NEW YORK, Jan. 2, 2013 /CNW/ - JLL Patheon Holdings, Cooperatief U.A. ("JLL Cooperatief") announces that on December 31, 2012, it acquired 524,392 restricted
voting shares ("Restricted Voting Shares") of Patheon Inc. (the "Company"), pursuant to its over-subscription privilege, at a purchase price of
US$3.19 per Restricted Voting Share for an aggregate payment of
The Restricted Voting Shares acquired by JLL Cooperatief pursuant to the
over-subscription privilege represent approximately 0.38% of the
Restricted Voting Shares outstanding after giving effect to the Rights
Offering. Following the subscription of Restricted Voting Shares, JLL
Cooperatief beneficially owns 78,144,986 Restricted Voting Shares of
the Company, representing approximately 55.94% of such class of
The Company used the proceeds of its rights offering (the "Rights Offering"), which expired on December 28, 2012, to partially finance its
acquisition of Sobel USA Inc. and Banner Pharmacaps Europe B.V. (the "Acquisition"). In connection with the Acquisition, JLL Partners Fund V, L.P., an
affiliate of JLL Cooperatief, entered into a commitment letter with the
Company (the "Equity Commitment Letter"), pursuant to which JLL Cooperatief provided its full subscription
payments with respect to its basic subscription privilege and its
maximum potential over-subscription privilege in order to satisfy its
obligations under the Equity Commitment Letter.
As soon as practicable after the closing of the Rights Offering, excess
funds held by the subscription agent will be returned to the Company's
shareholders, including JLL Cooperatief, who provided such funds.
This press release is issued by JLL Cooperatief pursuant to section
102.1 of the Securities Act (Ontario) and National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting
Issues. JLL Cooperatief will file a press release and early warning report in
respect of this acquisition with the applicable Securities Commission
or Securities Regulator in each jurisdiction in which the Company is a
JLL Patheon Holdings, Cooperatief U.A.
450 Lexington Avenue
New York, NY 10017
SOURCE: JLL Patheon Holdings, Cooperatief U.A.
For further information:
Daniel Agroskin at 212-286-8600