EQS Group-News: Helvetica Property / Key word(s): Funds/Real Estate
Press release November 12, 2021
Helvetica Property Investors AG will carry out a capital increase of up to CHF 117.5 million for the HSL Fund from November 16 until December 2, 2021, 12.00 noon CEST. Each existing share will be allocated one (1) subscription right. Five (5) subscription rights entitle to the subscription of three (3) new shares against payment of the issue price in Swiss Francs. A maximum of 1,028,366 new shares will be issued. The number of shares outstanding will increase from 1,713,944 to a maximum of 2,742,310 shares. The issue price amounts to CHF 114.24 net per new shares and has been determined in accordance with the fund contract (§ 17 clause 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. There will be no trading of subscription rights. Subscription rights that have not been exercised during the subscription period will expire with no value after December 2, 2021, 12.00 noon CEST. Payment for the subscribed new shares will be due on December 6, 2021.
The funds from the capital increase are earmarked for the already secured purchase of 16 properties in good locations with over 287 apartments valued at CHF 143 million. The portfolio is distributed among the cantons of Basel-Stadt (31%), St. Gallen (33%), Thurgau (10%) and Zurich (26%). Through the acquisitions, the fund increases to over 1,000 apartments in attractive locations in Switzerland. The purchase of the properties is planned to take place immediately after the payment of the capital increase and represents a further important milestone with regards to the intended listing of the HSL Fund on the SIX Swiss Exchange by the end of 2022. For the financial year 2021, the fund management company plans to increase the distribution of profits by 10% year-on-year to CHF 3.40 per share.
The Zürcher Kantonalbank acts as lead manager in this transaction. The fund shares are traded over-the-counter by Bank J. Safra Sarasin Ltd.
This announcement does not constitute an issuing prospectus according to article 35 ff. of the Financial Services Act.
Zurich, November 12, 2021 - The fund management company launches a capital increase for the Helvetica Swiss Living Fund for a maximum of CHF 117.5 million for the purchase of 16 properties valued at CHF 143 million.
About Helvetica Swiss Living Fund
Ticker Symbol HSL; Valor 49 527 566; ISIN CH0495275668
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