Rights offering 2009
Amer Sports Corporation announced September 1, 2009 that, as part of its measures to improve its balance sheet, its Board of Directors has decided to undertake a share offering to raise net proceeds of approximately EUR 150 million through an underwritten discounted issue of new ordinary shares with pre-emptive rights for existing shareholders (the “Rights Offering”).
A total of 48,471,734 new shares were subscribed for in Amer Sports Corporation's (“Amer Sports”) rights offering. The subscription period for the offering ended on October 19, 2009.
All the new shares have been registered with the Trade Register on October 26, 2009. Following the registration, the total number of Amer Sports’ shares is 121,517,285 shares. The new shares include the right to dividends and other distributions as well as other shareholder rights as from the registration date of October 26, 2009.
Timetable
| Sep/23 | Extraordinary General Meeting of shareholders to authorize the Board of Directors to undertake the Rights Offering |
| Sep/24 | Board of Directors to resolve on the more detailed terms of the Rights Offering, including the number of shares to be issued and the subscription price to be paid for the new shares |
| Sep/25 | First day of trading in the Amer Sports shares after detachment of subscription rights |
| Sep/28 | Publication of a prospectus relating to the Rights Offering |
| Sep/29 | Record day for participating in the Rights Offering |
| Oct/5-19 | Subscription period |
| Oct/20 | Announcement of preliminary outcome of the Rights Offering |
| Oct/23 | Announcement of the final outcome of the Rights Offering |
Documents
- Interim report 1-3/2009 (pdf)
- Interim report 1-6/2009 (pdf)
- Board of Directors report, financial statements and Auditors' report 2006 (pdf)
- Board of Directors report. financial statements and Auditors' report 2007 (pdf)
- Board of Directors report, financial statements and Auditors' report 2008 (pdf)
- Annual report 2008 (pdf)
Press releases
- Amer Sports is exploring strategic alternatives for Mavic and corrects market expectations (pdf)
- Amer Sports announces a EUR 150 million Rights Offering (pdf)
- Notice to the Amer Sports Extraordinary General Meeting (pdf)
- Decisions of Amer Sports Extraordinary General Meeting (pdf)
- Terms and conditions of the Rights Offering (pdf)
- Re-publication of Amer Sports Corporation's Interim Report (pdf)
- Publication of the Offering Circular relating to the Rights Offering (pdf)
- Amer Sports supplements the prospectus relating to the rights offering (pdf)
- Amer Sports Rights Offering oversubscribed (pdf)
- New Amer Sports shares registered with the Trade Register (pdf)