EQS-Adhoc: Airopack Technology Group AG: Successful completion of capital increase of Airopack Technology Group AG
07.07.2016 (www.4investors.de) -
EQS Group-Ad-hoc: Airopack Technology Group AG / Schlagwort(e): Kapitalerhöhung
Airopack Technology Group AG: Successful completion of capital increase of Airopack Technology Group AG
07.07.2016 / 20:13
Veröffentlichung einer Ad-hoc-Mitteilung gemäss Art. 53 KR.
Successful completion of capital increase of Airopack Technology Group AG
Baar, 7 July 2016 - Airopack Technology Group AG ("ATG") is pleased to announce that in connection with the strategic partnership (the "Strategic Partnership") entered into by ATG with funds (together the "Apollo Funds") managed by affiliates of Apollo Global Management, LLC ("Apollo") in December 2015, the capital increase of ATG in connection with the equity investment from the Apollo Funds was successfully completed. As a consequence of the equity investment from the Apollo Funds, ATG receives net proceeds in the amount of approximately CHF 43.5 million which will be used for the repayment of Resilux's outstanding shareholder loans and financial debts to Airolux of around EUR 37 million, working capital and capital expenditure for the long-term growth of ATG, and other general corporate purposes. In the capital increase, 4,145,611 registered shares in ATG with a nominal value of CHF 5 each were issued to the Apollo Funds at an issue price of CHF 11.22 each. The new shares will be listed in accordance with the Swiss Reporting Standard of SIX Swiss Exchange on 11 July 2016.
Further, as part of the Strategic Partnership, 1'832'529 warrants to purchase in aggregate up to 1'832'529 shares in ATG at an exercise price which is equal to the nominal value of that type of share were issued to the Apollo Funds today.
Following completion of the equity investment from the Apollo Funds, ATG's board of directors (the "Board") consists of Antoine Kohler (chairman of the Board), Quint Kelders, Dr. Attila Tamer, Okko Filius, Robert Seminara, Ralf Ackermann and Lorenzo Levi.
In connection with the Strategic Partnership with the Apollo Funds, Q-Invest B.V., who will remain the principal shareholder of ATG, today entered into a shareholders' agreement (the "Shareholders' Agreement") with the Apollo Funds containing, inter alia, undertakings regarding the right for each party to propose up to three members of the Board and the joint right to propose an independent non-executive director of ATG.
As a consequence of the entering into the Shareholders' Agreement, Q-Invest B.V. and the Apollo Funds and the respective related parties constitute a group of shareholders acting in concert within the meaning of the applicable Swiss disclosure laws, with an aggregate shareholding of 55.11% of the shares and voting rights in ATG. Assuming that all warrants issued to the Apollo Funds and all employee share options issued to Quint Kelders will be exercised, the group of shareholders will hold 66.45% of the shares and voting rights in ATG.
ATG have retained Greenhill & Co. and OXEYE Advisors as financial advisers in respect of this transaction, and have been advised by Heron Legal in respect of Dutch law, Lenz & Staehelin in respect of Swiss law, and Bryan Cave in respect of English law.
For more information:
Airopack Technology Group AG Hill + Knowlton Strategies
Quint Kelders, CEO / Frans van der Vorst, CFO Frans van der Grint
Zugerstrasse 76b T: +31 (0) 20 404 4707 / M: + 31 (0) 6 29044053
CH-6340 Baar E-mail: email@example.com
TF: +31 416 300 800
Airopack Technology Group AG is a leading provider of innovative mechanical and pressure-controlled dispensing packaging technologies and systems. Its customers include worldwide manufacturers and suppliers of cosmetics, body care, pharmaceutical and food products.
The revolutionary and worldwide patented Airopack(R) technology offers a safe, all-plastic pressurized dispenser that is environmentally and planet friendly. With deliveries to the world's leading consumer brands, Airopack Technology Group reached a key milestone in 2015 with respect to commercial market entry when its technology was embraced by one of the world's leading consumer brands.
Airopack Technology Group is based in Waalwijk, The Netherlands, home to its Global Management, Research & Development and Customer Service functions. Airopack Technology Group is in the process of transferring its Ready to Fill manufacturing site from Bilten, Switzerland to Waalwijk, the Netherlands while at the same time substantially expanding its production capacity. In addition, it runs a Full Service Filling operation in Heist-op-den-Berg, Belgium.
The shares of the company are listed on the Swiss Reporting Standard of the SIX Swiss Exchange since 2010. (Ticker: AIRN / ISIN: CH0242606942).
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07.07.2016 Mitteilung übermittelt durch die Tensid EQS AG. www.eqs.com
Airopack Technology Group AG
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