HSO Fund – Capital increase of up to a maximum of CHF 30 million
The fund management company will carry out a capital increase of up to a maximum of CHF 30 million for the HSO Fund in the period from October 11 to 29, 2021, 12.00 CEST. Each existing share will be allotted one (1) subscription right. Four (4) subscription rights entitle the subscription of one (1) new share against payment of the issue price in Swiss Francs. In total, a maximum of 250,000 new shares will be issued. This increases the number of outstanding shares from 1,000,000 to a maximum of 1,250,000 shares. The issue price is CHF 120.26 net per new share and has been determined in accordance with the fund contract (Art. 17 No. 3). The exact number of new shares to be issued will be determined after 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 will expire with no value after October 29, 2021, 12:00 noon CEST. The payment of the newly issued shares will take place on November 5, 2021.
The proceeds from the capital increase will be used to expand the high-quality portfolio of properties. Various attractive properties which are in line with the acquisition strategy are, partly exclusively, in the pipeline.
In the mid-term, a listing of the HSO Fund on the SIX Swiss Exchange is planned until the end of 2023. The fund is currently 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.
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| Details of the capital increase | |
| Issue volume | Maximum CHF 30.1 million |
| Subscription ration | 4:1 |
| Number of existing shares | 1'000'000 |
| Number of new shares | Maximum 250'000 |
| Issue price per share | CHF 120.26 net (including issuing commission) |
| Subscription rights trading | No subscription rights trading |
| Subscription period | October 11 - 29, 2021, 12.00 noon CEST |
| Allocation | November 01, 2021 |
| Payment date | November 05, 2021 |
| Shares valor number / ISIN / Symbol | 43 472 505 / CH0434725054 / HSO |
| Subscription rights valor number / ISIN | 113453354 / CH1134533541 / HSO1 |
| Use of proceeds | The additional equity will be used to invest in attractive real estate assets in line with the HSO 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 can be found under the website of the fund management company or under Swiss Fund Data.
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 Opportunity Fund
The HSO Fund is a Swiss real estate fund open exclusively to qualified investors. The HSO Fund invests in special purpose properties in the Swiss economic centers. The focus is on fully let properties with long-term leases and few tenants generating stable income. The investment objective is mainly the long-term preservation of value and the distribution of reasonable profits. The fund share units can be traded over-the-counter. The HSO Fund is approved by the Swiss Financial Market Supervisory Authority, FINMA.
Ticker Symbol HSO; security 43 472 505; ISIN CH0434725054
Helvetica Property Investors AG |
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