EQS-Adhoc

Airopack Technology Group AG secures funding to double its manufacturing capacity - Seite 2

Funding secured

ATG will fund its business plan with a combination of (i) a capital increase with expected net proceeds of approximately EUR 11.7 million, (ii) an additional EUR 10 million debt facility provided by funds managed by affiliates of Apollo Global Management, LLC (the "Apollo Funds"), and (iii) asset-based financing, including lease and factoring provided by Rabobank and KBC respectively.

Capital increase

A private placement of 1,228,955 registered shares in ATG with a nominal value of CHF 5.00 per share has been fully subscribed by investors at an issue price of CHF 10.65 each. Apollo Funds will participate in the private placement pro rata for their current shareholding. New shares will be issued from the authorized capital and will be entitled to dividends from the financial year 2017 onwards. Completion of the private placement and listing of the new shares in accordance with the Swiss Reporting Standard of SIX Swiss Exchange is expected in the first half of July 2017.

 

For more information:

For media:


Hill + Knowlton Strategies

Frans van der Grint


T: 31 (0) 20 404 4707

E-Mail: [e-mail]

For investors:

Airopack Technology Group AG

Quint Kelders, CEO / Liebwin van Lil, CFO

Zugerstrasse 76b

CH-6340 Baar

TF: [phone]

E-Mail: [e-mail]

E-Mail: [e-mail]
www.airopackgroup.com

 

Airopack Technology Group AG is a leading developer and supplier of mechanical and pressure-controlled dispensing packaging technologies and systems for manufacturers and suppliers of cosmetics, body care, pharmaceutical and food products. The revolutionary and worldwide and solely by ATG patented Airopack(R) technology offers a safe, all-plastic pressurized dispenser that is environmentally and planet friendly.