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Phibro Animal Health Announces Equity Sale By Shareholders and AIM OfferingFor release: IMMEDIATE
For additional information contact: Richard G. Johnson, Chief Financial Officer, (201) 329-7300
PHIBRO ANIMAL HEALTH CORPORATION ANNOUNCES
EQUITY SALE BY SHAREHOLDERS AND AIM OFFERING
RIDGEFIELD PARK, New Jersey, March 13, 2008 – Phibro Animal Health Corporation (“PAHC”) announces that its shareholders have agreed to sell on a private placement basis 19.5% of their common shares, for consideration of $52.7 million, to 3i Quoted Private Equity Limited (“3i QPE”) in compliance with Regulation S. In addition, PAHC announces its intention to offer its common shares to non-U.S. persons via admission to the London Stock Exchange’s Alternative Investment Market (“AIM”), also in compliance with Regulation S. If completed, following the institutional offering on AIM, current PAHC shareholders would hold approximately 70% of the common shares of the company with the remainder being held by 3i QPE and other institutional investors.
The securities which may be offered by the selling shareholders and PAHC will not be and have not been registered under the United States Securities Act of 1933, as amended, and the securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the United States federal securities laws.
This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of PAHC or an invitation or inducement to engage in investment activity in any jurisdiction, nor will it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract thereof.
COMPANY DESCRIPTION
PAHC is a diversified global manufacturer and marketer of a broad range of animal health and nutrition products to the poultry, swine and cattle markets. PAHC is also a manufacturer and marketer of performance ingredients for ethanol production, wood preservation and personal care products.
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