euro adhoc: Winterthur Technologie AG
Restructuring & Recapitalisations
99.6
percent of subscription rights exercised
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Recapitalisations
21.09.2007
THIS DOCUMENTATION IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA.
Zug, September 21, 2007 - Following the end of the subscription period on September 20, Winterthur Technology Ltd, Zug, announces today that 99.6 percent of the allocated subscription rights were exercised in the CHF 106 million capital increase.
Winterthur Technology Ltd, Zug, announces today that in total 99.6 percent of the allocated subscription rights were exercised in its CHF 106 million capital increase. Of the 3,911,848 subscription rights allocated, 3,894,440 subscription rights were exercised to purchase 1,947,220 offered shares. Credit Suisse will sell 8,704 new shares for which subscription rights have not been exercised on the market.
For the purpose of the capital increase, existing shareholders were offered to purchase 1 new registered share at the subscription price of CHF 54.00 each for every 2 registered shares held. The subscription period ended on Thursday, September 20 at 12:00 CET. The first trading day for the newly issued shares is today, September 21 and payment and closing will take place on September 26. The newly issued shares are fully fungible, rank pari passu with all existing shares and will be entitled to dividends, if declared, for the financial year ending 2007 and for all subsequent financial years.
Winterthur Technology Group: Winterthur Technology Group (WTG), a leading international provider of complex abrasive technology, is headquartered in Zug and manufactures in Switzerland, Germany, Austria, Sweden, Belgium, the USA and Russia. It holds a 40-percent stake in the publicly listed Wendt (India) Ltd. WTG is a holding company under Swiss law which is listed on the SWX Swiss Exchange. It has approximately 1500 employees and in 2006 would have achieved sales of approximately EUR 202 million including the Wendt Group, which was acquired on June 26, 2007. Working closely with clients, the company develops and produces complex high-margin, high-tech abrasive technology consumables, primarily bonded abrasive wheels used in the automotive, turbine, tool and steel industry. WTG's main brands are Winterthur, Wendt, Rappold and SlipNaxos. WTG's products - vitrified grinding wheels, resin bonded grinding wheels, cut-off wheels, diamond and CBN grinding and dressing tools and tool grinding machines - are sold in all relevant European markets, as well as in North and South America and Asia.
Disclaimer This press release serves marketing purposes. The offer is
being made solely by means, and on the basis of the prospectus,
published by making it available free of charge at Winterthur
Technology Ltd, Zug, Oberer Deutweg 4, CH-8400 Winterthur,
Switzerland, Credit Suisse, Uetlibergstrasse 231, CH-8045 Zürich,
Switzerland. This press release is not being issued in the United
States of America ("United States"), Australia, Canada or Japan and
must not be distributed into such countries or via publications with
a general circulation in such countries. This press release does not
constitute an offer or invitation to purchase any securities in the
United States. The securities of Winterthur Technology Ltd, Zug, have
not been registered under the U.S. Securities Act of 1933, as
amended, ("Securities Act") and may not be offered, sold or delivered
within the United States absent from registration under or an
applicable exemption from the registration requirements of the United
States securities laws. This document is directed only at persons (i)
who are outside the United Kingdom or (ii) who have professional
experience in matters relating to investments falling within Article
19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (as amended) (the "Order") or (iii) who fall
within Article 49(2)(a) to (d) ("high net worth companies,
unincorporated associations etc.") of the Order (all such persons
together being referred to as "Relevant Persons"). Any person who is
not a Relevant Person must not act or rely on this communication or
any of its contents. Any investment or investment activity to which
this communication relates is available only to Relevant Persons and
will be engaged in only with Relevant Persons.end of announcement euro adhoc 21.09.2007 07:00:00
Further inquiry note:
Dr. Edgar Rappold, Delegate and CEO
Markus Brütsch, CFO
Phone: +41 52 234 41 41
E-mail: ir@winterthurtechnology.com
Fax: +41 52 234 41 06
www.winterthurtechnology.com
SWX Ticker Symbol: WTGN
ISIN: CH0021892606
Branche: Technology
ISIN: CH0021892606
WKN: 2189260
Börsen: SWX Swiss Exchange / official market