations,
phone +41 71 757 54 37, mobile +41 79 346 23 02, e-mail gerhard.mahrle@coltene.com
Financial Calendar
Investora Zurich | September 27, 2018 |
Provider | Channel | Contact | ||
---|---|---|---|---|
EQS Group Ltd., Switzerland switzerland.eqs.com |
newsbox.ch www.newsbox.ch |
Provider/Channel related enquiries cs.switzerland@eqs.com +41 41 763 00 50 |