Press Release : Announcement | MCH Group | Extraordinary General Meeting 27 November 2020 | Results

   Not for dispatch, publication or distribution in the USA, the United 
Kingdom, Canada, Japan, Australia or in the member states of the 
European Economic Area ("EEA"). 
 
   Approval of the package of measures and initiation of the first tranche 
of capital increases 
 
 
   -- Shareholders of MCH Group Ltd. give clear approval to the capital 
      increases and the entry of Lupa Systems as an anchor shareholder. 
 
   -- Implementation of the two capital increases for an amount of up to CHF 
      104.5 million as per the prospectus to be available on 30 November 2020. 
 
   -- Subscription period from 30 November to 4 December 2020 for the first 
      tranche of the approved capital increases for an amount of CHF 30 
      million. 
 
 
   At the Extraordinary General Meeting on 27 November 2020, the 
shareholders of MCH Group Ltd. gave their clear approval to all the 
proposals of the Board of Directors with more than 96% of votes in 
favour. A total of 622 shareholders, representing 84% of the nominal 
value of the shares, voted in writing on the Board of Directors' 
proposals. They approved the opting-up clause allowing Lupa Systems to 
hold a stake of up to 49% without being obliged to make a public offer, 
as well as the two capital increases for a total of up to CHF 104.5 
million. In addition, they elected James Murdoch, Jeffrey Palker and 
Eleni Lionaki as new members of the Board of Directors who will be in 
office after the capital increases have been completed. The amendments 
to the Statutes in respect of the future composition of the Board of 
Directors and the lifting of the restrictions on voting rights were 
similarly approved with a large majority. 
 
   "Foundation laid for the future" 
 
   "We are delighted by the shareholders' support. With their decision, 
they have laid the necessary financial and structural foundation for the 
future of our company", said Board Chairman Ulrich Vischer, commenting 
on the outcome of the Extraordinary General Meeting. "We will be 
implementing the capital increases this year still." 
 
   Bernd Stadlwieser, CEO of MCH Group, explained: "With their approval of 
the proposals of the Board of Directors, the shareholders are supporting 
both the package of measures for overcoming the corona crisis and the 
strategic realignment of the company. This gives us the assurance that 
we have adopted the right approach, which we will be continuing to 
pursue with a high level of commitment." 
 
   "We are looking forward to working together", said James Murdoch, CEO 
and founder of Lupa Systems. "We will do our utmost to justify the 
confidence placed in us as a new anchor investor and as members of the 
Board of Directors and to contribute to the company's successful 
turnaround and strategic progress." 
 
   First tranche of capital increases 
 
   As decided by the Extraordinary General Meeting, capital increases for a 
total of up to CHF 104.5 million will be conducted in two tranches. In 
the first tranche, the share capital will be increased by a nominal 
amount of CHF 20 million through the issue of two million new shares 
with an issue price of CHF 15.00 each, honouring the subscription rights 
of shareholders. 
 
   In this first tranche, the entitled holders of subscription rights can 
acquire new MCH shares under the conditions set out in the prospectus. 
One subscription right is allocated for each MCH share held after the 
close of trading on 27 November 2020. Three subscription rights entitle 
the holder to acquire one new MCH share. The subscription rights are 
transferable but are not traded on the stock exchange. Subscription 
rights that are not exercised within the subscription period expire 
without compensation and can no longer be exercised or taken into 
account. 
 
   All the subscription rights of the public-sector entities with a stake 
in MCH Group will be exercised by the Canton of Basel-Stadt in this 
first tranche. Subscription rights of other shareholders that are not 
exercised will be allocated to the Canton of Basel-Stadt or used in the 
interests of the company. 
 
   The subscription period for this first tranche of the approved capital 
increases runs from 30 November to 12:00 noon (CET) on 4 December 2020. 
The first trading day of the new registered shares is 9 December 2020. 
The terms of the second tranche of the capital increases will be 
announced on 7 December 2020. 
 
   The transaction is being accompanied by the Zürcher Kantonalbank as 
lead manager. 
 
   Further information 
 
   MCH Group is disclosing the following further information in advance in 
conjunction with the publication of the prospectus: 
 
   MCH Group has entered into a non-binding term sheet with a strategic 
partner to establish a joint venture company with its registered seat in 
Basel, Switzerland. The purpose of the joint venture company would be 
the organization and launch of B2B exhibitions and events primarily in 
MCH Group's venues in Switzerland. 
 
