EQS Group-Media / 2019-08-27 / 07:39
*Media Release*
*Last capital increase prior to listing of the HSC Real estate fund on the
stock exchange*
*Zurich, 27 August 2019 - The last capital increase prior to the listing of
the Helvetica Swiss Commercial (HSC Fund) on the SIX Swiss Exchange will
start on 9 September 2019 with a maximum of CHF 99.1 million. The issue
proceeds will be used for the further expansion of the high-quality real
estate portfolio. *
From 9 to 20 September 2019, 12.00 noon CET, Helvetica Property Investors,
the Fund Management Company, will carry out a capital increase of up to 99.1
million Swiss Francs for the HSC Fund.
One (1) subscription right shall be allocated to each previous share. Four
(4) subscription rights entitle the holder to subscribe to one (1) new share
against payment in full of the issue price. Accordingly, the Fund Management
Company has decided to issue a maximum of 868 570 new shares, increasing the
number of shares outstanding from 3 474 281 to a maximum of 4 342 851. The
issue price was calculated in accordance with the fund agreement and amounts
to CHF 114 net per new share of the HSC Fund. The exact number of new shares
to be issued will be decided at the end of the subscription period based on
the subscriptions received. The new shares to be issued are to be paid on 30
September 2019.
There is no official trading of subscription rights. The Fund Management
Company reserves the right, after the subscription period has expired, to
acquire shares that have not been subscribed for and then to place them on
the market free of charge along with the custodian bank or third parties.
The listing of the HSC Fund on the SIX Swiss Exchange is planned for the
last quarter of 2019. The listing will benefit investors by increasing the
liquidity of their shares. Until then, the HSC Fund will continue to be
traded over the counter by Banque Cantonale Vaudoise in Lausanne.
All relevant documents relating to the capital increase are available at
www.swissfunddata.ch or www.HelveticaProperty.com [1] as of today.
This announcement does not constitute an issue prospectus within the meaning
of Art. 652a and Art. 1156 of the Swiss Code of Obligations or a prospectus
within the meaning of the Federal Act on Collective Investment Schemes.
*FOR MORE INFORMATION*
Hans R. Holdener
CEO and Managing Partner
Phone + 41 43 544 70 80
E-Mail hrh@helveticaproperty.com
All press releases can be found at www.HelveticaProperty.com [1]
Financial statements are available on the website of the Fund Management
Company http://www.HelveticaProperty.com [1] or www.swissfunddata.ch [2]
*KEY DATA ON THE CAPITAL
INCREASE*
Issue volume Maximum CHF 99.1 Millionen
Subscription ratio 4:1
Number of existing shares 3 474 281
Number of new shares Maximum 868 570
Offering price per share CHF 114 net (including issuing
commission)
Subscription rights trading No official subscription rights
trading
Subscription period 09. September 2019 - 20. September
2019, 12.00 CET
Payment date 30. September 2019
Settlement of subscription The compensation is calculated
rights according to the following formula:
(Average of the bid prices of the
fund shares during the subscription
period - issue price)/4*1). If this
formula does not result in a
positive value, the value of the
subscription right is zero.
Subscription rights number 49252468 / CH0492524688
shares
Securities number shares 33550793 / CH0335507932
Use of issuing proceeds Acquisition of properties in line
with the real estate fund's
investment strategy
Fund Management Company Helvetica Property Investors AG,
Zurich
Custodian Bank Banque Cantonale Vaudoise, Lausanne
Auditor PricewaterhouseCoopers AG, Zurich
*About Helvetica Property Investors AG*
Helvetica Property Investors is an independent partner-owned and managed
real estate fund management company regulated by the Swiss Financial Market
Supervisory Authority FINMA. Helvetica Property Investors offers the full
spectrum of real estate investments, including investment strategies,
investment property selection, deal structuring, acquisitions, financing,
portfolio management and sales. The firm offers both direct and indirect
real estate investments in Switzerland on behalf of its clients. Helvetica
Property Investors acts as fund and asset manager for the Helvetica Swiss
Commercial real estate fund.
/ / / / / /
*About Helvetica Swiss Commercial Real Estate Fund*
The Helvetica Swiss Commercial real estate fund («HSC») and is an open
contractual real estate investment fund under Swiss law open to all
investors. The fund is suited for long-term value investors interested in a
stable and consistent cash-flow. The fund invests in commercial properties
with value appreciation potential across the most dynamic economic regions
in Switzerland. The focus is on potentially undervalued properties with an
attractive cash-flow yield. The fund manager pursues an active hands-on
management approach to unlock and realize hidden potential in the properties
by means of revitalization, renovations, vacancy reductions and lease
extensions. The long-term goal is to build a broadly diversified portfolio
by region, type of use, object size and tenant mix.
*Disclaimer*
This media release (i) does not constitute an issue prospectus within the
meaning of Art. 652a or Art. 1156 of the Swiss Code of Obligations or Art.
27 et seq. of the Listing Rules of the SIX Swiss Exchange nor a prospectus,
simplified prospectus or Key Investor Information Document (KIID) within the
meaning of the Swiss Collective Investment Schemes Act and (ii) may not be
offered to the general public or otherwise made available to the public in
Switzerland or from Switzerland. The documents solely relevant for an
investment decision can be obtained from Helvetica Property Investors AG.
Investments in financial products are associated with various risks,
including the potential loss of invested capital. The price, value and
return of collective investment schemes are subject to fluctuations. Past
performance is not an indicator of future performance and does not guarantee
future success. Helvetica Property Investors AG does not guarantee the
realisation of the expected increases in value. Detailed information on
securities trading and investments in collective investment schemes can be
found in the brochure "Special Risks in Securities Trading" published by the
Swiss Bankers Association. The information contained in this publication has
been obtained from sources believed to be reliable by Helvetica Property
Investors AG. Helvetica Property Investors AG does not, however, give any
express or implied guarantee that the information and elements published are
correct, complete, accurate or up-to-date. Helvetica Property Investors AG
shall not be liable for any loss or damage (direct, indirect or
consequential) caused by or in connection with the distribution of this
document or its contents. The information contained in this document is
subject to change without notice. Neither this media release nor copies
thereof may be sent, taken or distributed in the United States or given to
U.S. persons (within the meaning of Regulation S under the U.S. Securities
Act of 1933, as amended). The same applies to all states and countries in
which such distribution is prohibited.
Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=QLUOIXYBAT [3]
Document title: Media Release Last Capital Increase prior to listing
Issuer: Helvetica Property Investors AG
Key word(s): Finance
End of Corporate News
Language: English
Company: Helvetica Property Investors AG
Gartenstrasse 23
8002 Zürich
Switzerland
Phone: +41 43 544 7080
E-mail: office@helveticaproperty.com
Internet: www.HelveticaProperty.com
ISIN: CH0335507932
Valor: A2DXEX
Listed: SIX Swiss Exchange
EQS News ID: 863477
End of News EQS Group Media
863477 2019-08-27
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=213ad5750194aee16a7109422e93d682&application_id=863477&site_id=vwd&application_name=news
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=62e309910103b91e4e07fa1da35b941e&application_id=863477&site_id=vwd&application_name=news
3: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=6457dd792235bdfc2d5e5b97d848fef6&application_id=863477&site_id=vwd&application_name=news
(END) Dow Jones Newswires
August 27, 2019 01:39 ET (05:39 GMT)
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