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Meyer Burger Technology AG

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Ad hoc news News vom 15.12.2016

Successful rights issue of Meyer Burger Technology Ltd – 99.9% of subscription rights exercised
 
Meyer Burger
 

Press Release

Thun, 15 December 2016

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES, THE EUROPEAN ECONOMIC AREA, THE UNITED KINGDOM, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION WHERE IT WOULD BE UNLAWFUL TO DO SO.

 
Successful rights issue of Meyer Burger Technology Ltd – 99.9% of subscription rights exercised
 

Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) announces today that 99.9% of the subscription rights have been exercised by the end of the rights exercise period on 15 December 2016, 12.00 noon CET. A total of 456,851,800 new registered shares had been offered. Existing shareholders were offered to subscribe for five new registered shares at an offer price of CHF 0.36 per registered share for each existing registered share held. The 593,870 newly issued registered shares for which subscription rights have not been exercised will be sold in the market. With completion of the capital increase, the company will receive gross proceeds in a minimum amount of CHF 164.5 million.

 

The first trading day of the new shares on SIX Swiss Exchange is expected to be on 20 December 2016. Delivery of the new shares against payment of the offer price is also expected to be on 20 December 2016. The share capital of Meyer Burger after completion of the rights offering will amount to CHF 27,411,108.00, divided into 548,222,160 registered shares with a nominal value of CHF 0.05 each.

 

With the completion of the ordinary capital increase as per 20 December 2016, the recapitalisation programme can be successfully implemented. With respect to the amendments of the terms of the CHF 100 million convertible bond (due in 2020) which have already been approved by the convertible bondholders, the approval of the High Court of the Canton of Berne is still outstanding.  

 

 

 

Contacts:

Werner Buchholz

Head of Corporate Communications

Phone: +41 (0)33 221 25 06

werner.buchholz@meyerburger.com

 

Ingrid Carstensen

Corporate Communications

Phone: +41 (0)33 221 28 34

ingrid.carstensen@meyerburger.com

 
 
 
Press Release