Datwyler extraordinary general assembly approves capital increase
The extraordinary general assembly of Dätwyler Holding AG approved today the request by the Board of Directors of Datwyler to issue new authorised capital of up to a maximum of 10% of total share capital (equivalent to CHF 84,999.94) on or before 9 August 2018. In this regard, a new Article 3a was approved and incorporated into the company's bylaws.
At the Extraordinary General Meeting, Chairman Ulrich Graf explained that the authorised capital would increase Datwyler’s flexibility in implementing its growth strategy. The creation of authorised capital means that Datwyler can increase the share capital as and when necessary within the next two years, mainly with a view to potential acquisitions. The existing acquisition offer for UK company Premier Farnell plc is one such example, in relation to which Datwyler is considering how to proceed and will communicate in due course. Ulrich Graf emphasised that the authorised capital will only be paid in the case of planned acquisitions that cannot be funded primarily through other means.
Datwyler Group (www.datwyler.com)
The Datwyler Group is a focused industrial supplier with leading positions in global and regional market segments. With its technological leadership and customised solutions, the Group delivers added value to customers in the markets served. Datwyler concentrates on markets that offer opportunities to create more value and sustain profitable growth. The Technical Components division is one of Europe’s foremost high-service distributors of electronic, ICT and automation components and accessories. The Sealing Solutions division is a leading supplier of custom sealing solutions to global market segments, such as the health care, automotive, civil engineering and consumer goods industries. With a total of more than 50 operating companies, sales in over 100 countries and some 7'000 employees, the Datwyler Group generates annual revenue of some CHF 1'200 million. The Group has been listed on the SIX Swiss Exchange since 1986 (security number 3048677).
Enquiries: Guido Unternährer, Head of Corporate Communications, +41 41 875 19 00
Photos (in print quality): www.datwyler.com/en/media/image-library/
Financial Calendar: Interim Report 2016 12 August 2016
NOT FOR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL.
This communication is not an offer of securities in the United States, or a solicitation to purchase securities in the United States. The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the «Securities Act»), or under the securities law of any state or jurisdiction in the United States and may not be offered, sold, resold, transferred or delivered, directly or indirectly within the United States except pursuant to an applicable exemption from the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or jurisdiction of the United States. The issuer of the securities has not registered, and does not intend to register, any portion of its securities in the United States, and does not intend to conduct a public offering of securities in the United States. Copies of this communication are not being, and should not be, distributed or sent into the United States. In the European Economic Area, with respect to any Member State that has implemented Directive 2003/71/EC, as amended (together with any applicable implementing measures in any Member State, the «Prospectus Directive») this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive. These materials shall not constitute or form part of an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. This communication is being distributed only to, and is directed only at (a) persons outside the United Kingdom, (b) persons 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 (the »Order«), and (c) high net worth entities, and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(2) 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 should not act or rely on this communication or any of its contents. This publication constitutes neither a prospectus, nor a similar communication within the meaning of article 652a, article 752 and/or article 1156 of the Swiss Code of Obligations, nor a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. This publication constitutes neither an offer to sell nor a solicitation to buy securities of Datwyler.