Meyer Burger Technology Ltd (SIX Swiss Exchange MBTN) has successfully completed the share placement announced yesterday. In total, 4,800,000 new registered shares were placed through an accelerated bookbuild procedure as a private placement in Switzerland and outside of Switzerland in accordance with applicable securities laws. The shares were placed at a price of CHF 16.20 per registered share. The shares are issued out of the existing authorised capital of Meyer Burger, and result in gross proceeds of CHF 77.76 million for the Company. The share placement will increase Meyer Burger’s issued share capital to CHF 4,475,705.85, divided into 89‘514‘117 shares with a nominal value of CHF 0.05 each.
The first trading day of the new shares is on 21 March 2014. Delivery against payment of the new shares is expected to take place on 25 March 2014.
Credit Suisse and UBS have been acting as Joint Bookrunners in the share placement.
About Meyer Burger Technology Ltd
www.meyerburger.com
Meyer Burger is a leading global technology Group specialising on innovative systems and processes based on semiconductor technologies. The Group’s focus is on photovoltaics (solar industry) while its competencies and technologies also cover important areas of the semiconductor and the optoelectronic industries as well as other selected high-end markets based on semiconductor materials. The Group currently employs more than 1,700 people across three continents. Over the past ten years, Meyer Burger has risen to the forefront of the photovoltaic market and established itself as an international premium brand by offering superior precision products and innovative technologies.
The Group’s offering in systems, production equipment and services along the photovoltaic value chain includes the manufacturing processes for wafers, solar cells, solar modules and solar systems. Meyer Burger provides substantial added value to its customers and clearly differentiates itself from its competitors by focusing on the entire value chain.
The Group’s comprehensive product portfolio is complemented by a worldwide service network with spare parts, consumables, process know-how, customer support, after-sales services, training and other services. Meyer Burger Group is represented in Europe, Asia and North America in the respective key markets and has subsidiaries and own service centres in China, Germany, India, Japan, Korea, the Netherlands, Switzerland, Singapore, Taiwan and the USA. The Group is also working intensively to develop new markets such as South America, Africa and the Arab region. The registered shares of Meyer Burger Technology Ltd are listed on the SIX Swiss Exchange (Ticker: MBTN).
