Wessanen completes equity offering

Utrecht, 9 March 2010

Wessanen successfully raises EUR 18.4 million in equity offering Royal Wessanen N.V. (“Wessanen” or the “Company”) announces that it has successfully raised EUR 18.4 million through an accelerated bookbuild offering (the “Offering”) of 6,835,910 new ordinary shares (the “Shares”) at a price of EUR 2.69 per share. The allocation of the Shares took place earlier today. Payment for and delivery of the Shares is expected to take place on 12 March 2010, at which date the Shares are expected to be admitted to listing on Euronext Amsterdam by NYSE Euronext. Fortis Bank Nederland acted as Sole Global Co-ordinator and Sole Bookrunner.

Use of proceeds Wessanen will use the net proceeds of the Offering to strengthen its balance sheet, thereby providing financial flexibility to carry out its strategic and operational plans. Such flexibility is desired regarding the timing of the planned divestment of US based PANOS Brands and the amount and phasing of advertising and promotional spending during the year.

For more information, please download the complete press release in pdf.
100309_Press_release_completion_equity_offering.pdf (34 Kb)

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