The Capital Increase for Helvetica Swiss Living starts on 2 March 2020

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Martin Signer activities: Managing Director, IR, test, Testing, Testing, Participant, Partner, Media partner, Media partner, Event manager, Events, Tester, Event listing, Tester, IR, IR, Test, Managing Director, IR, IR, IR, IR Partner

Feb 28, 2020

The capital increase for Helvetica Swiss Living (HSL Fund) starts on 2 March 2020 with up to CHF 45 million. The proceeds from the issuance will be used for the further expansion of the high-quality real estate portfolio. 

 

The fund management company Helvetica Property will carry out a capital increase of up to CHF 45 million for the HSL Fund from 2 March to 13 March 2020 (12.00 CET). Each existing share will be allotted one (1) subscription right. (1) subscription right entitles to the subscription of one (1) new share against payment of the issue price in Swiss Francs. Accordingly, the fund management company decided to issue up to 423,715 new shares. This will increase the total number of outstanding shares from currently 423,715 to a maximum of 847,430. The net issue price will be CHF 105.19 for each new share of the HSL Fund. The issue price was calculated according to the fund contract (§17 paragraph 3). The exact number of newly issued shares will be determined after the end of the subscription period, based on the number of subscriptions received. Payment for the subscribed new shares will be due on 18 March 2020.

 

There will be no trading of subscription rights. Subscription rights that were not exercised during the subscription period will be settled after the end of the subscription period by the new investors or investors subscribing in excess of their subscription rights. The payment is calculated according to the following formula: (Average of the bid price of the fund shares during the subscription period – issue price)/1*1). If the outcome of this calculation is negative, the value of the subscription right will be zero. If after the exercise of the subscription rights at the end of the subscription period the demand for new shares exceeds the offer, the fund management company reserves the right to allocate and/or reduce accordingly.

 

The goal of the capital increase is to gain additional equity to further expand and grow a high-quality portfolio. The fund management company has already secured an investment volume of about CHF 32 million for short-term acquisitions and is also negotiating, in part exclusively, the purchase of additional properties with a total volume of about CHF 120 million.

 

This announcement does not constitute an issuing prospectus according to Article 652a and Article 1156 of the Swiss Code of Obligations.

 

The HSL Fund is traded over-the-counter by Banque Cantonale Vaudoise, Lausanne.


Articles authored by Martin Signer

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