Feintool launches a placement of up to 451,871 new shares through an accelerated bookbuilding.
Feintool International Holding AG¹ today announced the launch of an accelerated bookbuilding for the placement of up to 451,871 new registered shares with a par value of CHF 10.00 each. The net proceeds from the capital increase will be used to partially re-finance the acquisition of Stanzwerk Jessen GmbH.
Feintool’s main shareholder, Artemis Beteiligungen I AG, has committed itself to purchase new shares at the offer price proportionally to its shareholding of 50.32%. By doing so, Michael Pieper, who controls Artemis Beteiligungen I AG, underlines his commitment to Feintool.
Feintool as well as Artemis Beteiligungen I AG have agreed to a 180 days lock-up period subject to customary exceptions.
The new shares, corresponding to up to a maximum of 9.99% of Feintool’s currently listed share capital, will be sourced from the Company's existing authorised share capital excluding subscription rights of existing shareholders. The transaction will be executed by way of an undocumented private placement and the new shares will be offered exclusively to institutional investors in Switzerland and qualified investors outside of Switzerland and the US. The offer price will be determined by way of an accelerated bookbuilding procedure which will start immediately. The offer price as well as the number of new shares offered will be announced upon completion of the bookbuilding, which is expected to take place on September 18, 2018.
The new shares are expected to be listed and admitted to trading on SIX Swiss Exchange on September 20, 2018. Payment and settlement is expected to also take place on the same date. The new shares will rank pari passu with the existing shares, including full dividend entitlement for the financial year 2018.
Credit Suisse is acting as Sole Bookrunner in the placement.
Feintool is an internationally active technology and market leader in the field of fineblanking as well as a global provider of high-quality and cost-effective fineblanked, formed and punched electro sheet metal components. As an innovation driver, Feintool consistently expanding the boundaries of these technologies and develops smart solutions for its customers’ needs.
On the one hand, Feintool offers complete production of precise fineblanked, formed and punched electro sheet metal components in high outputs for demanding industrial applications; while on the other, it provides complete solutions in fineblanking and related processes.
The processes used by Feintool are ideally suited to implement automobile industry trends. Thus, Feintool is a project and development partner in the field of lightweight construction/sustainability, module variations/platforms, and alternative drive concepts such as hybrid and electric drives.
The company, founded in 1959 and headquartered in Lyss, Switzerland, has its own production plants and technology centers in Europe, the United States, China and Japan, so it is always near its customers. Around 2,600 employees and 70 trainees work worldwide on new solutions and create key advantages for Feintool customers.
¹ „Feintool“ or „Company“ has the meaning of Feintool International Holding AG
This document is not an offer to sell or a solicitation of offers to purchase or subscribe for shares. This document does not constitute a prospectus or a similar communication within the meaning of article 752, 652a and/or 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange AG or a prospectus under any other applicable laws. Copies of this document may not be sent to jurisdictions, or distributed in or sent from jurisdictions, in which this is barred or prohibited by law. The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, in any jurisdiction in which such offer or solicitation would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any jurisdiction.
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This publication may contain specific forward-looking statements. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, financial situation, development or performance of the company and those explicitly or implicitly presumed in these statements. Against the background of these uncertainties, readers should not rely on forward- looking statements. Feintool International Holding AG assumes no responsibility to up-date forward-looking statements or to adapt them to future events or developments.