Wavin,92.2 % TAKE UP OF RIGHTS OFFERING WAVIN;

Alleen voor leden beschikbaar, wordt daarom gratis lid!

Overig advies 17/07/2009 08:06
• 299,690,096 new ordinary shares subscribed for through the exercise of transferable subscription entitlements
• Rump offering of 25,315,544 new ordinary shares to take place today

Zwolle, Friday 17 July 2009 – Wavin N.V. (“Wavin” or the “Company”) announces that, in connection with its 4 for 1 rights offering (“Rights Offering”) of 325,005,640 new ordinary shares with a nominal value of EUR 0.05
each in the share capital of Wavin (the “Offer Shares”) at an offer price of EUR 0.70 per Offer Share (the “Offer Price”), it has received subscriptions for 299,690,096 Offer Shares through the valid exercise of transferable
subscription entitlements (“SETs”) by eligible holders of such SETs. This represents a take up of approximately 92.2 % of the offering size of approximately EUR 227 million.

Rump Offering
The SETs exercise period ended at 15:00 (CET) on Thursday 16 July 2009. Today, the Offer Shares that were issuable upon the exercise of SETs, but have not been validly subscribed for during the exercise period (the
“Rump Shares”), will be offered for sale by way of private placements to institutional and professional investors in the Netherlands and in certain other jurisdictions (the “Rump Offering”). ABN Bank N.V. (to be renamed The
Royal Bank of Scotland N.V. in due course), ING, MeesPierson and Rabo Securities (the “Global Coordinators”) have agreed to endeavour to procure purchasers for any Rump Shares at a price which is at least
equal to the Offer Price and any selling expenses (including any value added tax). Any Rump Shares not sold in the Rump Offering will be subscribed and paid for at the Offer Price by the Global Co-ordinators, in accordance
with the terms and subject to the conditions of the underwriting agreement entered into between the Global Coordinators
and the Company on 3 July 2009. The Rump Offering will commence with immediate effect and will end no later than 17:30 (CET) today.
If, upon completion of the Rump Offering, the aggregate proceeds for the Rump Shares offered and sold in the Rump Offering, after deduction of selling expenses (including any value added tax), exceed the aggregate
Offer Price for such Rump Shares (such amount, the “Excess Amount”), this Excess Amount will be paid in the following manner: each holder of a SET that was not exercised at the end of the exercise period will be entitled
to receive a part of the Excess Amount in cash proportional to the number of unexercised SETs reflected in such holder’s securities account, but only if that amount exceeds EUR 0.01 per unexercised SET. Reference
is made to the prospectus dated 6 July 2009 for more information. If Wavin has announced that an Excess Amount is available for distribution to holders of unexercised SETs and any such holders have not received payment thereof within a reasonable time following the closing of the Rump Offering, such holders should contact the financial intermediary through which they hold unexercised SETs.
The Company and the Global Co-ordinators cannot guarantee that the Rump Offering will be successfully completed. Neither Wavin, the Global Co-ordinators, the subscription agent nor any person procuring
subscriptions for the Rump Shares, will be responsible for any lack of Excess Amount arising from any placement of the Rump Shares in the Rump Offering.
Allotment of the Offer Shares is expected to take place today, Friday 17 July 2009. Issuance of, payment for and delivery of the Offer Shares is expected to occur on Wednesday 22 July 2009. Wavin expects that the Offer Shares will be listed and that trading in the Offer Shares will commence on Euronext Amsterdam by NYSE Euronext on Wednesday 22 July 2009.



Beperkte weergave !
Leden hebben toegang tot meer informatie! Omdat u nog geen lid bent of niet staat ingelogd, ziet u nu een beperktere pagina. Wordt daarom GRATIS Lid of login met uw wachtwoord


Copyrights © 2000 by XEA.nl all rights reserved
Niets mag zonder toestemming van de redactie worden gekopieerd, linken naar deze pagina is wel toegestaan.


Copyrights © DEBELEGGERSADVISEUR.NL