Sulzer : and medmix shares start trading separately on SIX Swiss Exchange – medmix announces final offer price of CHF 45 per new medmix share, resulting in gross proceeds of CHF 315 million
September 30, 2021 at 01:02 am
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In its oversubscribed, concurrent share offering, medmix set the offer price of its new shares at CHF 45 per share. Besides Switzerland, strong institutional investor demand came from the UK, France, Canada and USA. Based on a final offer size of 7'000'000 new shares, medmix has raised gross proceeds of CHF 315 million from the capital increase, yielding net proceeds of approximately CHF 295.2 million. The net proceeds will be used to finance organic and inorganic growth initiatives and for general corporate purposes. As previously announced, medmix' reference shareholder Tiwel Holding did not participate in the share offering, resulting in a free float of medmix of close to 60%. As a result of the capital increase, the number of issued shares of medmix will increase by 7 million registered shares to 41'262'370 registered shares with a par value of CHF 0.01 each, corresponding to a total market capitalisation of close to CHF 1.9 billion at the final offer price.
The listing and first day of trading of medmix shares on SIX Swiss Exchange is today, September 30, 2021. Settlement and delivery of the new shares issued in the capital increase against payment of the offer price is expected to occur on October 4, 2021.
Credit Suisse AG and UBS AG have acted as exclusive financial advisors to Sulzer in the context of the spin-off.
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Sulzer AG published this content on 30 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2021 05:01:07 UTC.
Sulzer AG is a Switzerland-based company engaged in pumping solutions and rotating equipment maintenance, as well as separation, reaction and mixing technology for the oil and gas, power generation and wastewater treatment industries. The Company operates four business divisions: the Pumps Equipment division offers a wide range of pumping solutions and related equipment, including centrifugal pumps and agitators for the oil and gas industry, among others; the Rotating Equipment Services division offers repair and maintenance services for industrial gas and steam turbines, turbocompressors, generators, motors and pumps; the Chemtech division offers products and services for separation, reaction, liquid application and mixing technology, and the Applicator Systems division offers dispenser systems and liquid application systems for the dental, healthcare and beauty markets, among others. The Company operates numerous subsidiaries.
Sulzer : and medmix shares start trading separately on SIX Swiss Exchange – medmix announces final offer price of CHF 45 per new medmix share, resulting in gross proceeds of CHF 315 million