Brief: Bachem Launches Accelerated Bookbuilding For Placement Of Up To 1.25 Million New Shares

BACHEM HOLDING AG

09/03/2023 16:54

March 9 (Reuters) - BACHEM HOLDING AG  BANB.S :
    * BACHEM LAUNCHES AN ACCELERATED BOOKBUILDING FOR PLACEMENT
OF UP
TO 1.25 MILLION NEW SHARES TO ACCELERATE ITS GROWTH PLANS
    * SHARE PLACEMENT OF UP TO 1.25 MILLION NEW SHARES VIA AN
ACCELERATED BOOKBUILDING FROM EXISTING AUTHORIZED CAPITAL,
REPRESENTING AROUND 1.7% OF CURRENTLY ISSUED SHARE CAPITAL
    * BACHEM INTENDS TO DEPLOY FUNDS TO FINANCE CAPACITY
EXPANSION
ACROSS ITS SITES, INCLUDING RECENTLY ANNOUNCED PROSPECTIVE
MANUFACTURING SITE IN SISSLERFELD/EIKEN, SWITZERLAND
    * PLACEMENT FOLLOWS BACHEM'S STRONG GROWTH MOMENTUM IN
PEPTIDE &
OLIGONUCLEOTIDE THERAPEUTICS PRODUCTION (TIDES) AND MAJOR ORDERS
RECEIVED IN 2022 AND 2023 TO-DATE
    * TODAY ANNOUNCES LAUNCH OF AN ACCELERATED BOOKBUILDING
OFFERING
OF UP TO 1'250'000 NEW REGISTERED SHARES ( "NEW SHARES") WITH A
PAR VALUE OF CHF 0.01 PER NEW SHARE
    * NEW SHARES ARE EXPECTED TO BE LISTED AND ADMITTED TO
TRADING ON
SIX SWISS EXCHANGE ON MARCH 13, 2023
    * PAYMENT AND SETTLEMENT IS EXPECTED TO TAKE PLACE ON MARCH
14,
2023
    * NEW SHARES WILL RANK PARI PASSU WITH EXISTING SHARES AND
CARRY
FULL DIVIDEND RIGHTS FOR FISCAL YEAR 2022
    * BACHEM IS PLANNING INVESTMENTS OF CHF 550 MILLION AT ITS
HEADQUARTER SITE IN BUBENDORF AND CHF 750 MILLION FOR NEW SITE
IN SISSLERFELD/EIKEN, WHICH IS EXPECTED TO BECOME OPERATIONAL BY
END OF DECADE

Further company coverage:  BANB.S 

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