RADNOR,
Pa., May 13, 2022 /PRNewswire/ -- Avantor, Inc.
(NYSE: AVTR), a leading global provider of mission-critical
products and services to customers in the life sciences, advanced
technologies and applied materials industries, announced today that
its 6.250% Series A Mandatory Convertible Preferred Stock (the
"Preferred Stock"), will automatically convert into shares of the
Company's common stock on May 16,
2022 (the "conversion date"). The conversion rate for each
share of Preferred Stock will be 3.0395 shares of the Company's
common stock. Cash will be paid in lieu of fractional shares of
common stock.
As previously announced, holders of record at the close of
business on May 1, 2022, will
separately receive a final quarterly cash dividend of $0.78 per share on the Preferred Stock, payable
on the conversion date.
About Avantor
Avantor®, a Fortune 500
company, is a leading global provider of mission-critical products
and services to customers in the biopharma, healthcare, education
& government, and advanced technologies & applied materials
industries. Our portfolio is used in virtually every stage of the
most important research, development and production activities in
the industries we serve. Our global footprint enables us to serve
more than 225,000 customer locations and gives us extensive access
to research laboratories and scientists in more than 180 countries.
We set science in motion to create a better world. For more
information, visit avantorsciences.com.
Forward-Looking and Cautionary Statements
This press release contains, and oral statements made from time to
time by Avantor's representatives may contain, "forward-looking
statements." Forward-looking statements include statements
regarding the proposed public offerings and other statements
identified by words such as "could," "may," "might," "will,"
"likely," "anticipates," "intends," "plans," "seeks," "believes,"
"estimates," "expects," "continues," "projects" and similar
references to future periods, or by the inclusion of forecasts or
projections. Forward-looking statements are based on Avantor's
current expectations and assumptions regarding capital market
conditions, Avantor's business, the economy and other future
conditions. Because forward-looking statements relate to the
future, by their nature, they are subject to inherent
uncertainties, risks and changes in circumstances that are
difficult to predict. As a result, Avantor's actual results may
differ materially from those contemplated by the forward-looking
statements. Important factors that could cause actual results to
differ materially from those in the forward-looking statements
include the scale and scope of the COVID-19 pandemic; regional,
national or global political, economic, business, competitive,
market and regulatory conditions; Avantor's ability to anticipate
consumer demand; changes in consumer confidence and spending;
Avantor's competitive environment and other factors set forth under
"Risk Factors" in Avantor's most recent Annual Report on Form 10-K
and Quarterly Report on Form 10-Q. Any forward-looking statement
made in this press release speaks only as of the date on which it
is made. Avantor undertakes no obligation to publicly update or
revise any forward-looking statement, whether as a result of new
information, future developments or otherwise.
Global Media Contact
Allison
Hosak
Senior Vice President, Global Communications and Brand
Avantor
+1 908-329-7281
Allison.Hosak@avantorsciences.com
Investor Relations Contact
Christina (CJ) Jones
Vice President, Investor
Relations
Avantor
+1 805-617-5297
ChristinaJones@avantorsciences.com
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SOURCE Avantor and Financial News