Clariant AG : Clariant AG : Clariant Announces Early Redemption of Convertible
Clariant AG / Clariant AG : Clariant Announces Early Redemption of Convertible
Bond . Processed and transmitted by Thomson Reuters ONE. The issuer is solely
responsible for the content of this announcement.
*Convertible bond 2009 - 2014 of CHF 300 million will be earlyredeemed
*Conversion rights into registered shares
*New shares will be entitled to dividends for 2012
Muttenz, February 06, 2013 - Clariant, a world leader in Specialty Chemicals,
has decided to early redeem the 3% Convertible Bonds 2009-2014 of CHF 300
million (ISIN CH0101753892) with conversion rights into Clariant registered
shares with a nominal value of CHF 3.70 each taking effect on March 21, 2013,
based on the terms of the bonds.
On March 21, 2013, the convertible bonds will be redeemed at the total
principal amount plus interest accrued as far as bondholders do not exercise
their conversion rights by the end of March 12, 2013. An appropriate notice of
redemption is expected to be published on February 8, 2013, in Neue Zürcher
Given the current share price for Clariant registered shares, the Company
expects bondholders to largely or completely exercise their conversion rights.
In case all holders of the convertible bond make use of their conversion
rights, up to 36'186'971 registered shares based on the conditional capital of
the Company will be issued against the conversion. The new Clariant registered
shares will be entitled to dividends for the financial year 2012.
As far as the conversion rights are exercised, Clariant will reduce its net
debt and increase its equity.
CORPORATE MEDIA RELATIONS INVESTOR RELATIONS
Kai Rolker Ulrich Steiner
Phone +41 61 469 63 63 Phone +41 61 469 67 45
Stefanie Nehlsen Siegfried Schwirzer
Phone +41 61 469 63 63 Phone +41 61 469 67 49
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Source: Clariant AG via Thomson Reuters ONE
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