Sale of Feintool shares: Gesture of confidence by shareholders and
executives>
Sale of Feintool shares: Gesture of confidence by shareholders and executives
(Thomson Reuters ONE) - Corporate news announcement processed and transmitted by Hugin AS.The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------------ As announced when Feintool's interim figures were announced, thecompany's major shareholders have bought Feintool shares previouslyheld as treasury stock totalling CHF 9 million. Moreover, companyexecutives have bought shares through a stock option plan. Inaddition to boosting Feintool's equity, this may be seen as a gestureof confidence in the group's future potential.In total, these transactions are generating over CHF 10 million inadditional liquidity for Feintool. Two major shareholders inparticular have acquired blocks of shares totalling CHF 9 millionfrom Feintool's holdings of treasury stock. Furthermore, companyexecutives who had already participated in an existing stock optionplan have refrained from exercising their options and thus releasedexisting conditional capital for a new option plan. The Board ofDirectors has allocated to management new options from theconditional capital thus released. As these have already beenexercised, further funds have accrued to Feintool. Alexander vonWitzleben, Chairman and CEO of Feintool, is delighted by the extracommitment shown: "By buying shares from the company's holdings andby exercising options, shareholders and management have demonstratedgreat confidence in the Feintool Group's future."Feintool International HoldingIndustriering 8, CH-3250 LyssPhone +41 (0)32 387 51 11Fax +41 (0)32 387 57 81feintool-fim(at)feintool.comwww.feintool.comMedia spokespersonKarin LabhartPhone +41 (0)32 387 51 63Fax +41 (0)32 387 54 16Mobile +41 (0)79 609 22 02karin.labhart(at)feintool.comThe media release can be downloaded from the following link:http://hugin.info/100443/R/1328101/313038.pdf --- End of Message ---Feintool International HoldingIndustriering 8 Lyss SchweizWKN: 905428; ISIN: CH0009320091 ; Index: SPI, SPIEX, SSCI;Listed: Main Market in SIX Swiss Exchange;
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Datum: 10.07.2009 - 01:00 Uhr
Sprache: Deutsch
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