At the close of the subscription period, shareholders of Adval Tech Holding Ltd have exercised a total of 99,93% of the subscription rights allocated in the context of the increase in share capital approved on April 25, 2008.
In terms of an increase in share capital, on April 25, 2008, Adval Tech Holding Ltd offered its existing shareholders the right to subscribe for one new registered share on the basis of each share already held, at a price of CHF 275 per share. The subscription period closed at 12 noon CET on Tuesday, May 6, 2008. 364,759 of the 365,000 subscription rights issued were exercised to purchase new shares. Credit Suisse sold on the market the 241 new shares for which rights were not exercised in the context of the offer for subscription. Trading of the new registered shares will commence today, May 7, 2008.
Payment and closing are due on May 9, 2008. All new registered shares issued will rank pari passu with the registered shares already issued and will be entitled to dividends, if declared, as of the 2008 financial year.
In terms of an increase in share capital, on April 25, 2008, Adval Tech Holding Ltd offered its existing shareholders the right to subscribe for one new registered share on the basis of each share already held, at a price of CHF 275 per share. The subscription period closed at 12 noon CET on Tuesday, May 6, 2008. 364,759 of the 365,000 subscription rights issued were exercised to purchase new shares. Credit Suisse sold on the market the 241 new shares for which rights were not exercised in the context of the offer for subscription. Trading of the new registered shares will commence today, May 7, 2008.
Payment and closing are due on May 9, 2008. All new registered shares issued will rank pari passu with the registered shares already issued and will be entitled to dividends, if declared, as of the 2008 financial year.
