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Clariant AG : Clariant Announces Early Redemption of Convertible Bond


Clariant AG /
Clariant AG : Clariant Announces Early Redemption of Convertible Bond
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  • Convertible bond 2009 - 2014 of CHF 300 million will be early  redeemed
  • 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 Zeitung.

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

Phone +41 61 469 63 63
kai.rolker@clariant.com
Ulrich Steiner

Phone +41 61 469 67 45
ulrich.steiner@clariant.com
Stefanie Nehlsen

Phone +41 61 469 63 63
stefanie.nehlsen@clariant.com
Siegfried Schwirzer

Phone +41 61 469 67 49
siegfried.schwirzer@clariant.com






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Source: Clariant AG via Thomson Reuters ONE

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