Feintool International Holding's current CHF 62.5 million convertible bond issue, under which bonds worth more than CHF 10 million have already been redeemed and which matures in February 2005, is to be replaced by a new convertible bond. The increase in the conditional capital will serve as payment for 240,000 shares with a nominal value of CHF 50 each. The planned convertible bond issue is being underwritten by a consortium of banks lead managed by swissfirst Bank AG, Zurich.
Based in Lyss, Switzerland, Feintool is a leading technology and systems provider in fineblanking/forming and assembly/automation. It is also a supplier of metal and plastic components.
Feintool operates globally with approximately 1700 employees at the company's own facilities in Switzerland (head office in Lyss), Germany, France, Italy, Great Britain, the United States, Japan and China. Around half its employees are located in Switzerland.
For further information, please contact:
Fritz Bösch, Chairman of the Board of Directors,
Reto Hartmann, CEO and Reto Welte, CFO
Phone +41 (0)32 387 51 11, fax +41 (0)32 387 57 81
The media release can be downloaded from the following link:
