Meyer Burger to raise capital

Apr 26, 2013 - Meyer Burger (VTX:MBTN) will issue 36.1 million new registered shares valued at CHF 0.05 (USD 0.053/EUR 0.041) each as part of the capital increase, the Swiss solar equipment maker said Thursday.

The company aims to raise its share capital to over CHF 4.2 million from currently CHF 2.4 million. It will offer its existing shraeholders to subscribe for three new shares at an offer price of CHF 4.20 each for every four shares they already own.

The expected gross proceeds stand at CHF 151.7 million.

Shareholders will be able to exercise their subscription rights between April 29 and May 8. The new shares are to begin trading on the SIX Swiss Exchange on May 8.

Meyer Burger said that, subject to customary conditions, a banking syndicate has agreed to underwrite all new shares issued in the capital hike.

(CHF 1.0 = USD 1.061/EUR 0.814)

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