Straumann Group announces intention to sell treasury shares
Basel, 5 September 2017 – The Straumann Group announces its intention to place 432 665 of its own treasury shares, representing 2.7% of all the outstanding shares of Straumann Holding AG. The shares are being offered through an accelerated bookbuild offering with institutional investors. The offering process will start immediately, and the outcome will be announced in due course.
The proceeds from the sale will be used to finance the recently announced acquisitions/investments to accelerate the development of the Group’s digital platform (Dental Wings, Rapid Shape) and its entry into the attractive field of orthodontic aligners (ClearCorrect). The Group will hold the remaining treasury shares mainly for its long-term incentive grant and future employee participation plans and agreed to a 90 days lock-up period following the closing.
The Straumann Group (SIX: STMN) is a global leader in tooth replacement and orthodontic solutions that restore smiles and confidence. It unites global and international brands that stand for excellence, innovation and quality in replacement, corrective and digital dentistry, including Straumann, Instradent, Neodent, Medentika, etkon, ClearCorrect, Dental Wings, and other fully/partly owned companies and partners.
In collaboration with leading clinics, institutes and universities, the Group researches, develops, manufactures and supplies dental implants, instruments, CADCAM prosthetics, biomaterials and digital solutions for use in tooth replacement and restoration or to prevent tooth loss.
Headquartered in Basel, Switzerland, the Group currently employs approx. 4200 people (excl. Dental Wings and ClearCorrect) worldwide and its products, solutions and services are available in more than 100 countries through a broad network of distribution subsidiaries and partners.