Zurich, 7 March 2018
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.
ORIOR AG (“ORIOR” or the “Company”) has successfully placed 592,499 new shares by way of an accelerated bookbuilding in a private placement with institutional investors.
ORIOR placed 592,499 new shares at CHF 75.50 per new share. The gross proceeds from the placement amount to CHF 44.7 million. The net proceeds from the capital increase will be used to finance the contemplated acquisition of Thurella which was announced on 1 March 2018. The placed shares are sourced from ORIOR's existing authorized share capital.
The new shares are expected to be listed and admitted to trading on SIX Swiss Exchange as per 8 March 2018. Payment and settlement is expected to take place on 9 March 2018. The new shares will rank pari passu with the existing shares, including full dividend entitlement for the financial year 2017.
As part of the placement, nebag ag, the main shareholder of Thurella, purchased 100,000 new shares and EGS Beteiligungen AG purchased 62,000 new shares at the offer price. Both investors have agreed to a lock-up period of 90 days, subject to customary exceptions.
Credit Suisse is acting as Sole Bookrunner in the placement.
Milena Mathiuet, Head Corporate Communication & IR
Telephone +41 44 308 65 13, Email: email@example.com