Mobimo Holding AG / Key word(s): Miscellaneous
Ad hoc announcement pursuant to Art. 53 LR
FOR RELEASE IN SWITZERLAND - THIS IS A RESTRICTED COMMUNICATION AND YOU MUST NOT FORWARD IT OR ITS CONTENTS TO ANY PERSON TO WHOM FORWARDING THIS COMMUNICATION IS PROHIBITED BY THE LEGENDS CONTAINED HEREIN.
Mobimo announces the terms of the capital increase
Eligible shareholders will be allocated one (1) subscription right for each registered share held after close of trading on 22 April 2022 (the "Rights"). The exercise of ten (10) Rights will entitle its holder to acquire one (1) Offered Share against payment of the Offer Price (the "Offer Price"). The offer price has been set at CHF 245.0 per Offered Share corresponding to expected gross proceeds of approximately CHF 162 million.
The capital increase is planned to support the execution of Mobimo's growth strategy and the realisation of its development projects, while maintaining a strong capital base. "We have a development pipeline full of promising projects in attractive locations. We will be realising these projects over the coming years - to a large extent for our own investment portfolio," explains CEO Daniel Ducrey. "We will invest around CHF 200 million in our projects for the investment portfolio until 2024."
Mobimo will offer the Offered Shares to its existing shareholders during the Rights exercise period from 25 April 2022 to 3 May 2022, 12:00 noon CEST. The Rights can be traded on the SIX Swiss Exchange from 25 April 2022 to 29 April 2022. Rights which have not been validly exercised during the Rights exercise period will expire and become null and void without compensation. The number of Offered Shares for which Rights have been validly exercised will be published on or around 3 May 2022 after close of trading on SIX Swiss Exchange. Mobimo and the Joint Global Coordinators reserve the right to offer for sale or otherwise place in the market the Offered Shares in respect of which Rights have not been validly exercised during the rights exercise period at a placement price not below the Offer Price. Delivery of the Offered Shares against payment of the Offer Price or placement price, as applicable, is scheduled for 6 May 2022.
The Offered Shares will rank equally with the existing registered shares. After closing of the transaction, up to 7,261,701 fully paid-up registered shares with a nominal value of CHF 3.40 each will be in issue.
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With a broadly diversified real estate portfolio that has a total value of approximately CHF 3.6 billion, Mobimo Holding AG is one of the leading real estate companies in Switzerland. Its portfolio comprises residential and commercial properties, along with development properties both for the company's own portfolio and for third parties. The properties are in first-class locations in German-speaking and French-speaking Switzerland. The buildings are characterised by balanced diversification and diligent management. Mobimo uses its development projects to strengthen its income base and boost the intrinsic value of its portfolio. The company also creates investment opportunities for third parties through its development services. Mobimo has around 170 employees.
This document is not an offer to sell or a solicitation of offers to purchase or subscribe for shares. This document is not a prospectus within the meaning of the Swiss Financial Services Act and not a prospectus under any other applicable laws. Copies of this document may not be sent to, distributed in or sent from jurisdictions in which this is barred or prohibited by law. The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, in any jurisdiction in which such offer or solicitation would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any jurisdiction.
A decision to invest in securities of Mobimo Holding AG should be based exclusively on the prospectus published by Mobimo Holding AG for such purpose. Copies of such prospectus (and any supplements thereto) are available free of charge from UBS AG (Swiss Prospectus Switzerland) located Europastrasse 1, CH-8152 Opfikon and Zürcher Kantonalbank, IHKT, P.O. Box, 8010 Zurich, Switzerland, (e-mail: firstname.lastname@example.org; phone +41 44 292 20 66). In addition, copies of such prospectus (and any supplements thereto) are available free of charge in Switzerland from Mobimo Management AG, Seestrasse 59, 8700 Küsnacht, e-mail: email@example.com.
This document is not for publication or distribution in the United States of America (including its territories and possessions, any State of the United States and the District of Columbia), Canada, Japan or Australia or any other jurisdiction into which the same would be unlawful. This document does not constitute an offer or invitation to subscribe for or purchase any securities in such countries or in any other jurisdiction into which the same would be unlawful. In particular, the document and the information contained herein should not be distributed or otherwise transmitted into the United States of America or to publications with a general circulation in the United States of America. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the laws of any state and may not be offered or sold in the United States of America absent registration under or an exemption from registration under the Securities Act. There will be no public offering of the securities in the United States of America.
The information contained herein does not constitute an offer of securities to the public in the United Kingdom. No prospectus offering securities to the public will be published in the United Kingdom. In the United Kingdom this document is only directed at persons who (i) are qualified investors and who are also (ii) investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "FSMA Order"); (iii) persons falling within Articles 49(2)(a) to (d), "high net worth companies, unincorporated associations, etc." of the FSMA Order and (iv) persons to whom an invitation or inducement to engage in investment activity within the meaning of Section 21 of the Financial Services and Markets Act 2000 may otherwise be lawfully communicated or caused to be communicated (all such persons together being referred to as "relevant persons"). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
In any member state of the European Economic Area (each a "Relevant State") this document is only addressed to qualified investors in that Relevant State within the meaning of the Prospectus Regulation.
This publication may contain specific forward-looking statements, e.g. statements including terms like "believe", "assume", "expect", "forecast", "project", "may", "could", "might", "will" or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, financial situation, development or performance of Mobimo and those explicitly or implicitly presumed in these statements. Against the background of these uncertainties, readers should not rely on forward-looking statements. Mobimo assumes no responsibility to up-date forward-looking statements or to adapt them to future events or developments.
Except as required by applicable law, Mobimo has no intention or obligation to update, keep updated or revise this publication or any parts thereof (including any forward-looking statement) following the date hereof.
None of UBS AG or Zürcher Kantonalbank or any of their respective subsidiary undertakings, affiliates or any of their respective directors, officers, employees, advisers, agents, alliance partners or any other entity or person accepts any responsibility or liability whatsoever for, or makes any representation, warranty or undertaking, express or implied, as to the truth, accuracy, completeness or fairness of the information or opinions in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the group, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith. Accordingly, each of the UBS AG or Zürcher Kantonalbank and the other foregoing persons disclaim, to the fullest extent permitted by applicable law, all and any liability, whether arising in tort or contract or that they might otherwise be found to have in respect of this announcement and/or any such statement.
File: Ad hoc announcement pursuant to Art. 53 LR (terms of capital increase)
End of ad hoc announcement