June 16, 2010

Mobimo Holding AG launches up to CHF 175 million Convertible Bonds due 2014

Mobimo Holding AG / Miscellaneous

16.06.2010 06:57

Dissemination of a Adhoc News, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO
OR
FROM THE UNITED STATES (OR TO U.S. PERSONS), CANADA, JAPAN, AUSTRALIA OR
ITALY
OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF
THE RELEVANT LAWS OF SUCH JURISDICTION.

M e d i a  R e l e a s e

Mobimo Holding AG launches up to CHF 175 million Convertible Bonds due 2014

Lucerne, 16 June 2010 - Mobimo Holding AG, Lucerne, Switzerland (the
'Issuer') is launching a convertible bond issue due 2014 of CHF 125
million, or up to CHF 175 million if both the increase and overallotment
options are exercised in full (the 'Bonds'). The Bonds are convertible into
registered shares of Mobimo Holding AG (the 'Shares'), which will be
sourced from conditional share capital. UBS Investment Bank is acting as
Lead Manager and Sole Bookrunner for the Bonds.

Mobimo Holding AG is issuing the Bonds to take advantage of the attractive
financing conditions currently available in the convertible bond market and
to benefit from the attractive interest rate environment. The proceeds of
the Bonds will be mainly used to finance further real estate development
projects and to expand the real estate portfolio, as well as for general
corporate purposes.

The Bonds have a maturity of 4 years and are marketed to investors with a
coupon range of 2.0% - 2.5%, payable annually in arrear, and a conversion
premium range of 12% - 17% to the volume weighted average price of the
Shares trading on the SIX Swiss Exchange from launch to pricing, which is
expected to occur later today. The issue and the redemption price are set
at 100%. The Issuer may redeem the Bonds at any time on or after 21 July
2013 at par, together with accrued and unpaid interest, if the closing
price of the Shares is at least 130% of the conversion price on at least 20
consecutive trading days, or at any time after the payment date at par,
together with accrued and unpaid interest, if less than 15% in aggregate of
the principal amount of the Bonds are outstanding. The Issuer has granted
UBS Investment Bank an increase option of up to CHF 30 million exercisable
on the pricing date as well as an overallotment option to purchase an
additional amount of up to CHF 20 million of Bonds exercisable until 23
June 2010. The Bonds in the denomination of CHF 5,000 are convertible into
Shares on or after 10 August 2010 and until 19 June 2014. Any interest
payable on the Bonds will be subject to Swiss withholding tax.

The offering of the Bonds consists of a public offering in Switzerland and
private placements of Bonds in other jurisdictions. The Bonds will be
offered to investors outside the United States in reliance on Regulation S
under the U.S. Securities Act of 1933, as amended, and in compliance with
the laws and regulations applicable in such country where the offering
takes place. UBS Investment Bank is acting as Lead Manager and Sole
Bookrunner for the Bonds and Bank Vontobel AG, Zürcher Kantonalbank and
Reichmuth & Co are acting as Co-Managers.

The payment date of the Bonds is expected to be on or around 30 June 2010.
Application will be made for provisional admission to trading of the Bonds
on the SIX Swiss Exchange as from 25 June 2010. The Shares are listed and
traded according to the Standard for Real Estate Companies on the SIX Swiss
Exchange.

The Issuer has agreed to a 90-day lock up period.

Mobimo Group's business performance in 2010 to date is in line with
management expectations. Following Mobimo's strategic realignment to
increasingly convert development properties, initially intended for sale,
into investment properties, the number of development properties for sale
decreased in 2010. As a result, income from sale of development properties
year to date is lower compared to the same period last year. In contrast,
rental income year to date increased compared to the same period in 2009 as
a result of the combination with LO Holding. For the full year 2010,
management is confident that Mobimo Group's net result, excluding
extraordinary items, will approximately be at the level of 2009.


About Mobimo
Mobimo Holding AG was established in 1999 in Lucerne and has been listed on
the SIX Swiss Exchange since 2005. The Mobimo Group has an attractive
portfolio mix comprised of investment properties showing stable revenues
and development properties offering high potential for value enhancement.
Acquisitions and investments are targeted mainly in attractive locations in
the business centres of Zurich, Lucerne / Zug, Basel, St. Gall and Lausanne
/ Geneva. Mobimo's attractive portfolio amounts to CHF 1.9 billion in total
comprising 112 investment properties with a target rental income of CHF 92
million as well as development properties, comprised of developments for
its own investment portfolio as well as the development of owner-occupied
residential property for sale, with an investment volume of CHF 570
million. Mobimo is one of the leading real estate companies in Switzerland.
For more information please consult our website on www.mobimo.ch.
 

