SIG Combibloc Group AG

  • WKN: A2N5NU
  • ISIN: CH0435377954
  • Land: Switzerland

Nachricht vom 14.11.2019 | 07:00

SIG Combibloc Group AG: Sale of shares by Onex

EQS Group-News: SIG Combibloc Group AG / Key word(s): Investment
14.11.2019 / 07:00

MEDIA RELEASE

14 November 2019
SIG Combibloc Group ("SIG")

Sale of shares by Onex

SIG today announced that Onex Corporation ("Onex") (TSX: ONEX) and its affiliates (the "Onex Group") have sold 31.4 million shares (representing approximately 9.8% of SIG's share capital) to a number of institutional investors, following an accelerated bookbuilding process. After settlement of the transaction, which is expected to close on 18 November 2019, subject to customary closing conditions, the Onex Group participation in SIG will be 31.8% and the free float in SIG shares will increase to 67.1%.

In conjunction with the Onex sale, members of the SIG Group Executive Board have participated in the transaction by exercising their tag-along rights relating to their pre-IPO co-investment with Onex in the amount of 3.7% of the offer size. Following these transactions, members of the Group Executive Board indirectly hold 0.6% of the share capital.

Investor contact:

Jennifer Gough +41 52 674 6508
Director Investor Relations
SIG Combibloc Group AG
Neuhausen am Rheinfall, Switzerland
jennifer.gough@sig.biz

Media contact:

Lemongrass Communications
Andreas Hildenbrand +41 44 202 5238
andreas.hildenbrand@lemongrass.agency

About SIG
SIG is a leading systems and solutions provider for aseptic carton packaging. We work in partnership with our customers to bring food and beverage products to consumers around the world in a safe, sustainable and affordable way. Our unique technology and outstanding innovation capacity enable us to provide our customers with end-to-end solutions for differentiated products, smarter factories and connected packs, all to address the ever-changing needs of consumers.

Founded 1853, SIG is headquartered in Neuhausen, Switzerland. The skills and experience of our approximately 5,000 employees worldwide enable us to respond quickly and effectively to the needs of our customers in over 60 countries. In 2018, SIG produced more than 35 billion carton packs and generated EUR1.7 billion in revenue. For more information, visit www.sig.biz.


Additional features:

Document: http://n.eqs.com/c/fncls.ssp?u=SYWEEUQOTQ
Document title: SIG Onex 20191114


End of Corporate News



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