EANS-News: Balda AG: Capex financing of the holding in TPK successful
Geschrieben am 15-04-2011 |
Lock-up agreed for 50 percent of Balda’s shares in TPK to the end of
July: for the remaining 50 percent, as before, to the end of October
2011
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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Company Information
Subtitle: Lock-up agreed for 50 percent of Balda’s shares in TPK to
the end of July: for the remaining 50 percent, as before, to the end
of October 2011
Bad Oeynhausen (euro adhoc) - Bad Oeynhausen, 15 April 2011 - The
Balda AG investment, TPK Holding Co. Ltd., has covered its Capex
financing requirements with the successful oversubscribed placement
of a convertible bond on favourable terms for 400 million US dollars.
Balda AG currently holds 16.1 percent of the shares in the
touchscreen manufacturer TPK. According to TPK, the targeted high
growth rates, which will also continue to support the positive rating
of the TPK share, can only be achieved with this volume of
investment. In order to ensure that the capital measure is a success,
all of TPK's major shareholders, including Balda, have promised the
underwriters of the bond a customary 90-day lock-up from the closing
of the convertible bond.
Consequently, from the end of July 2011, 50 percent of the shares
held by Balda in TPK will still be subject to a lock-up and, as
before, from the end of October 2011 none of the shares will be
subject to a lock-up.
Company profile of Balda AG The Balda Group develops and produces
complete plastic assemblies, electronic products and products for the
medical technology industry. Balda´s customers are leading companies
in the mobile phone, consumer electronics, electronic communications,
pharmaceutical and medical technology markets. The Group is
internationally positioned with production sites in China, Malaysia
and Germany. A subsidiary in the USA serves North American customers
in product design and development. Within the scope of its
shareholding in a leading touchscreen manufacturer in China, Balda is
participating in the dynamic development of the touchscreen displays
market.
* * *
This corporate news announcement contains forward-looking statements,
which are based on the current expectations of Balda´s management.
They therefore contain a range of risks and uncertainties because
they relate to future events and depend on circumstances that will
occur in the future, such as, for example, developments in the mobile
communications industry, changes in technology and the ability to
timely and successfully develop new products and various other
factors. Balda will neither revise these forward-looking statements
nor correct them in the event of any unexpected development, unless
there is a legal obligation to do so. This corporate news
announcement represents neither an offer to buy shares nor an
invitation to submit an offer to buy shares in the United States or
any other country. The shares in Balda AG (the "shares") may not be
offered or sold in the United States or to or for the account of U.S.
persons (as defined in Regulation S of the U.S. Securities Act of
1933, in its current version (the "Securities Act")), unless they are
registered or are exempt from registration under the Securities Act.
The shares have not been and will not be registered under the
Securities Act.
end of announcement euro adhoc
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ots Originaltext: Balda AG
Im Internet recherchierbar: http://www.presseportal.de
Further inquiry note:
Clas Röhl
Tel.: +49 (0) 5734 922-2728
croehl@balda.de
Branche: Semiconductors & active components
ISIN: DE0005215107
WKN: 521510
Index: CDAX, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade
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weitere Artikel:
- EANS-News: Balda AG: Capex-Finanzierung der Beteiligung TPK erfolgreich Lock-Up für 50 Prozent der TPK-Aktien von Balda bis Ende Juli, für
weitere 50 Prozent wie bislang bis Ende Oktober 2011
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Corporate News übermittelt durch euro adhoc. Für den Inhalt ist der
Emittent/Meldungsgeber verantwortlich.
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Unternehmen
Utl.: Lock-Up für 50 Prozent der TPK-Aktien von Balda bis Ende Juli,
für weitere 50 Prozent wie bislang bis Ende Oktober 2011
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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