Brief: Hochdorf Holding: successful placement of mandatory convertible securities

Centiel AG

28/03/2017 17:00

March 28 (Reuters) - Hochdorf Holding AG  HOCN.S : 
    * Successful placement of mandatory convertible securities 
    * Successfully completed placement of mandatory convertible 
securities in aggregate amount of 218,490,000 Swiss francs  
($221.79 million)with Neue Helvetische Bank AG acting as Lead 
Manager 
    * A tranche of 131,005,000 Swiss francs of mandatory 
convertible securities were reserved for partial financing of 
51% stake in Pharmalys Group 
    * Furthermore, existing shareholders subscribed to 44.8% of 
remaining mandatory convertible securities in amount of 
87,485,000 francs by exercising their advanced subscription 
rights 
    * Mandatory convertible securities that were not subscribed 
for by existing shareholders were purchased by ZMP Invest AG and 
by Innovent Holding AG 
 
Source text for Eikon:  ID:nEQ86NmcK  
Further company coverage:  HOCN.S  
 
($1 = 0.9851 Swiss francs) 
 
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