99,93% of subscription rights exercised
Increase in capital by Adval Tech Holding Ltd
In terms of an increase in share capital, on April 25, 2008, Adval Tech Holding Ltd offered its existing shareholders the right to subscribe for one new registered share on the basis of each share already held, at a price of CHF 275 per share. The subscription period closed at 12 noon CET on Tuesday, May 6, 2008. 364,759 of the 365,000 subscription rights issued were exercised to purchase new shares. Credit Suisse sold on the market the 241 new shares for which rights were not exercised in the context of the offer for subscription. Trading of the new registered shares will commence today, May 7, 2008.
Payment and closing are due on May 9, 2008. All new registered shares issued will rank pari passu with the registered shares already issued and will be entitled to dividends, if declared, as of the 2008 financial year.
Adval Tech Gruppe
The Adval Tech Group is a leading global supplier of tools, special machinery, subassemblies, systems and volume components in the technology sectors of stamping and forming (metals) and injection molding (plastics). It is a supplier and value-adding partner for companies in selected industries where metal, plastic or composite components are manufactured and used in large volumes. Adval Tech covers the entire value chain: from product design and the development of volume components through design and production of the necessary molds and dies to complete manufacturing systems and the resulting production of components. The Adval Tech Group focuses on selected markets in the automotive, medical technology and consumer goods sectors.
Adval Tech trades on the markets under the names of Styner+Bienz, QSCH, AWM, Foboha, Teuscher and Omni.