SodaStream Announces Pricing of Follow-On Offering
AIRPORT CITY, Israel, April 14, 2011 /PRNewswire/ -- SodaStream International Ltd. (NASDAQ: SODA) today announced the pricing of a public offering of an aggregate of 6,009,655 ordinary shares at a price of $43.50 per share. The shares consist of 1,200,000 ordinary shares to be sold by SodaStream and 4,809,655 ordinary shares to be sold by certain selling shareholders. In addition, certain shareholders of the Company have granted the underwriters a 30-day option to purchase an additional 901,448 ordinary shares solely to cover overallotments. The closing of the offering is scheduled to take place on April 19, 2011.
The Company intends to use the net proceeds of this offering for general corporate purposes, which may include, among other things, acquisitions or investments in complementary companies, products or technologies, additions to working capital, capital expenditures and other investments. The Company will not receive any proceeds from the sale of shares by the selling shareholders.
J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. are acting as the joint bookrunning managers for the offering.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. Copies of the final prospectus may be obtained, when available, from J.P. Morgan Securities LLC, via telephone at: (866) 803-9204 or by mail at c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717; or from Deutsche Bank Securities Inc., via telephone: (800) 503-4611, or standard mail at 100 Plaza One, Jersey City, New Jersey 07311, Attn: Prospectus Department.
SodaStream manufactures home beverage carbonation systems, which enable consumers to easily transform ordinary tap water instantly into carbonated soft drinks and sparkling water. Soda makers offer a highly differentiated and innovative solution to consumers of bottled and canned carbonated soft drinks and sparkling water. The Company's products are environmentally friendly, cost effective, promote health and wellness, and are customizable and fun to use. In addition, the Company's products offer convenience by eliminating the need to carry bottles home from the supermarket, to store bottles at home or to regularly dispose of empty bottles. The Company's products are available at more than 40,000 retail stores in 41 countries around the world.
Executive Director of Corporate Development and Communication