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euro adhoc: A-TEC Industries AG / Capital measures / A-TEC INDUSTRIES AG fixes terms for seven year Convertible Bonds

Geschrieben am 03-05-2007


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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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03.05.2007

A-TEC INDUSTRIES AG fixes terms for seven year Convertible Bonds

Vienna, 3 May 2007 - On 20 April 2007, A-TEC INDUSTRIES AG (ISIN
AT00000ATEC9) made a subscription offer with respect to
Convertible Bonds ("Bonds") exclusively to its existing
shareholders. Today, the management board of A-TEC INDUSTRIES AG
has set, with the consent of the company's supervisory board, the
final terms of the Bonds in the principal amount of E 225.0 each.

The Bonds have a 7 year maturity and investors have an early
redemption option at par after 5 years. A-TEC INDUSTRIES AG will be
entitled to redeem the bonds at par under certain circumstances,
including after 30 May 2011 subject to a 130% trigger.

Number of Bonds: 0.8 million

Issue Size: E180 million

Subscription price and initial conversion price per Bond: E
225.0. The subscription price and initial conversion price was
determined on the basis of a reference price per share of E 166.7
plus an initial conversion premium of 35%.

Interest rate: 2.75% per annum.

Redemption price: 100 % of the principal amount. This results in a
gross yield of 2.75 % per annum over the seven-year term of the
Bond.

The above terms were determined on the basis of a book-building
conducted with institutional investors on 3 May 2007.

M.U.S.T. Privatstiftung, the largest shareholder of
A-TEC-INDUSTRIES AG, and J.E. Loidold Privatstiftung have been
released from the restrictions on stock lending set out in the
lock-up agreement signed by them on 17 November 2006 in the context
of the initial public offering of A-TEC INDUSTRIES AG. The
restriction is lifted for up to 0.4 million shares.

Disclaimer:

The offer relating to Convertible Bonds of A-TEC INDUSTRIES AG did
not and this ad-hoc release does not constitute a public
offering in Austria.This announcement is made solely for
information purposes and constitutes neither an offer nor a
solicitation to buy the convertible bonds mentioned in this
announcement or any other securities of A-TEC INDUSTRIES AG. The
distribution of this ad-hoc release and the offer and sale
of the Convertible Bonds or the shares in certain jurisdictions may
be restricted by law. Any persons reading this ad-hoc release
should inform themselves of and observe any such restrictions. A
prospectus in accordance with the Prospectus Directive has not
been and will not be prepared.

THIS AD-HOC RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR A
SOLICITATION OF AN OFFER TO PURCHASE ANY SECURITIES IN THE
UNITED STATES. THE SECURITIES REFERRED TO HEREIN (INCLUDING THE
BONDS AND THE ORDINARY SHARES OF A-TEC) HAVE NOT BEEN AND WILL NOT
BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED
(THE "SECURITIES ACT") OR THE LAWS OF ANY STATE WITHIN THE U.S.,
AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO OR FOR
THE ACCOUNT OR BENEFIT OF U.S. PERSONS, EXCEPT IN A TRANSACTION NOT
SUBJECT TO, OR PURSUANT TO AN APPLICABLE EXEMPTION FROM, THE
REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OR ANY STATE
SECURITIES LAWS. THIS AD-HOC RELEASE AND THE INFORMATION
CONTAINED HEREIN MAY NOT BE DISTRIBUTED OR SENT INTO THE UNITED
STATES, OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES OF
THE SECURITIES DESCRIBED HEREIN WOULD BE PROHIBITED BY APPLICABLE
LAWS AND SHOULD NOT BE DISTRIBUTED TO UNITED STATES PERSONS OR
PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. NO
OFFERING OF THE BONDS IS BEING MADE IN THE UNITED STATES.

From the announcement of final terms of the issue of the Bonds
Deutsche Bank Aktiengesellschaft and its agents may, to the
extent permitted by and in accordance with applicable laws and
directives, effect transactions with a view to supporting the market
price of the Bonds and the A-TEC INDUSTRIES AG shares at a level
higher than that which might otherwise prevail for a limited period.
Such stabilising, if commenced, may be discontinued at any time
and must be brought to an end no later than the earlier of 30
days after the expected settlement date and 60 days after the
date of allotment of the Bonds. If commenced, such stabilising
may lead to a market price of the Bonds or the A- TEC INDUSTRIES
AG shares which may be higher than the level that would exist if no
such stabilising measures were taken and may indicate to the market
a price stability which without such stabilising might not prevail.
However, there is no obligation on Deutsche Bank to engage in such
stabilisation activities and such stabilisation, if commenced
(which may not occur before the final terms of the Bonds have been
announced), may be discontinued at any time and will end two
Vienna and London business days prior to the day of settlement.


end of announcement euro adhoc 03.05.2007 19:09:58
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ots Originaltext: A-TEC Industries AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Pressestelle A-TEC Industries AG
Mag. Claudia Müller-Stralz
Pleon Publico Public Relations & Lobbying
Tel: +43-1-71786-107
E-Mail: claudia.mueller@pleon-publico.at

Branche: Holding companies
ISIN: AT00000ATEC9
WKN:
Index: ATX Prime
Börsen: Wiener Börse AG / regulated dealing/prime standard


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