A-TEC Industries AG

EANS-Adhoc: A-TEC Industries AG
A-TEC INDUSTRIES AG launches offering of bonds due 2014 with conditional conversion rights

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Company Information/Offering of Bond

23.09.2009

AD-HOC RELEASE Vienna, 23 September 2009 A-TEC INDUSTRIES AG launches offering of bonds due 2014 with conditional conversion rights

A-TEC INDUSTRIES AG (the "Company") announces today that it is launching an offering of bonds due 2014 (the "Bonds") with conditional conversion rights into common bearer shares with no par value of the Company (the "Shares") to institutional investors in Austria and other jurisdictions outside the United States, Canada, Australia and Japan (the "Offering") in an aggregate principal amount of approximately EUR85 million, with an increase option of up to EUR30 million and an overallotment option of up to EUR10 million, exerciseable until the second day prior to the settlement date.

Upon exercise by bondholders of their option right, the Bonds will initially be settled in cash or, at the Company's discretion, existing Shares of the Company. Once the shareholders' meeting by resolution has approved the inclusion of a conversion right in the terms of the Bonds to allow bondholders to convert their Bonds into newly issued Shares, the exclusion of existing shareholders' subscription rights and the adjustment of the conditional capital of the Company to satisfy conversion rights under convertible bonds of up to EUR13.1 million, and the conditional capital so amended has been registered with the Company's commercial register (Firmenbuch), any exercise of option rights will be settled only in Shares.

An extraordinary shareholders' meeting is scheduled to be held on or about 19 October 2009.

Simultaneously with the Offering and depending on market conditions, the Company may repurchase a portion of its 2.75% Convertible Bonds issued in 2007 and due 2014 and may use part of the net proceeds from the Offering for such buyback. The remainder of the net proceeds will be used for general corporate purposes.

The Bonds are expected to have an annual coupon in the range of 8.25% - 8.75% per annum and the initial exercise price is expected to be set at a premium of between 25% - 30% to the volume weighted average price of the Shares on the Vienna Stock Exchange during the bookbuilding period today. The Bonds will be issued at 100 % of their principal amount and, unless previously redeemed, exercised or cancelled, will be redeemed on 27 October 2014 at par plus accrued interest. The closing and settlement of the Offering is expected to occur on or around 27 October 2009.

It is intended that an application will be made to admit the Bonds to trading on the third market of the Vienna Stock Exchange. The final terms of the Bonds will be published via the electronic media in accordance with § 48d of the Austrian Stock Exchange Act (BörseG) and on the homepage of the Company (www.a-tecindustries.com).

Nomura International plc has been appointed as the sole lead manager and bookrunner for the Offering.

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ots Originaltext: A-TEC Industries AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Contact Investor Relations:
Gerald Wechselauer
Phone:  +43 1 22760 - 130
Email: ir@a-tecindustries.com

Press Office A-TEC Industries AG
Claudia Müller-Stralz
Pleon Publico Public Relations & Lobbying
Phone: +43-1-71786-107
E-Mail: claudia.mueller@pleon-publico.at

Branche: Holding companies
ISIN:      AT00000ATEC9
WKN:        
Index:    ATX Prime
Börsen:  Wien / Regulated free trade



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