Valora announces the results of the rights offering

20.11.2017 / 17:39 / Ad hoc, Shareholder

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Press release

Valora announces the results of the rights offering

In the context of the capital increase, Valora today announces the results of the rights offering. Valora intends to end the bookbuilding period earlier than previously communicated.

Regarding the capital increase, Valora today announces that rights have been exercised for 311,250 new shares, corresponding to 45.3% of the maximum number of new shares offered in the rights offering. The outcome is in line with precedent at market rights offerings in Switzerland.

 

Up to 250,000 shares not taken up by existing shareholders in the rights offering are being offered to investors by way of a public offering in Switzerland and private placements in certain jurisdictions outside Switzerland in compliance with applicable securities laws (“share placement”). The final number of new shares to be issued and sold in the rights offering and the share placement will be up to 561,250.

 

The book for the share placement is currently open. The offer price in the rights offering and for the share placement will be determined following the end of the bookbuilding period. As contemplated in the offering and listing prospectus, Valora intends to end the bookbuilding period earlier than previously communicated: The close of the bookbuilding period is expected to be before the opening of SIX Swiss Exchange on 21 November 2017, and the offer price is expected to be announced on the same day.

 

The listing and first day of trading of the new shares on SIX Swiss Exchange will be on 22 November 2017 and settlement and delivery of the new shares against payment of the offer price is expected to occur on 23 November 2017.