   MCH Group intends to sell real estate at Isteinerstrasse 80 and 82, 
close to the Messeplatz in Basel, which is not needed for its operations 
and which is currently used as offices and includes apartments and 
premises rented out to third parties. MCH Group plans to sell the 
building in the course of 2021. The estimated market value will be in 
the low double-digit million range. 
 
   MCH Group is in the process of searching for a new Chief Financial 
Officer (CFO). The current incumbent Beat Zwahlen intends to pursue 
different professional opportunities outside of MCH Group but will 
continue to act in his current role until an orderly succession can be 
arranged. 
 
   Following the reduction in the number of representatives of the 
public-sector entities on the MCH Group Board of Directors, Balz 
Hösly will represent the interests of both the Canton and the City 
of Zurich in future. The representative of the City of Zurich to date, 
city councillor André Odermatt, will step down from his function 
when the second tranche of capital increases is entered in the 
commercial register. 
 
   Prospectus 
 
   As of 30 November 2020, the prospectus can be requested during normal 
business hours from: 
 
 
   -- Zürcher Kantonalbank | P.O. Box | 8010 Zürich | Switzerland 
      | Tel. [phone] | e-mail [e-mail] 
 
   -- MCH Group AG | Investor Relations | Messeplatz 10 | 4005 Basel | 
      Switzerland | Tel. [phone] | e-mail [e-mail] 
 
 
 
 
 
   News online 
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   Media contact 
 
   MCH Group AG 
 
   Corporate Communications 
 
   Christian Jecker 
 
   [phone] 
 
   [e-mail] 
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   www.mch-group.com 
 
   Wichtiger Hinweis | Important Note 
 
   Dieses Dokument dient der Information der Aktionärinnen und 
Aktionäre der MCH Group AG im Hinblick auf das Bezugsrechtsangebot, 
das die ausserordentliche Generalversammlung der MCH Group AG am 27. 
November 2020 genehmigt hat. Dieses Dokument stellt weder ein Angebot 
noch eine Aufforderung zum Kauf oder zur Investition in Effekten der MCH 
Group AG oder einer ihrer Konzerngesellschaften dar. Dieses Dokument ist 
weder ein Prospekt im Sinne des Bundesgesetzes über 
Finanzdienstleistungen (<>) noch ein Kotierungsprospekt im Sinne 
des Kotierungsreglements der SIX Swiss Exchange AG oder ein Prospekt 
gemäss irgendeiner anderen Gesetzgebung oder Regelung. Exemplare 
dieses Dokuments dürfen weder in Länder versandt noch in 
Ländern verteilt bzw. aus solchen versandt werden, in welchen dies 
gesetzlich unzulässig oder untersagt ist. Eine Entscheidung 
über eine Teilnahme an der Kapitalerhöhung mit Bezugsrechten 
der MCH Group AG, die von der ausserordentlichen Generalversammlung der 
MCH Group AG am 27. November 2020 genehmigt worden ist, ist 
ausschliesslich auf der Grundlage des entsprechenden Prospekts bzw. 
Nachtrags zum Prospekt, der zu diesem Zweck von der MCH Group AG 
veröffentlicht wird, und nicht anhand dieses Dokuments zu treffen. 
Exemplare des Prospekts sowie des Nachtrags zum Prospekt werden 
voraussichtlich ab 30. November 2020 bzw. 8. Dezember 2020 gratis 
verfügbar sein. 
 
   This document and the information contained herein is not for 
publication or distribution into the United States of America and should 
not be distributed or otherwise transmitted into the United States or to 
U.S. persons (as defined in the U.S. Securities Act of 1933, as amended 
(the <>)) or publications with a general circulation in 
the United States. This document does not constitute an offer or 
invitation to subscribe for or to purchase any securities in the United 
States of America. The securities mentioned herein have not been and 
will not be registered under the U.S. Securities Act of 1933, as amended 
(<>), or the securities laws of any state or other 
jurisdiction of the United States of America, and may not be offered or 
sold within the United States of America except pursuant to an 
applicable exemption from, or in a transaction not subject to, the 
registration requirements of the Securities Act and applicable state or 
local securities laws. This document does not contain or constitute an 
offer of, or the solicitation of an offer to buy or subscribe for, 
securities to any person or in the United States of America or in any 
other jurisdiction. 
 
   The offer referred to herein, when made in member states of the European 
Economic Area (<>) and the United Kingdom, is only addressed to and 
directed to "qualified investors" within the meaning of Article 2(e) the 

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November 27, 2020 02:40 ET (07:40 GMT)