Swiss Prime Site: Subscription rights subscribed at just under 98 percent
Swiss Prime Site has announced the result of its rights offering as part of the capital increase. Accordingly, 97.7 percent of the subscription rights were exercised.
Swiss Prime Site offered 4,467,432 new registered shares with a nominal value of CHF 15.30 each at a subscription price of CHF 74.00 as part of its rights issue.
As Immobilien-AG announced, 4,364,239 new registered shares had been subscribed by the end of the subscription period on September 26, which corresponds to 97.7 percent. The unsubscribed 103,193 new registered shares are to be placed on the market.
The proceeds from the capital increase will primarily be used to finance the realization of the development pipeline of commercial real estate in Switzerland. The company also intends to expand its investment portfolio.
The first trading day of the new registered shares is scheduled for September 28, on which day delivery is also expected to take place. The banking syndicate consisted of Credit Suisse and UBS as Joint Global Coordinators and together with J.P. Morgan and Zürcher Kantonalbank as Joint Bookrunners. (ah)
