Zurich, 22 April 2010
Placement price of CHF 48.00 per share
The offering price per registered share of Swiss food group ORIOR AG, a leading producer of fresh convenience foods and refined meats, was set at the upper half of the price range at CHF 48.00. The shares were traded for the first time today on the SIX Swiss Exchange.
ORIOR announced details of its IPO on April 12, 2010. The definitive initial offer was for 3'425'000 ORIOR registered shares. Of these, 1,675,000 were newly issued as part of a capital increase, and 1'750'000 came from the holdings of previous majority shareholder Capvis. In addition, Capvis gave the bank syndicate an over-allotment option of up to 513'750 additional registered shares. This over-allotment option can be exercised up to May 22, 2010. ORIOR's share capital today consists of a total of 5,925,000 registered shares with a nominal value of CHF 4. The total volume of the transaction is CHF 164.4 million, or CHF 189.1 million if the overallotment option is exercised in full. The free float comes to about 58 %, or about 66 % if the over-allotment option is fully exercised. Based on the issue price, ORIOR's market capitalization is approximately CHF 284 million. Rolf Sutter, CEO of ORIOR, commented: "We are pleased to see such high demand for our shares. It confirms that investors have confidence in our company and its prospects for the future." ORIOR's shares are quoted on the Main Standard of the SIX Swiss Exchange from today. The ticker symbol is ORON. Payment and delivery of the shares is planned for April 27, 2010. Credit Suisse AG is carrying out the IPO as global coordinator and bookrunner. Bank Vontobel AG and Zürcher Kantonalbank are acting as co-lead managers.
Stock market information
Stock market: SIX Swiss Exchange, Main Standard
Ticker symbol: ORON
ISIN: CH 011 167736 2
Security number: 11 167 736
Common code: 049922701
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