Press release BoxID: 168961 (Adval Tech Gruppe)
  • Adval Tech Gruppe
  • Freiburgstr. 556
  • 3172 Niederwangen
  • Contact person
  • Jean-Claude Philipona
  • +41 (31) 98082-75

Adval Tech – details of the planned capital increase by way of a rights offering

(PresseBox) (Niederwangen, ) After communicating its intention to pursue an equity offering on March 31, 2008, Adval Tech Holding Ltd, Köniz, (Adval Tech) announces today the details of the capital increase, on which today s Annual General Meeting of Adval Tech will have to decide. Adval Tech s shareholders will be offered one new registered share at a subscription price of CHF 275 for every registered share held. Subject to the approval by today s Annual General Meeting, the offering will raise gross proceeds of approximately CHF 100 million for Adval Tech.

The proceeds of the capital increase will be used to refinance the bridge loans related to the acquisition of Omni Investors Pte based in Singapore, which was completed on January 15, 2008.

If today s Annual General Meeting of Adval Tech approves the proposal of the Board of Directors, shareholders will be allocated one subscription right for every registered share with a nominal value of CHF 20 held at the record date on April 25, 2008. Subject to certain selling restrictions, one subscription right will entitle shareholders to subscribe for one new registered share at CHF 275 per share.

The subscription rights will be traded on the SWX Swiss Exchange between April 28, 2008 and May 5, 2008 and shall be exercisable from April 28, 2008 until 12.00 noon CET on May 6, 2008. Delivery of new shares against payment of the offer price will take place on May 9, 2008.

Based on the total of 365,000 new registered shares offered, Adval Tech will raise gross proceeds of approximately CHF 100 million. Credit Suisse in its role as Lead Manager, has fully underwritten the shares to be issued and is offering them to the shareholders of Adval Tech at the terms and conditions mentioned above.

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.