17.09.2018 17:29:52
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Press Release: Feintool launches a placement of up to 451,871 new shares through an accelerated bookbuilding
Feintool International Holding AG / Feintool launches a placement of up
to 451,871 new shares through an accelerated bookbuilding. Processed
and transmitted by Nasdaq Corporate Solutions. The issuer is solely
responsible for the content of this announcement.
Feintool International Holding AG(1) today announced the launch of an
accelerated bookbuilding for the placement of up to 451,871 new
registered shares with a par value of CHF 10.00 each. The net proceeds
from the capital increase will be used to partially re-finance the
acquisition of Stanzwerk Jessen GmbH.
Feintool's main shareholder, Artemis Beteiligungen I AG, has committed
itself to purchase new shares at the offer price proportionally to its
shareholding of 50.32%. By doing so, Michael Pieper, who controls
Artemis Beteiligungen I AG, underlines his commitment to Feintool.
Feintool as well as Artemis Beteiligungen I AG have agreed to a 180 days
lock-up period subject to customary exceptions.
The new shares, corresponding to up to a maximum of 9.99% of Feintool's
currently listed share capital, will be sourced from the Company's
existing authorised share capital excluding subscription rights of
existing shareholders. The transaction will be executed by way of an
undocumented private placement and the new shares will be offered
exclusively to institutional investors in Switzerland and qualified
investors outside of Switzerland and the US. The offer price will be
determined by way of an accelerated bookbuilding procedure which will
start immediately. The offer price as well as the number of new shares
offered will be announced upon completion of the bookbuilding, which is
expected to take place on September 18, 2018.
The new shares are expected to be listed and admitted to trading on SIX
Swiss Exchange on September 20, 2018. Payment and settlement is expected
to also take place on the same date. The new shares will rank pari passu
with the existing shares, including full dividend entitlement for the
financial year 2018.
Credit Suisse is acting as Sole Bookrunner in the placement.
(1) "Feintool" or "Company" has the meaning of Feintool International
Holding AG
In brief
Feintool is an internationally active technology and market leader in
the field of fineblanking as well as a global provider of high-quality
and cost-effective fineblanked, formed and punched electro sheet metal
components. As an innovation driver, Feintool consistently expanding the
boundaries of these technologies and develops smart solutions for its
customers' needs.
On the one hand, Feintool offers complete production of precise
fineblanked, formed and punched electro sheet metal components in high
outputs for demanding industrial applications; while on the other, it
provides complete solutions in fineblanking and related processes.
The processes used by Feintool are ideally suited to implement
automobile industry trends. Thus, Feintool is a project and development
partner in the field of lightweight construction/sustainability, module
variations/platforms, and alternative drive concepts such as hybrid and
electric drives.
The company, founded in 1959 and headquartered in Lyss, Switzerland, has
its own production plants and technology centers in Europe, the United
States, China and Japan, so it is always near its customers. Around
2,600 employees and 70 trainees work worldwide on new solutions and
create key advantages for Feintool customers.
Disclaimer
This document is not an offer to sell or a solicitation of offers to
purchase or subscribe for shares. This document does not constitute a
prospectus or a similar communication within the meaning of article 752,
652a and/or 1156 of the Swiss Code of Obligations or a listing
prospectus within the meaning of the listing rules of the SIX Swiss
Exchange AG or a prospectus under any other applicable laws. Copies of
this document may not be sent to jurisdictions, or distributed in or
sent from jurisdictions, in which this is barred or prohibited by law.
The information contained herein shall not constitute an offer to sell
or the solicitation of an offer to buy, in any jurisdiction in which
such offer or solicitation would be unlawful prior to registration,
exemption from registration or qualification under the securities laws
of any jurisdiction.
This document is not for publication or distribution in the United
States of America, Canada, Australia or Japan and it does not constitute
an offer or invitation to subscribe for or purchase any securities in
such countries or in any other jurisdiction. In particular, the document
and the information contained herein should not be distributed or
otherwise transmitted into the United States of America or to
publications with a general circulation in the United States of America.
The securities referred to herein have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the
"Securities Act"), or the laws of any state, and may not be offered or
sold in the United States of America absent registration under or an
exemption from registration under the Securities Act. There will be no
offering of the securities in the United States of America.
The information contained herein does not constitute an offer of
securities to the public in the United Kingdom. No prospectus offering
securities to the public will be published in the United Kingdom. This
document is only being distributed to and is only directed at (i)
persons who are outside the United Kingdom or (ii) to investment
professionals falling within article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the "FSMA Order") or
(iii) persons falling within Articles 49(2)(a) to (d), "high net worth
companies, unincorporated associations, etc." of the FSMA Order, and
(iv) persons to whom an invitation or inducement to engage in investment
activity within the meaning of Section 21 of the Financial Services and
Markets Act 2000 may otherwise be lawfully communicated or caused to be
communicated (all such persons together being referred to as "relevant
persons"). The securities are only available to, and any invitation,
offer or agreement to subscribe, purchase or otherwise acquire such
securities will be engaged in only with, relevant persons. Any person
who is not a relevant person should not act or rely on this document or
any of its contents.
This communication does not constitute an "offer of securities to the
public" (within the meaning of Directive 2003/71/EC of the European
Union, as amended (the "Prospectus Directive") of the securities
referenced herein in any member state of the European Economic Area (the
"EEA"). Any offers of securities to persons in the EEA will be made
pursuant to an exemption under the Prospectus Directive, as implemented
in member states of the EEA, from the requirement to produce a
prospectus for offers of securities.
This publication may contain specific forward-looking statements. Such
forward-looking statements are subject to known and unknown risks,
uncertainties and other factors which may result in a substantial
divergence between the actual results, financial situation, development
or performance of the company and those explicitly or implicitly
presumed in these statements. Against the background of these
uncertainties, readers should not rely on forward-looking statements.
Feintool International Holding AG assumes no responsibility to up-date
forward-looking statements or to adapt them to future events or
developments.
Feintool International Holding AG
Industriering 8
3250 Lyss
Switzerland
Media Spokesperson
Karin Labhart
Telephone +41 32 387 51 57
Mobile +41 79 609 22 02
karin.labhart@feintool.com
www.feintool.com
The press release can be downloaded from the following link:
Press Release (PDF): http://hugin.info/100443/R/2216321/865619.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Feintool International Holding AG via Globenewswire
--- End of Message ---
Feintool International Holding AG
Industriering 8 Lyss Switzerland
ISIN: CH0009320091;
http://www.feintool.com
(END) Dow Jones Newswires
September 17, 2018 11:30 ET (15:30 GMT)
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