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Sale of Feintool shares: Gesture of confidence by shareholders and
executives |
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Corporate news announcement processed and transmitted by Hugin AS.
The issuer is solely responsible for the content of this
announcement.
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As announced when Feintool's interim figures were announced, the
company's major shareholders have bought Feintool shares previously
held as treasury stock totalling CHF 9 million. Moreover, company
executives have bought shares through a stock option plan. In
addition to boosting Feintool's equity, this may be seen as a gesture
of confidence in the group's future potential.
In total, these transactions are generating over CHF 10 million in
additional liquidity for Feintool. Two major shareholders in
particular have acquired blocks of shares totalling CHF 9 million
from Feintool's holdings of treasury stock. Furthermore, company
executives who had already participated in an existing stock option
plan have refrained from exercising their options and thus released
existing conditional capital for a new option plan. The Board of
Directors has allocated to management new options from the
conditional capital thus released. As these have already been
exercised, further funds have accrued to Feintool. Alexander von
Witzleben, Chairman and CEO of Feintool, is delighted by the extra
commitment shown: "By buying shares from the company's holdings and
by exercising options, shareholders and management have demonstrated
great confidence in the Feintool Group's future."
Feintool International Holding
Industriering 8, CH-3250 Lyss
Phone +41 (0)32 387 51 11
Fax +41 (0)32 387 57 81
feintool-fim@feintool.com
www.feintool.com
Media spokesperson
Karin Labhart
Phone +41 (0)32 387 51 63
Fax +41 (0)32 387 54 16
Mobile +41 (0)79 609 22 02
karin.labhart@feintool.com
The media release can be downloaded from the following link:
--- End of Message ---
Feintool International Holding
Industriering 8 Lyss Schweiz
WKN:
905428; ISIN: CH0009320091 ; Index: SPI, SPIEX, SSCI;
Listed: Main Market in SIX Swiss Exchange; Copyright © Hugin AS 2009. All rights reserved.
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