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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

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
30.09.2005
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 www.preciouswoods.com.
end of announcement                               euro adhoc 30.09.2005 19:31:47

Kontakt:

Precious Woods Holding AG, Zug
Dr. Theodor Scheidegger, CFO
Tel. 41 1 245 80 10
mailto:office@preciouswoods.ch

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

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Weitere Storys: Precious Woods Holding Ltd.