The Board of Conzzeta AG (SWX:CON) announced the spin-off of Plazza Immobilien Ag to the shareholders of Conzzeta on March 26, 2014. Each shareholder should receive, free of charge, four split Conzzeta shares as well as four new shares in Plazza. Share allocation will take place within the same category (registered share A and registered share B). The share capital of Plazza AG is to be set at CHF 1035 million. The share capital of Conzzeta AG is to be reduced by the same amount. The Real Estate business unit will be incorporated in Plazza AG, which is to be newly formed. After the spin-off, Plazza AG's registered share A is to be listed and traded on the SIX Swiss Exchange. Plazza AG's registered share B will be traded on the off-exchange trading platform of the Zurich Cantonal Bank. The shareholder meeting of Conzzeta is scheduled on June 22, 2015. The first trading day under the PLAN stock exchange symbol is likely to be June 26, 2015. As of June 26, 2015, swiss exchange announced that Plazza will start trading at CHF 236.

Conzzeta shares will be split in a ratio of 1:4. Share capital of Plazza AG is to be set at CHF 1.035 billion. Extra ordinary general meeting of shareholders is scheduled for June 22, 2015. As of June 22, 2015, Conzzeta shareholders approved the deal.

The Board of Conzzeta AG (SWX:CON) completed the spin-off of Plazza AG (SWX:PLAN) to the shareholders of Conzzeta on June 26, 2015.