AT & S Austria Technologie und Systemtechnik Aktiengesellschaft
EANS-Adhoc: AT & S Austria Technologie und Systemtechnik Aktiengesellschaft / AT&S decides to issue a subordinated bond (hybrid bond)
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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is responsible for the content of this announcement.
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07.11.2017
Leoben - THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN OR IN OR INTO OTHER COUNTRIES IN
WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION MAY BE UNLAWFUL.
Management Board of AT & S Austria Technologie & Systemtechnik
Aktiengesellschaft has decided - based on today's approval from the Supervisory
Board and depending on market conditions - to issue a deeply subordinated bond
with an indefinite term and an early redemption option by the issuer after five
years (hybrid bond). HSBC Bank plc was mandated as sole structuring advisor and
sole bookrunner.
AT&S targets an issue amount of at least a high, double-digit million volume
(sub-benchmark size). The issue will be directed exclusively to institutional
investors with a minimum subscription of EUR 100,000; a retail offer will not
take place. The total issue amount will only be determined after an investor
roadshow. Details of such an issue like nominal volume, issue price and coupon
will be determined based on the respective applicable market conditions within a
book-building procedure.
The issue is expected to be closed still in November 2017. The proceeds of the
issue should support the strategic investment program as the basis for the
planned, long-term profitable growth. Furthermore, the potential proceeds are
intended to strengthen AT&S's capital structure and to optimize the balance
sheet structure via an IFRS equity instrument. Furthermore, AT&S targets to
diversify the current investor base.
Legal notice/Disclaimer:
This announcement does not constitute or form part of any prospectus or offering
document or solicitation or invitation of any offer to exchange for or to buy
any securities; neither does it constitute a financial analysis or advice or
recommendation regarding any financial instruments.
In line with foreign securities laws, particularly the US Securities Act of
1933, as amended ("Securities Act"), securities have not been registered and
will not be registered with foreign securities authorities and in particular may
not be offered or sold in the United States of America ("USA") without
registration or an exemption from the registration requirements of the
Securities Act. This announcement may not be disseminated in and/or within the
USA, Australia, Canada or Japan or any other jurisdiction in which the
distribution or dissemination may be unlawful and may not be distributed or
forwarded to publications that are widely available in the USA. There will be no
public offer of securities in the USA.
Further inquiry note:
Elke Koch, Director Investor Relations & Communications
Tel: +43 3842 200-5925; Mobile: +43 676 8955 5925; e.koch@ats.net
Marina Konrad, Head of Corporate Communications
Tel: +43 3842 200-5423; Mobile: +43 676 8955 5423; m.konrad@ats.net
end of announcement euro adhoc
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issuer: AT & S Austria Technologie und Systemtechnik Aktiengesellschaft
Fabriksgasse 13
A-8700 Leoben
phone: 03842 200-0
FAX:
mail: e.koch@ats.net
WWW: www.ats.net
ISIN: AT0000969985
indexes: ATX GP, VÖNIX, WBI
stockmarkets: Wien
language: English