This document does not contain or constitute an offer to sell or a solicitation of any offer to buy securities in the United States or in any other jurisdiction in which such offer or solicitation is not authorized or to any person to whom it is unlawful to make an offer or solicitation. The securities of COLTENE Holding AG have not been and will not be registered under the United States securities laws and may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.
Media Release
COLTENE Holding AG Completes Capital Increase Successfully and Announces an Offer Price of CHF 104.00 per Offer Share
Altstaetten, September 27, 2018 - COLTENE Holding AG (SIX Swiss Exchange: CLTN) successfully completed the capital increase to partially finance the acquisition of SciCan and Micro-Mega with gross proceeds of CHF 70.2 million. The offer price for the rights offering and the share placement was set to CHF 104.00 per share upon completion of the bookbuilding process.The discount compared to the volume weighted average price (VWAP) per share during the bookbuilding period amounts to 0.4%.
In the capital increase 503,482 shares have been subscribed by existing shareholders in the course of the rights offering and 171,518 shares were placed to investors in the share placement. Based on an offer price of CHF 104.00 COLTENE Holding AG generated gross proceeds of CHF 70.2 million. This corresponds to net proceeds of about CHF 67.8 million. The proceeds are entirely used to partially finance the acquisition of SciCan and Micro-Mega. The closing of the acquisition of SciCan and Micro-Mega is expected to occur on or around October 9, 2018.
The listing and first day of trading of the offer shares are set to tomorrow, September 28, 2018. The payment of the offer price against delivery of offer shares will be made on October 2, 2018.
After the completion of the offering, the share capital of COLTENE Holding AG will amount to CHF 489,400.00, divided into 4,894,000 registered shares with a par value of CHF 0.10 each. Following the completion of the acquisition of SciCan and Micro-Mega, and the related issue of 1,081,580 consideration shares to the sellers of SciCan and Micro-Mega, the share capital of COLTENE Holding AG will amount to CHF 597,558.00, divided into 5,975,580 registered shares with a par value of CHF 0.10 each.
Zürcher Kantonalbank acted as Lead Manager for the transaction.
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For further information: Gerhard Mahrle, Corporate Communications/Investor Relations,
phone +41 71 757 54 37, mobile +41 79 346 23 02, e-mail gerhard.mahrle@coltene.com
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