HIAG Immobilien Holding AG / Key word(s): Capital Increase
16-Nov-2021 / 06:59 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
Ad hoc announcement pursuant to Art. 53 LR
NOT FOR PUBLICATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, THE UNITED KINGDOM, OR THE EUROPEAN ECONOMIC AREA OR IN ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION WOULD NOT BE IN COMPLIANCE WITH APPLICABLE LAWS AND REGULATIONS.
Media information (PDF)
Maximum number of 1,686,600 new shares fully placed
Net proceeds of around CHF 155.9 million
Free float increased to about 45.6%
Basel, 16 November 2021 - In the course of the capital increase of HIAG Immobilien Holding AG, the maximum number of 1,686,600 new shares with a nominal value of CHF 1.00 was placed at an issue price of CHF 95.00. The net proceeds from the capital increase will amount to around CHF 155.9 million. The capital increase met with an above-average response from public shareholders and was oversubscribed. The Board of Directors and the Executive Board of HIAG Immobilien Holding AG would like to thank investors for this proof of confidence.
Participation of the anchor shareholders
The anchor shareholders participated in the capital increase with 17.8% of their subscription rights. The free float has thus increased from 36.9% to 45.6%. In addition, the anchor shareholders, HIAG Immobilien Holding AG and its Board of Directors and Executive Board have committed to a lock-up period ending 12 months after the listing of the new shares.
Use of proceeds
HIAG intends to use the net proceeds from the share placement to finance projects, reduce debt and realise acquisition opportunities for properties with long-term cash flow and value enhancement potential that add value to HIAG's portfolio.
Listing and first trading day
Trading in the new shares on the SIX Swiss Exchange and settlement are scheduled to take place on Thursday, 18 November 2021.
Zürcher Kantonalbank is acting as Sole Lead Manager of this transaction.
Key data of the transaction
SIX Swiss Exhange
Real estate companies
Swiss security number
Number of new shares
Number of shares issued after the capital increase
Free float after the capital increase
Listing and first trading day
18 November 2021
18 November 2021
13 January 2022
Baader Helvea Swiss Equities Conference
14 March 2022
Publication of Annual Report 2021
28 April 2022
Annual General Meeting
26 August 2022
Publication of Half-Year Report 2022
HIAG is a leading real estate company listed on the SIX Swiss Exchange that has a real estate portfolio with a total value of CHF 1.8 billion. Based on the real estate portfolio's land area of 2.7 million m² and current usable area of 467,000 m², HIAG has an outstanding development pipeline with an additional usable area of around 783,000 m² with 60 projects and an expected investment volume of around CHF 2.9 billion. The portfolio comprises 46 sites with well-developed office, commercial and logistics properties as well as selected residential properties in future-oriented growth regions of German and French-speaking Switzerland. HIAG generates a stable rental income from its real estate management activities and and creates long-term value potential through active portfolio management and the development of attractive destinations.
This media release serves informational purposes and constitutes neither an offer to sell nor a solicitation or an advertisement to buy any shares of HIAG Immobilien Holding AG in any jurisdiction. This media release does not constitute a prospectus within the meaning of Article 35 et seqq. of the Swiss Federal Act on Financial Services. The rights offering and the share placement regarding shares of HIAG Immobilien Holding AG have been closed and the rights exercise and placement periods have expired.
This media release and the information contained therein are not being issued in the United States of America, Australia, Canada, Japan, the United Kingdom, or the European Economic Area and must not be distributed within or to such countries or via publications with a general circulation in such countries.
This media release contains forward-looking statements such as projections, forecasts, and estimates. Such forward-looking statements are subject to certain risks and uncertainties which may cause actual results, performance, or events to differ materially from those anticipated in this media release. The forward-looking statements contained in this media release are based on the views and assumptions of HIAG Immobilien Holding AG as of this date and HIAG Immobilien Holding AG does not assume any obligation to update or revise this media release.
End of ad hoc announcement