HIAG Immobilien: IPO over-allotment option partially exercised

Published: 13. June 2014

Media Release

 

Not for release, publication or distribution in the United States of America, Canada, Japan or Australia.

 

For Release in Switzerland. This is a restricted communication and you must not forward it or its contents to any person to whom forwarding it is prohibited by the legends contained therein. In particular, this release and the information contained therein is not being issued and may not be distributed in the United States of America, Canada, Australia or Japan and does not constitute an offer of securities for sale in such or any other countries.

 

On 16 May 2014, the HIAG Immobilien shares were traded on SIX Swiss Exchange for the first time. Credit Suisse decided on 12 June 2014 to partially exercise the over-allotment option. The 81'974 shares covering the over-allotment option are sourced from the anchor shareholders Felix Grisard, Salome Grisard Varnholt and Andrea Grisard and were placed in the market at CHF 76.00 per share.

 

Including the shares placed in connection with the over-allotment option, a total of 2'629'474 shares were sold in the IPO of HIAG Immobilien, representing 32.87% of today's issued share capital. The total placement volume therefore amounts to approximately CHF 199.8 million.

 

After the partial exercise of the over-allotment option, the anchor shareholders hold, both directly and indirectly, 65.26% of the total 8'000'000 registered shares of the company.

 

The anchor shareholders as well as the members of the board of directors and the management have signed a lock-up agreement for a period of 12 months, and HIAG Immobilien has agreed to a lock-up of 6 months starting from the first trading day, subject to the usual exemptions. Moreover, the anchor shareholders have underpinned their long-term commitment to the Company by signing a shareholders' agreement.

 

Credit Suisse acted as Sole Bookrunner for the IPO and Bank Vontobel AG as Co-Lead Manager.

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 28

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 23

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com

 

About HIAG Immobilien

HIAG Immobilien is a leading Swiss property owner, manager and redeveloper of former industrial sites in attractive locations. Its real estate portfolio is broadly diversified both geographically as well as in terms of property usage. HIAG Immobilien owns 38 sites with a total surface area of 2.4 million m². The group generates an annualised property income of approximately CHF 48 million and currently pursues 46 short-, mid- and long term redevelopment projects. As a long-term landlord HIAG Immobilien aims at sustainable development of new quarters and grows its portfolio on a continuous basis.

Disclaimer

This publication may contain specific forward-looking statements, e.g. statements including terms like "believe", "assume", "expect", "forecast", "project", "may", "could", "might", "will" or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, financial situation, development or performance of HIAG Immobilien and those explicitly or implicitly presumed in these statements. Against the background of these uncertainties, readers should not rely on forward-looking statements. HIAG Immobilien assumes no responsibility to up-date forward-looking statements or to adapt them to future events or developments.

 

This document is not an offer to sell or a solicitation of offers to purchase or subscribe for shares. This document is not a prospectus within the meaning of Article 652a of the Swiss Code of Obligations, nor is it a listing prospectus as defined in the listing rules of SIX Swiss Exchange or a prospectus under any other applicable laws. Copies of this document may not be sent to jurisdictions, or distributed in or sent from jurisdictions, in which this is barred or prohibited by law. The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, in any jurisdiction in which such offer or solicitation would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any jurisdiction.

 

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 "Securities Act")) 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 referred to herein have not been and will not be registered under the Securities Act, or the laws of any state and may not be offered or sold in the United States of America absent registration or an exemption from registration under Securities Act. There will be no public offering of the securities in the United States of America.

 

The information contained herein does not constitute an offer of securities to the public in the United Kingdom. No prospectus offering securities to the public will be published in the United Kingdom. This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). This communication does not constitute an "offer of securities to the public" within the meaning of Directive 2003/71/EC of the European Union (the "Prospectus Directive") of the securities referred to in it (the "Securities") in any member state of the European Economic Area (the "EEA"). Any offers of the Securities to persons in the EEA will be made pursuant to an exemption under the Prospectus Directive, as implemented in member states of the EEA, from the requirement to produce a prospectus for offers of the Securities.

 

For the avoidance of doubt, neither the Sole Bookrunner nor the Co-Lead Manager makes any representation or warranty that it intends to accept or be bound to any of the information contained herein nor shall the Sole Bookrunner or the Co-Lead Manager be obliged to enter into any further discussions or negotiations pursuant thereto but shall be entitled in their absolute discretion to act in any way that they see fit in connection with the potential transaction. Any discussions, negotiations or other communications that may be entered into, whether in connection with this communication or otherwise, shall be conducted subject to contract. No representation or warranty expressly or implicitly, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by the Sole Bookrunner or the Co-Lead Manager, or any of their respective officers, employees or agents, as to or in relation to the accuracy or completeness of this communication, publicly available information on HIAG Immobilien or any other written or oral information made available to any interested party or its advisors and any liability therefore whether in contract, tort or otherwise is hereby expressly disclaimed.

 

The Sole Bookrunner and the Co-Lead Manager are acting on behalf of the Company and no one else in connection with the referred to herein and will not be responsible to any other person for providing the protections afforded to clients of the Sole Bookrunner or the Co-Lead Manager, or for providing advice in relation to the securities referred to herein.