Accu Holding AG
Accu Holding AG: Atlas Capital Markets to invest up to 13.5M CHF in Accu Holding AG via Atlas Alpha Yield Fund
EQS Group-Ad-hoc: Accu Holding AG / Key word(s): Financing/Capital Increase Press Release Atlas Capital Markets to invest up to 13.5M CHF in Accu Holding AG via Atlas Alpha Yield Fund. Emmenbrücke, 16th of November 2015 – Accu Holding AG (ACCU: SW), is pleased to announce that it has secured access to a CHF 13.5 million funding facility comprising CHF 5 million convertible bonds and a CHF 8.5 million share placement. Under an agreement signed on November 12th, 2015 (the “Agreement”), Atlas Capital Markets, the London based private alternative investment firm, has agreed to provide the financing over the next three years. ACCU has no obligation to draw on the funds on offer and will control the timing and maximum amount of any share placement and convertible bonds under this facility, subject to the requirement that the holding of ACCU shares by Atlas Capital Markets is not to exceed 14.9%. ACCU has also agreed to issue 150 000 warrants to Atlas Capital Markets, each carrying the right to subscribe for one new ordinary share in the company. 75 000 warrants have been issued at the signature date of the Agreement and 75 000 will be issued in connection with the issue of convertible bonds. The warrants will be exercisable for a period of three years from the signature date of the Agreement at an initial exercise price of CHF 15. The share placement and the issue of convertible bonds shall be carried out at various stages, depending on the needs of ACCU to finance future growth. ACCU further announces that the partial relocation of its Swiss based hydraulic-tooling manufacturing capacity at RCT will be completed by the end of November 2015 as announced at the last general assembly on June 16th. As of December 2015, RCT Hydraulic Tooling s.r.o., Slovakia will be able to contribute about 30% of the current production volume through toll-work for the facility in Klus. With this step the break-even point of the Swiss operation should be reduced and realigned to current market conditions; further relocation will be reviewed in the first quarter 2016. Contact: Andreas Kratzer Contact: Atlas Capital Markets Atlas Capital Markets – Company profile Accu Holding AG – Company Profile End of ad hoc announcement +++++ Additional features: Document: http://n.equitystory.com/c/fncls.ssp?u=EARSBLTLTS Document title: Atlas Capital Markets: CHF 13.5M 2015-11-16 News transmitted by EQS Schweiz AG. www.eqs.com – news archive: http://switzerland.eqs.com/de/News The issuer is responsible for the contents of the release. |
Language: | English | |
Company: | Accu Holding AG | |
Gerliswilstrasse 17 | ||
6021 Emmenbrücke | ||
Switzerland | ||
Phone: | +41 44 318 88 00 | |
Fax: | +41 44 318 88 02 | |
E-mail: | info@accuholding.ch | |
Internet: | www.accuholding.ch | |
ISIN: | CH0001366332 | |
Valor: | 136633 | |
Listed: | Foreign Exchange(s) SIX | |
End of News | EQS Group News Service |
413093 2015-11-16 |