- 18.11.2010, 08:44:11
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- OTS0024 OTW0024
EANS-Adhoc: SW Umwelttechnik pulls back planned bond
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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18.11.2010
- Bond placement not possible to full extent - Planned investments have to be withdrawn - Market position in Romania will be pushed forward
The listed family company SW Umwelttechnik is pulling back the planned bond with
a total volume of EUR 10 m. Due to the harsh market situation for smaller
titles, SW Umwelttechnik was not able to place the bond to its full amount.
Planned commitments were then not followed through as they were connected to a
financing of the total announced volume.
The issuer is therefore pulling back the bond offering and will not carry out
the intended increased expansion investments in Romania. SW Umwelttechnik will
however still push forward the activities in Romania and will extend its already
strong market position.
The infrastructure in Central- and South-eastern Europe - particularly in the
areas of road construction, sewer networks and local supply systems - is in need
of high investments. For example, only 20 % of wastewater is treated in Romania.
With a realistic extension of the sewer networks of around 2 % per year, there
will be a market demand for decades that can be served perfectly by SW
Umwelttechnik products.
end of ad-hoc-announcement
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SW Umwelttechnik, a family firm founded in 1910 and listed on the Viennese stock
exchange since 1997, stands for sustainable management and consistent growth in
Eastern and South-eastern Europe. With our innovative technology to protect the
environment we provide an important contribution for the development of
necessary infrastructure in Central and South-eastern Europe.
Further inquiry note:
DI Dr. Bernd Wolschner Member of the Management Board Tel.: +43 / (0) 463 / 32109 - 202 Mobil: +43 / (0) 664 / 34 13 953 Mag. Michaela Werbitsch Investor Relations Tel.: +43 / (0) 463 / 32109 - 204 Mobil: +43 / (0) 664 / 811 7662 E-Mail: [email protected] Web: www.sw-umwelttechnik.com
end of announcement euro adhoc
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issuer: SW Umwelttechnik Stoiser & Wolschner AG
Bahnstraße 87-93
A-9020 Klagenfurt
phone: 0043-463-321090
FAX: 0043-463-37667
mail: [email protected]
WWW: http://www.sw-umwelttechnik.com
sector: Technology
ISIN: AT0000808209
indexes: WBIstockmarkets: free trade: Berlin, Frankfurt, Regulated free trade: Wien
language: English
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