Evolva announces results of the rights offering
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Reinach, Switzerland, 16 September 2015 – Evolva Holding SA (SIX: EVE, “Evolva” or the “Company”) today announces the results of its rights offering. In the fully underwritten rights offering as previously announced on 26 August and 3 September 2015, respectively, a total of 62,412,477 new registered shares with a nominal value of CHF 0.20 each sourced from existing authorised share capital were offered to eligible Evolva shareholders at a subscription price of CHF 0.92 per new share.
At the end of the subscription period on 16 September 2015, 12:00 noon CEST, subscription rights for 61,372,443 new registered shares had been validly exercised, representing 98.3% of the new registered shares offered. The number of new registered shares subscribed for includes approximately 1.9 million new shares for which an existing shareholder could not exercise the subscription rights due to technical reasons. These shares have therefore been purchased by Evolva SA at the subscription price with the commitment by the shareholder to purchase the shares from Evolva SA at the subscription price by the end of September 2015. The 1,040,034 registered shares for which the subscription rights were not exercised will be sold in the market. Through the rights offering, Evolva will receive gross proceeds in the amount of CHF 57.4 million which will be used to support the stevia launch and other growth initiatives.
Evolva’s issued share capital increased by CHF 13,000,000 to CHF 79,573,311.80, divided into 397,866,559 registered shares as a result of the rights offering and the issuance of 2,587,523 new registered shares which will be used as treasury shares to honour the Company’s obligations under the conversion agreement with Ventureast (further details in 2014 annual report page 88).
The listing and first trading day of the new registered shares on SIX Swiss Exchange, as well as delivery of the new registered shares against payment of the subscription price, are expected to occur tomorrow, 17 September 2015.
Click the following link for additional information. Due to legal restrictions, this is only available for Swiss residents.
Evolva is a pioneer and global leader in sustainable, fermentation-based approaches to ingredients for health, wellness and nutrition. Evolva’s products include stevia, resveratrol, vanillin, nootkatone and saffron. As well as developing its own proprietary ingredients, Evolva also deploys its technology for partners, providing them with a competitive edge and sharing in the returns they make. For more information see www.evolva.com. Questions about our fermentation approach? Have a look at our video.
+ 41 61 485 2005
|Jakob Dynnes Hansen
+ 41 61 485 2034
+ 41 61 485 2035
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