Precious Woods Holding Ltd.

euro adhoc: Precious Woods Holding Ltd.
Capital measures

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Precious Woods Holding Ltd is to issue up to 300,000 registered shares, each with a par value of CHF 50, as part of a share capital increase. The new shares will among others be issued by a private placement with a limited group of institutional investors.

On 11 April 2007, Precious Woods Holding AG acquired majority holdings via its subsidiaries in CEB and TGI, companies both based in Libreville, Gabon. The Board of Directors of Precious Woods Holding AG resolved to increase its share capital by up to CHF 15 million by issuing up to 300,000 new registered shares, each with a par value of CHF 50, from authorised capital. Of these, a part of the registered shares will be issued via a contribution in kind in relation to these acquisitions. Additionally up to around 210,000 registered shares will be placed privately with a limited group of institutional investors. The placement price should be within a range of CHF 115 and CHF 116.50. The funds from this tranche will partly be used to refinance this acquisition.

Zürcher Kantonalbank was appointed Lead Manager for the transaction.

Precious Woods is a leading international company in the sustainable management and use of tropical forests. Its core activities include reforestation, the sustainable management of tropical forests, wood processing and trading in FSC-certified wood products. The generation of emission rights and production of electricity from wood waste are additional key components of its business concept.

Shares in Precious Woods have been trading on the SWX Swiss Exchange since March 2002. Further information is available at

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ots Originaltext: Precious Woods Holding Ltd.
Im Internet recherchierbar:

Further inquiry note:
Precious Woods Holding Ltd, Zug
Dr. Theodor Scheidegger, CFO
Tel.  +41 44 245 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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