Draka Holding N.V.: Draka successfully completes placement of
8,119,370 new ordinary shares
(Thomson Reuters ONE) - Draka Holding N.V. ("Draka" or the "Company") announces that hassuccessfully raised ? 50.3 million through an accelerated bookbuildoffering (the "Offering") of 4,057,654 new ordinary shares (the"Shares") at a price of ? 12.40 per Share. Draka also agreed to issue4,061,716 shares via a private placement to its large shareholderFlint Beheer B.V. ("Flint") at the same terms and conditionsestablished through the Offering. It concerns a total of 8,119,370shares at a price of ? 12.40 per share, corresponding with an amount? 100.7 million.Allocation of the Shares has taken place today on 2 October 2009.Payment for and delivery of the Shares issued via the Offering isexpected to take place on 7 October 2009, at which date the newlyissued Shares are expected to be admitted to listing on NYSE Euronextin Amsterdam.An extraordinary general meeting of shareholders to be held on 22October 2009 will be convened to, inter alia, approve the privateplacement of 4,061,716 Shares to Flint and to approve the issue ofpreference shares to the two holders of Draka's preference sharesthat currently hold more than 5% of its issued share capital allowingsuch holders to maintain their holdings above 5%. Flint has committedto vote in favor of the above at the meeting.Draka will request admission to listing and trading of the Sharesissued to Flint within 90 days of the date of issue of these Sharesand following publication of a prospectus to be published inconnection with the listing of these Shares.After settlement of the total issuance, Draka's issued ordinary sharecapital will consist of 48,736,530 shares.Use of proceedsAround ? 75 million of the proceeds will be used to strengthen thecompany's financial position, enabling Draka to take advantage offuture growth opportunities.The remaining proceeds of around ? 25 million will be used foradditional restructuring measures to lower the cost base. Measuresinclude the intended closure of a factory, the further downscale ofits automotive cable production and various efficiency measures inthe Communications Group. In addition to the already announcedexpected cost savings of ? 50 million, these measures are currentlyexpected to result in savings of approximately ? 10 million in 2010.Sole Global Coordinator and Sole Bookrunner for the OfferingFortis Bank Nederland / MeesPierson Corporate Finance & CapitalMarkets acted as Sole Global Coordinator and Sole Bookrunner for theOffering.Amsterdam, 2 October 2009NOTE FOR EDITORS: for more information, please contact:Draka Holding N.V.:Michael Bosman - Director Investor RelationsT: +31 20 568 9805 / E: michael.bosman(at)draka.comCautionary note regarding forward-looking statementsThis announcement contains forward-looking statements.Forward-looking statements are statements that are not based onhistorical fact, including statements about our beliefs andexpectations. Any statement in this announcement that expresses orimplies our intentions, beliefs, expectations or predictions (and theassumptions underlying them) is a forward-looking statement. Suchstatements are based on plans, estimates and projections as currentlyavailable to the management of Draka. Forward-looking statementstherefore speak only as of the date they are made and we assume noobligation to publicly update any of them in the light of newinformation or future events.Forward-looking statements involve inherent risks and uncertainties.A number of significant factors could therefore cause actual futureresults to differ materially from those expressed or implied in anyforward-looking statement. Such factors include but are not limitedto conditions on the markets in Europe, the United States andelsewhere from which we derive a substantial portion of our revenue,potential defaults on the part of borrowers or tradingcounterparties, the implementation of our restructuring programmeincluding the envisaged reduction in headcount and the reliability ofour risk management policies, procedures and methods. For moreinformation on these and other factors, please refer to our annualreport. The forward-looking statements contained in this announcementare made as of the date hereof and the companies assume no obligationto update any forward-looking statement contained in thisannouncement.+-------------------------------------------------------------------+| 2009 financial calendar (provisional) || ||-------------------------------------------------------------------|| | || Publication of 2009 second-half | Thursday, 12 November || trading update | 2009 || | (before start of trading) || | |+-------------------------------------------------------------------+Pdf version of the press releasePdf versie van het persberichtCompany profileDraka Holding N.V. ('Draka') is the holding company of a number ofoperating companies that are active worldwide in the development,production and sale of cable and cable systems. Draka's activitiesare divided into three groups: Energy & Infrastructure, Industry &Specialty and Communications.Within these three groups, the activities are organised intodivisions. Energy & Infrastructure consists of the Europe andAsia-Pacific divisions; Industry & Specialty consists of theAutomotive & Aviation, Elevator Products, Cableteq USA and Industrialdivisions and the Communications Group comprises the TelecomSolutions, Multimedia and Specials, Americas and Optical Fiberdivisions.Draka has 68 operating companies in 30 countries throughout Europe,North and South America, Asia and Australia. Worldwide, the Drakacompanies employ some 9,900 people. Draka Holding N.V.'s head officeis in Amsterdam. In 2008, Draka reported revenue of ? 2.7 billion andnet income of ? 83.5 million (excluding non-recurring items).Draka Holding N.V. ordinary shares and subordinated convertible bondsare listed on NYSE EuronextAmsterdam. The company has been included in the Next150 index since2001 and the AMX index(Amsterdam Midkap index) since 4 March 2008. Options on Draka sharesare also traded onthe NYSE Euronext Amsterdam Derivative Markets.More information on Draka Holding N.V. can be found at www.draka.com.The Shares have not been and will not be registered under the USSecurities Act of 1933, as amended (the "US Securities Act") and maynot be offered or sold in the United States absent registration or anexemption from registration. The Company does not intend to registerany portion of the Offering in the United States or to conduct apublic offering of securities in the United States.In relation to each member State of the European Economic Area whichhas implemented the Prospectus Directive (as defined below) (each, a"Relevant Member State"), with effect from and including the date onwhich the Prospectus Directive is implemented in that Relevant MemberState (the "Relevant Implementation Date"), the Offering will not bemade to the public in that Relevant Member State, except, with effectfrom and including the Relevant Implementation Date:(i) to qualified investors (as defined in the Prospectus Directive orimplementing legislation in the Relevant Member State) ("QualifiedInvestors");(ii) to fewer than 100 natural or legal persons (other than qualifiedinvestors as defined in theProspectus Directive); or(iii) in any other circumstances which do not require the publicationby the Company of aprospectus pursuant to Article 3 of the Prospectus Directive.For the purposes of this provision and when used elsewhere in thisannouncement, the expression an "offer of Shares to the public", orany similar expression, in relation to any Shares in any RelevantMember State means the communication in any form and by any means ofsufficient information on the terms of the Offering and the Shares tobe offered so as to enable an investor to decide to purchase orsubscribe for the Shares, as the same may be varied in that MemberState by any measure implementing the Prospectus Directive in thatMember State and the expression "Prospectus Directive" when used inthis announcement means Directive 2003/71/EC and includes anyrelevant implementing measure in each Relevant Member State.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 02.10.2009 - 10:11 Uhr
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News-ID 6518
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