The capital increase and share reallocation of its major shareholder mark the start of Feintool International Holding AG's repositioning on the capital market. The share offering consists of up to 1,494,802 registered shares. The price range per registered share offered is CHF 60 to 75. The provisional date for the listing and initial trading of the new registered shares is 21 June 2013.
The proposed capital increase will enable Feintool to continue its strategy of focusing on fineblanking and forming, which requires an extensive investment programme aimed at increasing efficiency and exploiting growth opportunities.
"Thanks to our leading competitive position, we succeeded in acquiring or being nominated for significant new product programmes in the last couple of financial years, particularly in the market for automated transmissions. We are convinced that the inflow of funds generated by the capital increase should enable us to secure additional growth potential over and above our medium-term sales target of CHF 600 million," says Feintool's Board Chairman Alexander von Witzleben.
Invitation to Media Conference.
| On Wednesday, 5 June 2013, Feintool will hold a media and investor conference at the SIX Exchange Convention Point, Selnaustrasse 20, Zurich, between 9.00 and 10.00 a.m. Board Chairman Alexander von Witzleben, CEO Heinz Loosli and CFO Thomas Bögli will present on the transaction and will be pleased to answer any questions. Registration is not required. |
Details of the capital market transaction
Feintool's share capital is to be increased through the issue of up to 557,871 new registered shares with a nominal value of CHF 10 per share. The new registered shares stemming from authorized capital will be offered to the shareholders on a 1-for-7 basis, i.e. one new registered share can be subscribed for every seven existing registered shares. No rights trading is being organized. The subscription period runs from 10 to 17 June 2013, 16.00 (CET).
Together with the new registered shares not subscribed in the subscription rights offer, up to 936,931 registered shares (including a greenshoe option of up to 150,000 registered shares) held by Artemis Beteiligungen III AG and Schroth Besitzgesellschaft mbh u. Co KG are being offered to investors as part of a public purchase offer in Switzerland as well as private placements in certain countries outside the USA.
The price range per registered share offered is CHF 60 to CHF 75. The definitive subscription and offer price will be determined in a bookbuilding process from 10 to 19 June 2013, 12.00 (CET) and is likely to be announced prior to the commencement of trading on 20 June 2013.
Upon full completion of the transaction, Artemis Beteiligungen III AG's shareholding in Feintool will decrease from 79.4% to 50.1% (upon full exercising of the greenshoe option) while the free float will increase to above 40%.
The transaction is being executed by Bank Vontobel AG and Joh. Berenberg, Gossler & Co. KG, as lead banks, with Zürcher Kantonalbank as a member of the syndicate.
Further information may be obtained from Karin Labhart, Media Spokesperson, at any time by calling +41 (0)32 387 51 57 or e-mailing karin.labhart@feintool.com
Transaction data at a glance
| Transaction | up to 1,494,802 registered shares (with a nominal value of CHF 10 per share) |
| of which capital increase | up to 557,871 registered shares |
| of which reallocation | up to 936,931 registered shares |
| Price range | CHF 60 to 75 |
| Subscription offer | 7:1 |
| Subscription period | 10 - 17 June 2013 |
| Bookbuilding | 10 - 19 June 2013 |
| Announcement of definitive issue price | 20 June 2013 (provisional) |
| Listing/first day of trading | 21 June 2013 (provisional) |
Brief profile of Feintool
Feintool is the world's leading technology group specializing in the development of fineblanking systems and the production of ready-to-install fineblanking and forming components, notably for the automotive industry. Feintool maintains close partnerships with its customers across the entire fineblanking and forming process - from component design, toolmaking and system construction through to large-scale series parts production. In addition to fineblanking, the Feintool Group also deploys other key processes such as precision forming and orbital technology, and is the world's only supplier of all-round solutions for the cost-effective manufacture of complex precision components. A further brand in its portfolio is IMA Automation - a leading manufacturer of automated assembly systems.
With its locations in Europe, Japan, China and the USA, Feintool Group is represented in the world's major automotive markets. Headquartered in Lyss, Switzerland, the Group has a headcount of just under 2,000. At its various locations, Feintool provides training at any given time for about 100 young people in a number of skills (multiskilled mechanics, design engineers and commercial trades).
Disclaimer
Diese Veröffentlichung stellt weder ein Angebot zum Verkauf noch eine Aufforderung zum Kauf von Wertpapieren der Gesellschaft dar. Diese Veröffentlichung gilt nicht als Emissionsprospekt im Sinne von Art. 652a und/oder 1156 OR oder als Kotierungsprospekt im Sinne des Kotierungsreglements der SIX Swiss Exchange. Das Angebot erfolgt ausschliesslich durch und auf der Basis des veröffentlichten Wertpapierprospektes (einschließlich etwaiger Nachträge dazu). Eine Anlageentscheidung hinsichtlich der öffentlich angebotenen Wertpapiere der Gesellschaft sollte nur auf der Grundlage des Wertpapierprospektes erfolgen. Der Wertpapierprospekt ist bei Bank Vontobel AG (Tel.: +41 58 283 70 03, Fax: +41 58 283 70 75, E-Mail: prospectus@vontobel.ch) kostenfrei erhältlich.
Dieses Dokument stellt kein Angebot zum Kauf von Wertpapieren in den Vereinigten Staaten von Amerika dar. Wertpapiere dürfen in den USA nur mit vorheriger Registrierung unter den Vorschriften des U.S. Securities Act von 1933 in seiner derzeit gültigen Fassung oder ohne vorherige Registrierung nur aufgrund einer Ausnahmeregelung verkauft oder zum Kauf angeboten werden. Es wird kein öffentliches Angebot von Wertpapieren in den USA durchgeführt.
This communication is directed only at persons (i) who are outside the United Kingdom or (ii) who have professional experience in matters relating to investments and who fall 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 investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Any person who is not a Relevant Person must not act or rely on this communication or any of its contents.
In connection with the offer or sale of the securities referred to herein, Bank Vontobel AG, Joh. Berenberg, Gossler & Co. KG and Zürcher Kantonalbank may over-allot the securities or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. Any stabilisation action or over-allotment will be conducted by Bank Vontobel AG in accordance with all applicable laws and rules. Save as required by law or regulation, Bank Vontobel AG does not intend to disclose the extent of any stabilisation action. No representation is made as to whether the Bank Vontobel AG will engage in any stabilisation activity or that this activity, if commenced, will not be discontinued without notice.
Feintool International Holding AG
Industriering 8
3250 Lyss
Switzerland
Media spokesperson
Karin Labhart
Phone +41 32 387 51 57
Mobile +41 79 609 22 02
karin.labhart@feintool.com
www.feintool.com
The press release can be downloaded from the following link:
