HONG KONG, Sept. 13, 2010 (GLOBE NEWSWIRE) -- Rahoul Ray, CEO/President of Nexis Holdings Limited (Frankfurt:NHN), today announced that the Nexis Group is reviewing strategic options for the investment of proceeds from its recent private placement of Euro 140m.
Key terms of the Euro 140m private placement were released to the market on 8 September 2010 by Nexis Group's Executive Chairman Walter Filler.
Rahoul Ray stated that Nexis is presently working closely with its advisers to consider a range of strategic options for the use of placement proceeds, including:
- Acquisition that could add value to the company; and
- Specific building panel projects previously announced by Nexis
He said that Nexis had already contracted to acquire a number of revenue generating assets over the past 6 months, including over Euro 50m of property based assets in Australia. This week's private placement agreement of Euro 140m enhances Nexis Group's capacity to pursue a broad range of business and corporate opportunities in a number of countries. Rahoul Ray said that Nexis was actively seeking such opportunities and information on priority target areas is expected to be released by Nexis in the forthcoming week.
About Nexis Holdings Limited
Nexis Holdings Limited (www.nexisholdings.com) was listed on the Frankfurt Stock Exchange (symbol "NHN.F") in February 2009 and currently has approximately 1.6 billion shares on issue. The company's share price has risen by over 300% in the past 12 months and over 700% since its listing. Market capitalisation of Nexis at 7 September 2010 was Euro 2.5 billion.