Precious Woods Holding Ltd.

EANS-Adhoc: Precious Woods Holding Ltd.
Precious Woods reports on positive developments in advance of its extraordinary General Meeting on 18 December 2012

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
Capital measures/Company Information/Sustainable forestmanagement

Zug / Zurich, 07. December 2012 - Precious Woods reports on positive
developments in advance of its extraordinary General Meeting on 18 December 2012
-Medium-term liquidity secured thanks to successful placement of convertible
bonds and inflow of funds from sale of participation
-Specific key data on the planned conditional, approved and ordinary capital
-No nomination of additional member of the Board of Directors due to the sound
solution reached

Secured liquidity
The media release issued on 26 November 2012 explained how the Precious Woods
Group aimed to secure medium-term liquidity. In the meantime, Precious Woods has
succeeded in securing liquidity (subject to shareholders' approval of the
increase in approved and conditional capital at the extraordinary general
meeting on 18 December 2012). Precious Woods has successfully placed two
convertible bonds worth CHF 2 million each with one existing and one new Swiss
private investor. Furthermore, the sale of the remaining minority stake in
Precious Woods Central America not only enabled the Group to reduce its
financial debts by around CHF 12 million, but also resulted in an additional
cash inflow of CHF 0.9 million.

Specific key data on the three planned capital increases
At CHF 3.00, the negotiated conversion price for the bridge loans of just under
one year is approximately 60% above the current share market price. This
represents a significant premium for all existing shareholders, and ensures a
balanced shareholder structure.
In view of the successfully negotiated conditions, the company will require only
a small proportion of the additional approved and conditional capital asked at
the extraordinary general meeting to serve the conversion rights arising from
the two newly placed convertible bonds: at around CHF 0.5 million, this amount
is reasonably proportionate to the simultaneously planned ordinary capital
increase of around CHF 0.3 million. Given the approval by shareholders of the
three planned capital increases, the resulting additional but unclaimed approved
and conditional capital would therefore serve as a reserve position.
The issue price for the shares from the ordinary capital increase, open to all
existing shareholders, will be defined in January. It will, however, certainly
not be above the market price at the time.

No nomination of additional member of the Board of Directors
In view of this well balanced solution, there will be no election of a new
member of the Board of Directors. Agenda item 5, "Election of new Member of the
board of Directors possibly nominated by the Board" therefore no longer applies.

The complete agenda and the proposals from the Board of Directors has been
published on the Precious Woods website ( and in the Swiss
Official Gazette of Commerce (SOGC).

end of ad-hoc-announcement
Precious Woods is an international company active in the sustainable management
and use of tropical forests. The company's core activities include reforestation
and sustainable management of tropical forests, timber processing and the
trading of FSC-certified timber products. The generation of emission rights and
electricity from wood waste represent further integral elements of the company's
business. Shares of Precious Woods Holding Ltd have been listed on the SIX Swiss
Exchange since March 2002. Additional information about Precious Woods can be
found at

This document includes forward-looking statements that reflect the Company's
intentions, beliefs or current expectations and projections about the Company's
future results of operations, financial condition, liquidity, performance,
prospects, strategies, opportunities and the industry in which it operates.
Forward-looking statements involve all matters that are not historical fact.
Such statements are made on the basis of assumptions and expectations which,
although the Company believes them to be reasonable at this time, may prove to
be erroneous.

Further inquiry note:
Precious Woods Holding AG, Jacqueline Martinoli, Head of Finance /
Communications, Tel. +41 44 245 80 15, Fax +41 44 245 81 12,

end of announcement                               euro adhoc 

issuer:      Precious Woods Holding Ltd.
             Baarerstrasse 79
             CH-6301 Zug
phone:        +41 44 245 80 10
FAX:          +41 44 245 80 12
sector:      Forestry & Timber
ISIN:        CH0013283368
indexes:     SPI
stockmarkets: Main Standard: SIX Swiss Exchange 
language:   English

Weitere Meldungen: Precious Woods Holding Ltd.

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