Precious Woods Holding Ltd.

euro adhoc: Precious Woods Holding AG, Zug
Financing, Stock Offerings (IPO) / Precious Woods places 713,000 shares - offer price fixed at CHF 113

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The placement of new registered shares of Precious Woods Holding Ltd, offered for subscription from 19 to 30 September 2005 in a public share offering in Switzerland and a private placement to institutional investors abroad, was successfully completed. The subscriptions more than twice covered the volume of shares offered. Run by Zürcher Kantonalbank, the sole lead manager and bookrunner, together with the selling agent Neue Zürcher Bank, all 713,000 registered shares offered were placed with institutional and private investors. The offer price established in the book-building process was fixed at CHF 113 per new registered share and is therefore 2% below the volume weighted average price during the book-building period.

Together with the proceeds from the rights offering to existing shareholders that took place in parallel with the share placement, the company receives net new funds of around CHF 95 million. These funds are being used mainly to finance the purchase of the business activities of the Dutch wood trading company A. van den Berg B.V., the purchase of additional forest in Brazil and the planned financial interest in the largest forestry group in the Democratic Republic of the Congo. Based on the closing price, the market capitalization of Precious Woods increases by a substantial 52% to around CHF 330 million.

Zürcher Kantonalbank has an over-allotment option for an additional maximum of 107,000 new registered shares, exercisable in full or in part at the placement price at any time up to 9 November 2005. In the event that the over-allotment option is exercised, the company will receive additional net funds of around CHF 11.5 million.

Precious Woods (SWX: PRWN) is active in the reforestation and sustainable management of tropical forests, downstream wood processing and trading of FSC certified timber and non-timber forest products. The shares of Precious Woods have been listed on the SWX Swiss Exchange since March 2002. More information about the company and its activities may be found on the website

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ots Originaltext: Precious Woods Holding AG, Zug
Im Internet recherchierbar:

Further inquiry note:
Precious Woods Holding AG, Zug
Dr. Theodor Scheidegger, CFO
Tel.  41 1 245 80 10

Branche: Forestry & Timber
ISIN:      CH0013283368
WKN:        982280
Index:    SPI
Börsen:  SWX Swiss Exchange / official dealing

Weitere Meldungen: Precious Woods Holding Ltd.

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