Meyer Burger – New conversion price for the CHF 100 million convertible bond fixed at CHF 0.98

 Meyer Burger – New conversion price for the CHF 100 million convertible bond fixed at CHF 0.98 

Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) announced today that the new conversion price for the CHF 100 million convertible bond (due in 2020) has been fixed at CHF 0.98. The new conversion price has been adjusted in accordance with the new conditions of the convertible bond as approved by the bondholders’ meeting on 25 November 2016 and has been reset at 25.0% above the average of the daily volume-weighted average share prices (VWAPs) of the Meyer Burger registered share in the period between 3 January and 30 January 2017.    

Based on the new conversion price, a total of up to 102,040,816 new registered shares of Meyer Burger Technology Ltd can be issued in case of full conversion of the CHF 100 million convertible bond. The Board of Directors will propose to the Ordinary General Meeting of Shareholders, to be held on 27 April 2017, to again reduce the conditional capital for conversion and/or options rights by the amount no longer required.

With its verdict dated 20 January 2017, the High Court of the Canton of Berne has also approved the resolutions of the bondholders‘ meeting regarding the amendments of the conditions for the convertible bond. The verdict will become final after an unused 30-day appeal period.

The bondholders will be informed when the amendments of the conditions for the convertible bond come into effect (including the effective date of the amendments) through publication on the website of SIX Swiss Exchange AG and in accordance with Article 10 of the conditions of the convertible bond (https://www.six-exchange-regulation.com/en/home/publications/official-notices.html).

Contacts:

Ingrid Carstensen

Corporate Communications

Phone: +41 (0)33 221 28 34

ingrid.carstensen@meyerburger.com

Daniel Eicher

c/o Tolxdorff & Eicher Consulting

Phone: +41 (0)33 221 28 83

daniel.eicher@meyerburger.com

About Meyer Burger Technology Ltd

www.meyerburger.com

Meyer Burger is a leading global technology company specialising on innovative systems and processes based on semiconductor technologies. The company’s focus is on photovoltaics (solar industry) while its competencies and technologies also cover important areas of the semiconductor and the optoelectronic industries as well as other selected high-end markets based on semiconductor materials. Over the past ten years, Meyer Burger has risen to the forefront of the photovoltaic market and established itself as an international premium brand by offering superior precision products and innovative technologies.

Meyer Burger’s offering in systems, production equipment and services along the photovoltaic value chain includes the manufacturing processes for wafers, solar cells, solar modules and solar systems. Meyer Burger provides substantial added value to its customers and clearly differentiates itself from its competitors by focusing on the entire value chain.

The company’s comprehensive product portfolio is complemented by a worldwide service network with spare parts, consumables, process know-how, customer support, after-sales services, training and other services. Meyer Burger is represented in Europe, Asia and North America in the respective key markets and has subsidiaries and own service centres in China, Germany, India, Japan, Korea, Malaysia, the Netherlands, Switzerland, Singapore, Taiwan and the USA. The company is also working intensively to develop new markets such as South America, Africa and the Arab region. The registered shares of Meyer Burger Technology Ltd are listed on the SIX Swiss Exchange (Ticker: MBTN).

THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO U.S. PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR, EXCHANGE OR PURCHASE ANY SECURITIES. IN ADDITION, THE SECURITIES OF MEYER BURGER TECHNOLOGY LTD HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS.

This press release may contain “forward-looking statements”, such as guidance, expectations, plans, intentions, or strategies regarding the future. These forward-looking statements are subject to risks and uncertainties. The reader is cautioned that actual future results may differ from those expressed in or implied by the statements, which constitute projections of possible developments. All forward-looking statements included in this press release are based on data available to Meyer Burger Technology Ltd as of the date that this press release is published. The Company does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.