EQS Group-News: Helvetica Property
/ Key word(s): Funds/Real Estate
Press release, 05 May 2021
Zurich, 05 May 2021 - The fund management company will launch a capital increase for the Helvetica Swiss Living Fund (HSL Fund; ISIN CH0495275668) for a maximum of CHF 38 million on 10 May 2021. The issue proceeds will permit the already secured purchase of more than 300 apartments in attractive locations valued at about CHF 130 million.
The fund management company will carry out a capital increase of up to CHF 38 million for the HSL Fund from 10 May to 26 May 2021, 12.00 noon CEST. Each existing share will be allotted one (1) subscription right. (4) subscription rights entitle to the subscription of one (1) new share against payment of the issue price in Swiss Francs. In total a maximum of 342,789 new shares will be issued. This will increase the total number of outstanding shares from 1,371,155 to a maximum of 1,713,944 shares. The net issue price will be CHF 109.68 for each new share. The issue price was calculated according to the fund contract (§ 17 para. 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 26 May 2021, 12:00 noon CEST. Payment for the subscribed new shares will be due on 31 May 2021.
The aim of the capital increase is to continue the growth strategy and to raise additional equity for the already secured purchase of over 300 attractive apartments, mostly in the Zurich area and in the Lake Geneva region, valued at approximately CHF 130 million. This will further improve the diversification and distribution capacity of the fund and brings the fund's total to over 800 apartments in attractive locations. The purchase is planned immediately after the payment of the capital increase.
The fund management company certifies the sustainability of its portfolio properties by an independent body. The DGNB (German Sustainable Building Council) certification "Buildings in Operation" is gradually being rolled out for existing properties, thereby increasing reporting transparency and the sustainable development of the real estate portfolios.
Aim to list fund on SIX Swiss Exchange
This press release does not constitute a prospectus according to article 35 ff. of the Financial Services Act.
About Helvetica Swiss Living Fund
Ticker Symbol HSL; Valor 49 527 566; ISIN CH0495275668
End of Media Release
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