S&T Syst. Integ. & Tech. Distr. AG
S&T Syst. Integ. & Tech. Distr. AG: S&T: EUR 30 Million Corporate Bond to Finance Further Growth
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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S&T: EUR 30 Million Corporate Bond to Finance Further Growth
High-Margin Services and Solutions Targets on the Shortlist
9 May 2006. Vienna – Austria. S&T System Integration & Technology
Distribution AG is to secure financing for further growth by issuing a
further corporate bond of over EUR 30 million.
S&T has announced the issue of a corporate bond with a total volume of EUR
30 million and a life of 5 years. ‘Together with the existing funds, this
additional EUR 30 million provides a solid basis for the further expansion
of S&T AG. The fixed annual interest rate of 5.375% over the entire life of
the bond, correlated to the actual interest rates on the market, also
reflects S&T’s good credit rating,’ said Martin Bergler, CFO of S&T AG.
‘We are currently examining six specific projects in Poland, Slovakia,
Hungary, Turkey and Austria which mainly specialise in services and
solutions. Two of these acquisition targets operate in several countries.
Due to the focus on the services sector, we are convinced that all the
companies on the shortlist will provide ideal support for the growth path
on which we have embarked,’ said Christian Rosner, CEO of S&T AG.
S&T now has more than EUR 50 million in its ‘war chest.’ The bond was
placed under the lead management of Hypo Alpe-Adria Bank AG.
About S&T – www.snt.at – XETRA VIENNA: SNT
With some 2,000 employees S&T is the leading provider for IT solutions and
services for customers in Central and Eastern Europe. The company develops
and implements custom-tailored IT solutions for large and medium-sized
telecommunications companies, banks, power utilities, manufacturing
companies and public institutions. Through our subsidiaries in 19 countries
we realize cross-border IT structures, offering our clients outstanding
solutions and service competence.
For further information please contact:
Christian Rosner Margit Hermentin
Chief Executive Officer Head of Investor Relations
T: +43 (0)1 367 80 88 and Corporate Communications
Christian.Rosner@snt.at T: +43 (0)1 367 80 88-1024
M: +43 (0)664 112 36 36
margit.hermentin@snt.at
S&T SYSTEM INTEGRATION & TECHNOLOGY DISTRIBUTION AG
Geiselbergstrasse 17-19
1110 Vienna
Austria
(c)DGAP 09.05.2006
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Language: English
Issuer: S&T Syst. Integ. & Tech. Distr. AG
Geiselbergstraße 17-19
1110 Wien Österreich
Phone: +43 1 367 80 88
Fax: +43 1 367 80 88 1099
email: margit.hermentin@snt.at
WWW: www.snt.at
ISIN: AT0000905351
WKN: 915194
indices: ATX
Listed: Amtlicher Markt in Wiener Börse; Freiverkehr in
Berlin-Bremen, München, Stuttgart; Open Market in Frankfurt
End of News DGAP News-Service
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