Exercise Period for SinterCast Warrants Successfully Completed
(Thomson Reuters ONE) -
[Stockholm, 6 October 2010] - SinterCast has successfully completed the exercise
period for warrants that entitled subscription for new shares in the Company.
Every two warrants entitled the holder to subscribe to one new share at SEK 25
per share.
In total, 904,540 of the 925,483 warrants were exercised, resulting in 452,270
new shares, corresponding to 97.7% of the outstanding warrants. The successful
completion of the warrant programme has resulted in a cash injection of SEK
11.3 million, prior to administrative costs. The Administrative costs are
expected to be approximately SEK 0.1 million.
The exercised warrants increase the number of shares by 452,270, resulting in a
new total number of SinterCast shares of 6,930,653 - an increase of 7.0%.
Likewise, the share capital has increased by SEK 452,270 to a total of SEK
6,930,653.
As soon as the increase in share capital has been registered by the Swedish
Companies Registration Office, the interim shares will be converted to shares.
The new shares are estimated to be accessible on accounts and subject to trading
on NASDAQ OMX Stockholm before the end of October 2010.
For and on behalf of the Board of Directors:
Dr. Steve Dawson
President & CEO
Tel: +46 8 660 7750
e-mail: steve.dawson(at)sintercast.com
SinterCast is the world's leading supplier of process control technology for the
reliable high volume production of Compacted Graphite Iron (CGI). With at least
75% higher tensile strength, 45% higher stiffness and approximately double the
fatigue strength of conventional grey cast iron and aluminium, CGI allows engine
designers to improve performance, fuel economy and durability while reducing
engine weight, noise and emissions. SinterCast produces a variety of CGI
components ranging from 2 kg to 17 tonnes, all using the same proven process
control technology. The end-users of SinterCast-CGI components include Aston
Martin, Audi, Caterpillar, Chrysler, DAF Trucks, Ford, Ford-Otosan, General
Electric Transportation Systems, General Motors, Hyundai, Navistar, Jaguar, Kia,
Land Rover, MAN Diesel, Porsche, PSA Peugeot-Citroën, Renault, Rolls-Royce Power
Engineering, Toyota, Volkswagen, Volvo and Waukesha Engine. The SinterCast share
is quoted on the Small Cap segment of the NASDAQ OMX Stockholm
(Stockholmsbörsen: SINT).
END
[HUG#1449545]
Press Release PDF:
http://hugin.info/1205/R/1449545/391427.pdf
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originality of the information contained therein.
Source: SinterCast via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 06.10.2010 - 14:55 Uhr
Sprache: Deutsch
News-ID 44365
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contact information:
Town:
Stockholm
Kategorie:
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"Exercise Period for SinterCast Warrants Successfully Completed"
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