Ad hoc announcement pursuant to Art. 53 LR
Number of Shares to be issued in connection with the purchase of Fresh Start Bakeries
Zurich/Switzerland, 15 June 2010
ARYZTA AG (“ARYZTA”) advises that it has definitively determined the number of shares it is issuing in connection with the purchase of Fresh Start Bakeries (incorporating Pennant Food and Sweet Life) at 3,864,335 new shares.
On Friday, 11 June 2010, ARYZTA announced it had raised USD 120 million through a placing of 3,312,290 new shares at CHF 41.50 per share. In this same announcement, ARYZTA stated that it will pay for FSB by way of USD 880 million in cash and up to USD 20 million in ARYZTA shares and noted that the USD 20 million equity consideration was to facilitate certain FSB management who are currently FSB shareholders and wish to retain a portion of their equity interest. The number of new ARYZTA shares to be issued in that regard has now been fixed at 552,045. These new 552,045 shares are being issued at the same price per share as the 11 June 2010 share placing (i.e. CHF 41.50 per new share) and represent the final USD 20 million of the consideration for the purchase of FSB.
The number of shares in issue in ARYZTA following completion of the placing of the 3,312,290 new shares announced on 11 June, 2010 and the issue of the additional 552,045 new shares to certain FSB management shareholders in connection with the closing of the FSB transaction will increase from 81,180,460 shares (or 78,946,101 shares excluding treasury shares) to 85,044,795 shares (or 82,810,436 shares excluding treasury shares).
Head of Group Finance and Communications
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