Meyer Burger Nearing Completion in Capital Increase with 97.54% Share Take-up

Meyer Burger Technology AG disclosed a significant uptake in its ongoing rights offering, with 97.54% of the shares being subscribed. This achievement, announced on April 2, 2024, represents a crucial step in the company's capital increase process. The total subscription reached 19,648,121,444 out of 20,144,423,886 offered shares, signaling strong investor confidence.

Sentis Capital, the largest shareholder, played a substantial role by committing up to CHF 50 million. This commitment included exercising all subscription rights and purchasing additional shares, totaling an investment of approximately CHF 32.76 million for over three billion shares. The unclaimed shares are set to be placed in the market, with final sale numbers expected to be disclosed on April 3, 2024.

The capital increase's successful subscription precedes the new shares' debut on the SIX Swiss Exchange on April 5, 2024. In related developments, Meyer Burger also adjusted the conversion prices for its outstanding EUR 145 million and EUR 216.3 million convertible bonds due in 2027 and 2029, respectively.

A Swiss Takeover Board decision clarified that Sentis Capital, along with DESRI Acquisition Holdings and other investors, would not be required to make a public takeover bid following the capital increase. This ruling is key to maintaining Meyer Burger's corporate direction post-capital expansion. Shareholders holding more than a 3% voting right are given a period to file any objections against the TOB's decision.