Regulatory News:
Petroplus Holdings AG (SWX: PPHN) announced today that it
successfully placed a total of 7,600,000 new shares at CHF100 per
share. The proceeds from this transaction will primarily be used to
pay down borrowings under the Company's working capital facilities.
The gross proceeds of the transaction are CHF760 million. As a result
of this offering, the number of Petroplus shares outstanding increases
by 7,600,000 shares to 68,636,600 shares. All outstanding shares are
fully fungible and carry identical voting and dividend rights.
Credit Suisse, Morgan Stanley and UBS Investment Bank are acting
as Joint Bookrunners for the rights offering and the international
offering with Bank Vontobel AG and JP Morgan acting as Co-Managers for
the offerings.
Petroplus Holdings AG is one of the largest independent refiners
and wholesalers of petroleum products in Europe. Petroplus focuses on
refining and currently owns and operates four refineries across
Europe: the Ingolstadt refinery in Ingolstadt, Germany, the Belgium
Refining Corporation refinery in Antwerp, Belgium, the Cressier
refinery in the canton of Neuchatel, Switzerland, and the Teesside
refinery in Teesside, United Kingdom. The existing refineries have a
combined throughput capacity of approximately 405,000 bpd.
The information contained in this news release is not for
publication or distribution in the United States of America.
This news release does not constitute a prospectus in the sense of
Article 652a or 1156 of the Swiss Code of Obligations or a listing
prospectus pursuant to the listing rules of the SWX Swiss Exchange.
Any decision to purchase securities of Petroplus Holdings AG should be
solely based on the Offering Memorandum.
This news release is not an offer of securities for sale in the
United States of America. None of the securities have been registered
under the U.S. Securities Act of 1933, as amended (the "Securities
Act") and may not be offered or sold in the United States of America
absent registration or an exemption from registration under the
Securities Act. Petroplus Holdings AG does not intend to make a public
offering of securities in the United States of America.
The information contained in this news release is not for
publication or distribution in Canada, Australia or Japan and does not
constitute an offer of securities for sale in Canada, Australia or
Japan.
This news release contains forward-looking statements, including
the Company's current expectations with respect to future market
conditions, future operating results, the future performance of its
refinery operations, and other plans. Words such as "expects,"
"intends," "plans," "projects," "believes," "estimates," "may,"
"will," "should," "shall," and similar expressions typically identify
such forward-looking statements. Even though Petroplus believes the
expectations reflected in such forward-looking statements are based on
reasonable assumptions, it can give no assurance that its expectations
will be attained. Factors that could cause actual results to differ
materially from expectations include, but are not limited to,
operational difficulties, varying market conditions, potential changes
in gasoline, crude oil, distillate, and other commodity prices,
government regulations, and other factors contained from time to time
in the Petroplus's annual and interim reports.
