Capital increase for Helvetica Swiss Living Fund (HSL Fund) of up to CHF 92 million
The fund management company Helvetica Property Investors AG will carry out a capital increase of up to maximum CHF 92 million for the HSL Fund in the period from 12 to 22 October 2020, 12.00 noon CEST. Each existing share will be allocated one (1) subscription right. One (1) subscription right entitles the holder to subscribe to one (1) new share against payment of the issue price in Swiss francs. In total, a maximum of 847,430 new shares will be issued. This will increase the number of outstanding shares from currently 847,430 to maximum 1,694,860 shares. The issue price is CHF 108.24 net per new share of the HSL Fund. The issue price was calculated according to the fund contract (§ 17 paragraph 3). The exact number of newly issued shares will be determined at the end of the subscription period based on the subscriptions received. There will be no trading in subscription rights. Subscription rights which have not been exercised during the subscription period shall expire without value after 22 October 2020, 12.00 noon CEST. Payment for the subscribed new shares will be on 28 October 2020.
The purpose of the capital increase is to generate additional equity for the already agreed purchase of an attractive portfolio of residential properties with a value of CHF 50 million and for the acquisition of additional residential properties in Switzerland.
The HSL Fund shares are traded over-the-counter by Bank J. Safra Sarasin AG. This press release does not constitute an issue prospectus within the meaning of Art. 652a and Art. 1156 of the Swiss Code of Obligations.
Media contact
| Michael Müller | Salman Baday |
| Chief Executive Officer | Head Sales Schweiz |
| T +41 43 544 70 80 | T +41 43 544 70 95 |
| mm@Helvetica.com | sb@Helvetica.com |
DETAILS OF THE CAPITAL INCREASE |
| |
Issue volume | Maximum CHF 92 million | |
Subscription ratio | 1:1 | |
Number of existing shares | 847,430 | |
Number of new shares | Maximum 847,430 | |
Issue price per share | CHF 108.24 net (including issuing commission) | |
Subscription rights trading | No subscription rights trading | |
Subscription period | 12 October 2020 – 22 October 2020, 12.00 noon CEST | |
Allocation | 23 October 2020 | |
Payment date | 28 October 2020 | |
Shares Valor number / ISIN / Symbol | 49 527 566 / CH0495275668 / HSL | |
Subscription rights Valor number / ISIN | 57 504 034 / CH0575040347 | |
Use of proceeds | The additional equity will be used to invest in attractive real estate assets and projects in line with the HSL Fund’s investment strategy | |
Fund management company | Helvetica Property Investors AG, Zurich | |
Custodian Bank | Bank J. Safra Sarasin AG, Basel | |
Real estate valuation experts | Wüest Partner AG, Zurich | |
Auditors | PricewaterhouseCoopers AG, Zurich | |
All relevant documents concerning the capital increase are available under www.swissfunddata.ch or www.Helvetica.com
About Helvetica
Helvetica Property Investors AG is a leading real estate fund management company and asset management firm. We deliver sustainable value to our clients through active, long-term ownership of safe and stable real estate investments. With a fully integrated real estate investment platform, we are able to provide both standardized investment products and customized investment plans. We are proud of our longstanding reputation for outstanding client service and dedication to responsible ownership. Our firm is approved and regulated by the Swiss Financial Market Supervisory Authority FINMA.
About Helvetica Swiss Living Fund
The HSL Fund is a Swiss real estate fund open exclusively to qualified investors. The HSL Fund invests in residential real estate throughout Switzerland, primarily where regional and national economic centers are easily accessible. The investment focus of the fund is on older and newer properties with stable and sustainable revenues. The investment objective is primarily to preserve the fund’s long-term value and to distribute reasonable profits. The fund share units can be traded over-the-counter. The HSL Fund is approved by the Swiss Financial Market Supervisory Authority, FINMA.
Ticker Symbol HSL; security 49527566; ISIN CH0495275668
Disclaimer
This media release does not constitute an issue prospectus within the meaning of Art. 652a or Art. 1156 of the Swiss Code of Obligations, nor a prospectus, a simplified prospectus or Key Investor Information Document (KIID) within the meaning of the Swiss Collective Investment Schemes Act. The units of the HSL Fund may not be publicly offered or advertised in Switzerland. The documents that are solely relevant for an investment decision, the prospectus and the simplified prospectus, can be obtained free of charge from the fund management company.