Von Roll: Rein­for­ce­ment of capi­tal struc­ture lays foun­da­ti­ons for fur­ther growth

Brei­ten­bach, Decem­ber 10, 2018 — Con­si­de­ring the posi­tive deve­lo­p­ment in ope­ra­ting per­for­mance, the majo­rity share­hol­der has deci­ded to con­vert the con­ver­ti­ble bonds it holds with a total nomi­nal value of CHF 163,355,000.

This results in a signi­fi­cant streng­t­he­ning of the capi­tal base of Von Roll and leads to an equity ratio of more than 68%. CEO Dr. Chris­tian Hen­ner­kes comments: “We regard this step as a strong proof of trust which opens up com­ple­tely new oppor­tu­nities for the ongo­ing stra­te­gic rea­lign­ment of the Group. In addi­tion, the stron­ger equity base tog­e­ther with the impro­ved ope­ra­ting cash flow will enable us to approach also non-orga­nic growth in the future”.

At the same time, Von Roll con­ti­nues to sys­te­ma­ti­cally expand its pro­duct port­fo­lio and to trans­form its deca­des of exper­tise in the field of electri­cal and ther­mal insu­la­tion into the rapidly gro­wing mar­ket for e‑mobility.

The con­ver­sion will incre­ase net income by CHF 6 mil­lion annu­ally from 2019.

Notice of conversion: 

Brei­ten­bach, 10 Decem­ber 2018 — Pri­vat­bank IHAG Zürich AG, lead mana­ger and con­ver­sion agent of Von Roll Hol­ding AG, announ­ced on 7 Decem­ber 2018 that on 7 Decem­ber 2018, in con­nec­tion with the con­ver­ti­ble bond issued by Von Roll Hol­ding AG on 18 June 2014 with an issue volume of CHF 61,000,000 and a due date of 18 June 2020 CHF 14,895,000 of the out­stan­ding CHF 21,000,000 and in con­nec­tion with the con­ver­ti­ble bond issued by Von Roll Hol­ding Ltd on 11 April 2016 with an issue volume of CHF 150,000,000 and with due date 11 April 2022 CHF 148,460,000 of the out­stan­ding  CHF 149,567,000 were converted.

Based on the figu­res publis­hed in the half-year finan­cial state­ments, this leads to an incre­ase in share­hol­ders’ equity of CHF 147,740,000 from CHF 107,935,000 to CHF 255,675,000. The share capi­tal lis­ted in the Com­mer­cial Regis­ter will incre­ase from a nomi­nal value of CHF 20,176,855.50, cor­re­spon­ding to 201,768,555 bea­rer shares with a nomi­nal value of CHF 0.10 each, to a nomi­nal value of CHF 35,654,480.40, cor­re­spon­ding to 356,544,804 bea­rer shares, as a result of the con­ver­si­ons men­tio­ned above and already recei­ved ear­lier in the year.

About Von Roll Hol­ding AG: As a Swiss indus­trial com­pany, Von Roll Hol­ding AG focu­ses on pro­ducts and sys­tems for power genera­tion, trans­mis­sion, sto­rage and dis­tri­bu­tion. Von Roll is a glo­bal mar­ket lea­der for electri­cal insu­la­tion pro­ducts, sys­tems and ser­vices and has a world­wide pre­sence in 14 pro­duc­tion sites with 1,450 employees. The com­pany sup­plies cus­to­mers in over 80 countries.

Con­tact

Clau­dia Güntert
Head of Cor­po­rate Communications
& Inves­tor Relations
T +41 61 785 52 36
F +41 61 785 58 92
E press@vonroll.com

This press release is based on infor­ma­tion cur­r­ently avail­able. Unfo­re­see­able risks and influ­en­ces may lead to dis­crepan­cies with the state­ments made here. For more infor­ma­tion on the com­pany and its busi­ness per­for­mance, please refer to the Annual and Semi-Annual Report of Von Roll Hol­ding AG which is avail­able in digi­tal form at https://www.vonroll.com/en/.