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Mersen — Share Issue/Capital Change 2009
Jun 10, 2009
1518_rns_2009-06-10_03b82813-6c76-4efc-aa6e-da10440a53ac.pdf
Share Issue/Capital Change
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Carbone Lorraine has increased its capital by €15.5 million through issuance of 800,000 new shares by two tranches under the "PACEO" (Step-up Equity Facility) program. This represents 5.6% of the initial share capital.
This issue complements the measures taken to cut costs, reduce the Group's structural working capital requirement and curb its investments. It will help Carbone Lorraine to withstand the current economic crisis effectively without jeopardizing the promising prospects associated with its growth drivers, notably renewable energies and Asia.
In May 2009, the PACEO program was awarded the Prize for the « Best financing transaction in 2008" from the Club des Trente.
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PRESS RELEASE
About Carbone Lorraine
World leader of graphite solutions and electrical components, Carbone Lorraine specializes in the implementing of high technology materials in demanding industrial environments and in the development of systems, which are fundamental to the smooth operation of the motor and the protection of electrical equipment. With over 85% of its sales carried out internationally, the Group holds leadership positions in all of its occupations.
| Advanced Materials and Technologies: | - N°1 worldwide in anti-corrosion equipment in graphite |
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| - N°2 worldwide in high temperature applications of isostatic graphite |
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| Electrical components and Technologies: | |
| Electrical Applications: | - N°1 worldwide in brushes for electrical motors |
| Electrical Protection: | - N°1 worldwide in fuses for powerful semi-conductors |
The Group is listed at Premier Marché de la Bourse de Paris and is a part of the following indices CAC Mid100, SBF120 et Next 150. Find Carbone Lorraine on Bloomberg: CRL FP and on Reuters: CBLP.PA
Visit our Internet website www.carbonelorraine.com
Analyst and Investor Contact
Sébastien Desarbres VP Investor Relations Carbone Lorraine
Tel.: +33 (0)1 46 91 54 49 [email protected]
Press Contact
- N°2 worldwide in industrial fuses
Publicis Consultants Vilizara Lazarova
Tel.: +33 (0)1 57 32 86 46 [email protected]