EQS Group-News: Helvetica Property / Key word(s): Funds/Real Estate HSL Fund launches capital increase of approximately CHF 120 million 2021-11-12 / 07:01
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Press release November 12, 2021
Press release (PDF)
Helvetica Property Investors AG will carry out a capital increase of up to CHF 117.5 million for the HSL Fund from November 16 until December 2, 2021, 12.00 noon CEST. Each existing share will be allocated one (1) subscription right. Five (5) subscription rights entitle to the subscription of three (3) new shares against payment of the issue price in Swiss Francs. A maximum of 1,028,366 new shares will be issued. The number of shares outstanding will increase from 1,713,944 to a maximum of 2,742,310 shares. The issue price amounts to CHF 114.24 net per new shares and has been determined in accordance with the fund contract (§ 17 clause 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 December 2, 2021, 12.00 noon CEST. Payment for the subscribed new shares will be due on December 6, 2021.
The funds from the capital increase are earmarked for the already secured purchase of 16 properties in good locations with over 287 apartments valued at CHF 143 million. The portfolio is distributed among the cantons of Basel-Stadt (31%), St. Gallen (33%), Thurgau (10%) and Zurich (26%). Through the acquisitions, the fund increases to over 1,000 apartments in attractive locations in Switzerland. The purchase of the properties is planned to take place immediately after the payment of the capital increase and represents a further important milestone with regards to the intended listing of the HSL Fund on the SIX Swiss Exchange by the end of 2022. For the financial year 2021, the fund management company plans to increase the distribution of profits by 10% year-on-year to CHF 3.40 per share.
The Zürcher Kantonalbank acts as lead manager in this transaction. The fund shares are 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.
Media contacts
Mirjam Nägeli Salman Baday Media Relations Head Sales & Marketing T +41 43 444 77 92 +41 43 544 70 95 mn@Helvetica.com sb@Helvetica.com Details of the capital increase Issue volume Maximum CHF 117.5 million Subscription ration 5:3 Number of existing shares 1'713'944 Number of new shares Maximum 2'742'310 Issue price per share CHF 114.24 net (including issuing commission) Subscription rights trading No subscription rights trading Subscription period 16 November 2021 - 02 December 2021, 12.00 Noon CEST Allocation December 02, 2021 Payment date December 06, 2021 Shares valor number / ISIN / Symbol 49 527 566 / CH0495275668 / HSL Subscription rights valor number / ISIN 113380062 / CH1133800628 / HSL1 Use of proceeds Investments in residential real estate in line with investment strategy Fund management company Helvetica Property Investors AG, Zürich Custodian Bank Bank J. Safra Sarasin AG, Basel Real estate valuation experts Wüest Partner AG, Zurich Auditors PricewaterhouseCoopers AG, Zurich Lead Manager Zürcher Kantonalbank, Zurich
All relevant documents concerning the capital increase can be found under the website of the fund management company or under Swiss Fund Data.
Zurich, November 12, 2021 - The fund management company launches a capital increase for the Helvetica Swiss Living Fund for a maximum of CHF 117.5 million for the purchase of 16 properties valued at CHF 143 million.
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; Valor 49 527 566; ISIN CH0495275668
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End of Media Release
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Language: English
Company: Helvetica Property
Brandschenkestrasse 47
8002 Zürich
Switzerland
Phone: +41 43 544 7080
E-mail: office@helvetica.com
Internet: www.Helvetica.com
ISIN: CH0434725054
Valor: 43472505
Listed: SIX Swiss Exchange
EQS News ID: 1248550
End of News EQS Group News Service
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November 12, 2021 01:01 ET (06:01 GMT)
