SIG Group AG: SIG launches an accelerated book building to raise around EUR 200 million to partially finance the acquisitions of Scholle IPN and Evergreen Asia
SIG Group AG / Key word(s): Capital Increase MEDIA RELEASE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL 17 May 2022 SIG launches an accelerated book building to raise around EUR 200 million to partially finance the acquisitions of Scholle IPN and Evergreen Asia As indicated during the announcement of the Scholle IPN acquisition in February 2022, SIG today launches an accelerated book building to raise around EUR 200 million by the placement of newly issued shares, each with a par value of CHF 0.01 (the “New Shares”), sourced from existing authorised share capital. SIG intends to use the net proceeds from the capital increase to fund, in part, the acquisitions of Scholle IPN and Evergreen Asia, which were announced on 1 February 2022 and on 5 January 2022, respectively. The remaining part of the consideration will be financed through a mix of cash and debt. For further information on these transactions, please click here and here. The placement price of the New Shares will be determined in an accelerated book building process with exclusion of existing shareholders’ pre-emptive rights and is expected to be published no later than tomorrow morning prior to market opening. The New Shares will be offered by way of a private placement exclusively to professional investors in Switzerland, and to institutional investors outside of Switzerland and the United States (in reliance on Regulation S under the U.S. Securities Act of 1933) and in the United States to qualified institutional buyers (in reliance on Rule 144A under the U.S. Securities Act). The New Shares are expected to be listed and admitted to trading on SIX Swiss Exchange on 19 May 2022. The New Shares carry full dividend rights for the fiscal year 2022 beginning on 1 January 2022. SIG has agreed to a lock-up period of 90 days from the Settlement Date, subject to customary exceptions.
Media contact: Lemongrass Communications About SIG Founded in 1853, SIG is headquartered in Neuhausen, Switzerland. The skills and experience of our approximately 5,900 employees worldwide enable us to respond quickly and effectively to the needs of our customers in around 70 countries. In 2020, SIG produced 38 billion carton packs and generated €1.8 billion in revenue. SIG has an AA ESG rating by MSCI, a 13.4 ESG Risk Rating (low risk) score from Sustainalytics and a Platinum CSR rating by EcoVadis. For more information, visit www.sig.biz.
The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness. This information does not constitute an offer or invitation to subscribe for or purchase any securities to any person in Switzerland, the United States, Australia, Canada, Japan or in any jurisdiction to whom or in which such offer or solicitation is unlawful. It is not being issued in countries where the public dissemination of the information contained herein may be restricted or prohibited by law. In particular, this information is not for publication or distribution, directly or indirectly, in or into the United States and should not be distributed to publications with a general circulation in the United States. 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Additional features: File: SIG_ABB_Launch_May22 End of ad hoc announcement |
Language: | English |
Company: | SIG Group AG |
Laufengasse 18 | |
8212 Neuhausen am Rheinfall | |
Switzerland | |
Phone: | +41 52 674 61 11 |
Fax: | +41 52 674 65 56 |
E-mail: | [email protected] |
Internet: | www.sig.biz |
ISIN: | CH0435377954 |
Listed: | SIX Swiss Exchange |
EQS News ID: | 1354881 |
End of Announcement | EQS News Service |
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1354881 17-May-2022 CET/CEST