Holcim to issue shares at CHF83 each in capital hike, Switzerland

Holcim to issue shares at CHF83 each in capital hike, Switzerland
Published: 12 May 2006

Holcim Ltd announced Friday the final conditions of a previously-announced capital hike, confirming the issue price of CHF83 per share but slightly increasing the number of shares to be issued. 
 
The gross proceeds from the transactions will be around CHF1.75bn, the company said. 
 
Subject to the approval of Friday’s annual general meeting, the share capital of Holcim Ltd will be increased from CHF459,851,036 to CHF505,801,130 through the issue of 21,075,047 fully paid-in registered shares with a par value of CHF2 each. Upon conclusion of the transaction, and taking into account the issuance of new shares as a result of the exercise of conversion rights under existing convertible bonds 252,900,565 registered shares with a par value of CHF2 each will therefore be outstanding.