- SinterCast warrants to be exercised during the period 1 September - 30 September 2010
- Trading in warrants on NASDAQ OMX Stockholm will continue until 27 September 2010
[Stockholm, 1 September 2010] - During September 2009, SinterCast carried out a successful pre-emptive rights issue of Units. Those who subscribed to units received shares and warrants of series 2009/2010. The exercise period for subscription of shares commences today, 1 September 2010.
Every two warrants entitle the holder to subscribe to one share at SEK 25 during the period 1-30 September 2010. A total of 925,483 warrants of series 2009/2010 were issued, providing the opportunity for the subscription of 462,741 new shares. Trading in warrants on NASDAQ OMX Stockholm will proceed until 27 September 2010, after which the warrants will be delisted.
Full exercise of the warrants in September 2010 will result in an additional cash injection of SEK 11.6 million, prior to transaction costs. As of today, 6,478,383 shares are issued in SinterCast. If all of the warrants are exercised, the total number of shares will increase to 6,941,124 Shares.
Further information regarding terms and conditions of the exercise, and the subscription form, are available on the website: www.sintercast.com (http://www.sintercast.com)
For and on behalf of the Board of Directors:
| Dr. Steve Dawson | |
| President & CEO | |
| Tel: | +46 8 660 7750 |
| e-mail: | steve.dawson@sintercast.com (mailto:steve.dawson@sintercast.com) |
SinterCast is the world's leading supplier of process control technology for the reliable high volume production of Compacted Graphite Iron (CGI). With at least 75% higher tensile strength, 45% higher stiffness and approximately double the fatigue strength of conventional grey cast iron and aluminium, CGI allows engine designers to improve performance, fuel economy and durability while reducing engine weight, noise and emissions. SinterCast produces a variety of CGI components ranging from 2 kg to 17 tonnes, all using the same proven process control technology. The end-users of SinterCast-CGI components include Aston Martin, Audi, Caterpillar, Chrysler, DAF Trucks, Ford, Ford-Otosan, General Electric Transportation Systems, General Motors, Hyundai, Navistar, Jaguar, Kia, Land Rover, MAN, Porsche, PSA Peugeot-Citroen, Renault, Rolls-Royce Power Engineering, Toyota, Volkswagen, Volvo and Waukesha Engine. The SinterCast share is quoted on the Small Cap segment of the Nordic Exchange, Stockholm (Stockholmsbörsen: SINT).
END
HUG#1441801
