reis septembre 12, 2019 Pas de commentaire

Last capital increase prior to listing of the HSC Real estate fund on the stock exchange

Zurich, 27 August 2019 – The last capital increase prior to the listing of the Helvetica Swiss Commercial (HSC Fund) on the SIX Swiss Exchange will start on 9 September 2019 with a maximum of CHF 99.1 million. The issue proceeds will be used for the further expansion of the high-quality real estate portfolio.

From 9 to 20 September 2019, 12.00 noon CET, Helvetica Property Investors, the Fund Management Company, will carry out a capital increase of up to 99.1 million Swiss Francs for the HSC Fund.

One (1) subscription right shall be allocated to each previous share. Four (4) subscription rights entitle the holder to subscribe to one (1) new share against payment in full of the issue price. Accordingly, the Fund Management Company has decided to issue a maximum of 868 570 new shares, increasing the number of shares outstanding from 3 474 281 to a maximum of 4 342 851. The issue price was calculated in accordance with the fund agreement and amounts to CHF 114 net per new share of the HSC Fund. The exact number of new shares to be issued will be decided at the end of the subscription period based on the subscriptions received. The new shares to be issued are to be paid on 30 September 2019.

There is no official trading of subscription rights. The Fund Management Company reserves the right, after the subscription period has expired, to acquire shares that have not been subscribed for and then to place them on the market free of charge along with the custodian bank or third parties.

The listing of the HSC Fund on the SIX Swiss Exchange is planned for the last quarter of 2019. The listing will benefit investors by increasing the liquidity of their shares. Until then, the HSC Fund will continue to be traded over the counter by Banque Cantonale Vaudoise in Lausanne.

This announcement does not constitute an issue prospectus within the meaning of Art. 652a and Art. 1156 of the Swiss Code of Obligations or a prospectus within the meaning of the Federal Act on Collective Investment Schemes.