Datwyler Extraordinary General Assembly Approves Capital Increase

Altdorf, (PresseBox) - The extraordinary general assembly of Dätwyler Holding AG approved today the request by the Board of Directors of Datwyler to issue new authorised capital of up to a maximum of 10% of total share capital (equivalent to CHF 84,999.94) on or before 9 August 2018. In this regard, a new Article 3a was approved and incorporated into the company's bylaws.

At the Extraordinary General Meeting, Chairman Ulrich Graf explained that the authorised capital would increase Datwyler's flexibility in implementing its growth strategy. The creation of authorised capital means that Datwyler can increase the share capital as and when necessary within the next two years, mainly with a view to potential acquisitions. The existing acquisition offer for UK company Premier Farnell plc is one such example, in relation to which Datwyler is considering how to proceed and will communicate in due course. Ulrich Graf emphasised that the authorised capital will only be paid in the case of planned acquisitions that cannot be funded primarily through other means.

Dätwyler Holding AG

The Datwyler Group is a focused industrial supplier with leading positions in global and regional market segments. With its technological leadership and customised solutions, the Group delivers added value to customers in the markets served. Datwyler concentrates on markets that offer opportunities to create more value and sustain profitable growth. The Technical Components division is one of Europe's foremost highservice distributors of electronic, ICT and automation components and accessories. The Sealing Solutions division is a leading supplier of custom sealing solutions to global market segments, such as the health care, automotive, civil engineering and consumer goods industries. With a total of more than 50 operating companies, sales in over 100 countries and some 7'000 employees, the Datwyler Group generates annual revenue of some CHF 1'200 million. The Group has been listed on the SIX Swiss Exchange since 1986 (security number 3048677).

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