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Abonner Precious Woods Holding Ltd.

Precious Woods Holding Ltd.

euro adhoc: Precious Woods Holding AG, Zug
other
Precious Woods’ shareholders approve capital increase

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
25.08.2005
The Extraordinary General Meeting of Precious Woods Holding of August
25, 2005 approved all motions of the Board of Directors fulfilling
all of the requirements for the previously announced capital
increase. The first step will consist of a Rights Offering in the
course of which existing shareholders can purchase 1 new share for
every 7 shares they own at a price of 70 CHF. The rights exercise
period is expected to last from September 19 to 27, 2005. In a
parallel second step, investors will be able to purchase new shares
in a public Share Offering. The issue price will be determined in a
book-building process and is expected to be published on September
30, 2005. These two steps will enable the Company to raise a total of
approximately 100 million CHF. The Lead Manager is the Zürcher
Kantonalbank.
Precious Woods will utilize the new funds to finance important
expansion projects: the Dutch company A. van den Berg BV, currently
the most important trader of FSC-certified tropical hardwood in
Europe, will be acquired. Precious Woods will invest in the largest
forestry group in the Democratic Republic of Congo with about 4000
employees and will thereby secure an important resource base. This
will begin with a minority investment, including the option to
significantly increase the participation in the next 7 years. Further
forest will be purchased in Brazil.
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 26.08.2005 06:30:00

Kontakt:

Precious Woods Holding AG, Zug
Dr. Andres Gut, CEO
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

Plus de actualités: Precious Woods Holding Ltd.
Plus de actualités: Precious Woods Holding Ltd.