For further information please contact: 
Mobimo Media and IR office
Dynamics Group AG
Edwin van der Geest/Philippe Blangey/Alexandre Müller
+ 41 43 268 32 32
ir@mobimo.ch 

Mobimo Holding AG    
Dr. Christoph Caviezel, CEO
Manuel Itten, CFO
+41 44 397 11 86


THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND
SHOULD NOT BE DISTRIBUTED TO UNITED STATES PERSONS OR PUBLICATIONS WITH A
GENERAL CIRCULATION IN THE UNITED STATES. THIS DOCUMENT DOES NOT CONSTITUTE
AN OFFER OR INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES NOR DOES
IT CONSTITUTE A PROSPECTUS WITHIN THE MEANING OF ARTICLE 652A OR 1156 OF
THE SWISS CODE OF OBLIGATIONS OR A LISTING PROSPECTUS PURSUANT TO THE
LISTING RULES OF THE SIX SWISS EXCHANGE. ANY DECISION TO PURCHASE ANY
SECURITIES REFERRED TO HEREIN SHOULD BE SOLELY BASED ON THE RELEVANT
PROSPECTUS. IN ADDITION, NEITHER THE BONDS NOR THE SHARES OF MOBIMO HOLDING
AG INTO WHICH THE BONDS ARE CONVERTIBLE HAVE BEEN OR WILL BE REGISTERED
UNDER THE UNITED STATES SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR
DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT FROM
REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS.
THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS NOT FOR PUBLICATION OR
DISTRIBUTION IN CANADA, AUSTRALIA OR JAPAN AND DOES NOT CONSTITUTE AN OFFER
OF SECURITIES FOR SALE IN CANADA, AUSTRALIA OR JAPAN.
IN CONNECTION WITH THE OFFERING OF THE BONDS, UBS INVESTMENT BANK (THE
'STABILISATION AGENT') OR ANY PERSON ACTING ON BEHALF OF THE STABILISATION
AGENT MAY OVER-ALLOT THE BONDS OR EFFECT TRANSACTIONS WITH A VIEW TO
SUPPORTING THE MARKET PRICE OF THE BONDS AT A LEVEL HIGHER THAN THAT WHICH
MIGHT OTHERWISE PREVAIL. HOWEVER, THERE IS NO ASSURANCE THAT THE
STABILISATION AGENT (OR PERSONS ACTING ON BEHALF OF THE STABILISATION
AGENT) WILL UNDERTAKE STABILISATION ACTIONS. SUCH STABILISATION, IF BEGUN,
MAY BE ENDED AT ANY TIME, AND MUST BE BROUGHT TO AN END AFTER A LIMITED
PERIOD. ANY STABILISATION OR OVER-ALLOTMENT MUST BE CONDUCTED BY THE
STABILISATION AGENT (OR PERSONS ACTING ON BEHALF OF THE STABILISATION
AGENT) IN ACCORDANCE WITH ALL APPLICABLE LAWS AND RULES.
IN THE UNITED KINGDOM, THIS PRESS RELEASE IS DIRECTED ONLY AT (I) PERSONS
WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS FALLING
WITHIN ARTICLE 19(1) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000
(FINANCIAL PROMOTION) ORDER 2005 (THE 'ORDER') AND (II) HIGH NET WORTH
ENTITIES FALLING WITHIN ARTICLE 49(2) OF THE ORDER AND (III) PERSONS TO
WHOM IT WOULD OTHERWISE BE LAWFUL TO DISTRIBUTE IT (ALL SUCH PERSONS
TOGETHER BEING REFERRED TO AS 'RELEVANT PERSONS').
IN ADDITION, IF AND TO THE EXTENT THAT THIS PRESS RELEASE IS COMMUNICATED
IN, OR THE OFFER OF SECURITIES TO WHICH IT RELATES IS MADE IN, ANY EEA
MEMBER STATE THAT HAS IMPLEMENTED DIRECTIVE 2003/71/EC (TOGETHER WITH ANY
APPLICABLE IMPLEMENTING MEASURES IN ANY MEMBER STATE, THE 'PROSPECTUS
DIRECTIVE'), THIS PRESS RELEASE AND THE OFFERING OF ANY SECURITIES
DESCRIBED HEREIN ARE ONLY ADDRESSED TO AND DIRECTED AT PERSONS IN THAT
MEMBER STATE WHO ARE QUALIFIED INVESTORS WITHIN THE MEANING OF THE
PROSPECTUS DIRECTIVE (OR WHO ARE OTHER PERSONS TO WHOM THE OFFER MAY
LAWFULLY BE ADDRESSED) AND MUST NOT BE ACTED ON OR RELIED ON BY OTHER
PERSONS IN THAT MEMBER STATE.
THIS PRESS RELEASE IS NOT DIRECTED TO ITALIAN RESIDENTS OTHER THAN ITALIAN
QUALIFIED INVESTORS.


16.06.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------

Mobimo uses cookies to optimise this website and make ongoing improvements. By using this website and its services and continuing to browse, you are agreeing to the use of cookies. You can change this in your browser settings. Privacy policy