Straumann Group generates CHF 260 million cash from sale of treasury shares to finance strategic acquisitions/investments

 

 
  • Accelerated book-building offering successfully completed, reflecting strong demand for shares
     
  • Group retains financial flexibility to further invest in growth initiatives
     
 

Basel, 6 September 2017 – The Straumann Group announced today that it has sold 432 665 of its treasury shares (representing 2.7% of the Group’s share capital) through an accelerated book-building placement. The shares were broadly placed with institutional investors at a price of CHF 600 per share. The Group acquired the shares at the end of August 2016 for CHF 376.20 per share.

 

The Group is using the (gross) proceeds of CHF 260 million to finance the strategic acquisitions/investments announced recently in the fields of orthodontics (ClearCorrect) and digital dentistry (Dental Wings, Rapid Shape).

 

Peter Hackel, Chief Financial Officer, explained: “Since purchasing the shares, we have generated significant additional value for shareholders, which is reflected in the share price increase of 60%. We were able to benefit directly from this and have sold the shares to further invest in fast-growing operational businesses that will contribute to our long-term success.”

 

 

About Straumann

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.

 

 

Straumann Holding AG, Peter Merian-Weg 12, 4002 Basel, Switzerland.

Phone: +41 (0)61 965 11 11 / Fax: +41 (0)61 965 11 01

Homepage: www.straumann-group.com

 

 

Contacts

 

Corporate Communication:

Mark Hill, +41 (0)61 965 13 21

Thomas Konrad, +41 (0)61 965 15 46

corporate.communication@straumann.com

 

Investor Relations:

Fabian Hildbrand, +41 (0)61 965 13 27

investor.relations@straumann.com

 

 

Disclaimer

These materials may not be published, distributed or transmitted, directly or indirectly, in or into the United States. These materials do not constitute an offer of securities for sale or a solicitation of an offer to purchase securities (the “Shares”) of Straumann Holding AG (the “Company”) in the United States or any other jurisdiction. The Shares of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The Shares of the Company have not been, and will not be, registered under the Securities Act or any U.S. state security laws. This publication constitutes neither an offer to sell nor a solicitation to buy securities.

 

The Shares that are the subject of the private placement are not being offered or sold to any person in the United Kingdom, other than to qualified investors as defined in Section 86(7) of the Financial Services and Markets Act 2000, being persons falling within Article 2.1(E)(i), (ii) or (iii) of Directive 2003/71/EC of the European Parliament and of the Council dated 4 November 2003 (Prospectus Directive), which includes legal entities which are regulated by the Financial Services Authority and entities which are not so regulated whose corporate purpose is solely to invest in securities and who also fall within the definition of "Investment Professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005 (the "FPO") and high net worth entities falling within Article 49(2)(a) to (d) of the FPO.

 

This release contains certain forward-looking statements that reflect the current views of management. Such statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Straumann Group to differ materially from those expressed or implied in this release. Straumann is providing the information in this release as of this date and does not undertake any obligation to update any statements contained in it as a result of new information, future events or otherwise.

 

 

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