Holcim Ltd - Share capital increase in the amount of CHF 1.5 billion underwritten by a syndicate of banks

8 April 2004
 

With the successful closing of the public purchase offer to the minority shareholders of Holcim Apasco, S.A. de C.V., Holcim Ltd announced a share capital increase in the amount of approximately CHF 1.5 billion which was fully underwritten by a syndicate of banks on April 7, 2004.

The Board of Directors of Holcim Ltd will submit to the Annual General Meeting of May 14, 2004, the proposal to issue 28.74 million new registered shares, out of the previously stated maximum of 33.54 million new registered shares.

Shareholders of Holcim Ltd will be offered, expected as from May 18, 2004, one new share for every 7 existing shares held, at a subscription price of CHF 52.-. The underwriting agreement allows an increase of the subscription price under favorable market conditions. An application will be made to the Swiss Exchange SWX for the purchase rights to be traded from May 18 to 25, 2004.

The final conditions of the rights issue share capital increase will be determined prior to the Annual General Meeting on May 14, 2004.


With majority and minority interests in more than 70 countries on all continents, Holcim is one of the world's leading suppliers of cement, as well as aggregates (gravel and sand), concrete and construction-related services.


THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO UNITED STATES PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES. IN ADDITION, THE SECURITIES OF HOLCIM LTD HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT FROM REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS.

 
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