Capital/Financing Update • Oct 24, 2017
Capital/Financing Update
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Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
No Keyword 24.10.2017
Leoben - THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN OR IN OR INTO OTHER COUNTRIES IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION MAY BE UNLAWFUL.
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft evaluates the issue of a deeply subordinated bond with an indefinite term and an early redemption option by the issuer after five years (hybrid bond). Details of the issue such as the total nominal value, issue price and coupon would be determined based on the respective applicable market conditions. At least a high, double-digit million volume (sub-benchmark size) would be expected. The execution of a potential issue particularly depends on given market conditions and the consent of the Supervisory Board and could still take place in the fiscal year 2017/18. The issue would be directed exclusively to institutional investors, a retail offer would not take place.
The potential proceeds of the issue should support the strategic investment program as the basis for the planned, long-term profitable growth. Furthermore, the potential proceeds are intended to strengthen AT&S's capital structure and to optimize the balance sheet structure via an IFRS equity instrument. Furthermore, AT&S targets to diversify the current investor base.
This announcement does not constitute or form part of any prospectus or offering document or solicitation or invitation of any offer to exchange for or to buy any securities; neither does it constitute a financial analysis or advice or recommendation regarding any financial instruments.
In line with foreign securities laws, particularly the US Securities Act of 1933, as amended ("Securities Act"), securities have not been registered and will not be registered with foreign securities authorities and in particular may not be offered or sold in the United States of America ("USA") without registration or an exemption from the registration requirements of the Securities Act. This announcement may not be disseminated in and/or within the USA, Australia, Canada or Japan or any other jurisdiction in which the distribution or dissemination may be unlawful and may not be distributed or forwarded to publications that are widely available in the USA. There will be no public offer of securities in the USA.
Further inquiry note: Elke Koch, Director Investor Relations & Communications Tel: +43 3842 200-5925; Mobile: +43 676 8955 5925; [email protected]
Marina Konrad, Head of Corporate Communications Tel: +43 3842 200-5423; Mobile: +43 676 8955 5423; [email protected] end of announcement euro adhoc
issuer: AT & S Austria Technologie und Systemtechnik Aktiengesellschaft Fabriksgasse 13 A-8700 Leoben phone: 03842 200-0 FAX: mail: [email protected] WWW: www.ats.net ISIN: AT0000969985 indexes: WBI, VÖNIX, ATX GP stockmarkets: Wien language: English
Aussendung übermittelt durch euro adhoc The European Investor Relations Service
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