Brief: GAM Holding Says Delivery Of Offered Shares Against Payment Of Offer Price Is Scheduled For 15 November 2024

Gam Holding AG

13/11/2024 16:55

Nov 13 (Reuters) - GAM HOLDING AG  GAMH.S :
    * IN ITS RIGHTS OFFERING AND PLACEMENT OF 904,464,247 NEWLY
ISSUED
REGISTERED SHARES ( "OFFERED SHARES") ( "OFFERING"), 42% OF
SUBSCRIPTION RIGHTS HAVE BEEN VALIDLY EXERCISED BY END OF
SUBSCRIPTION PERIOD ON 13 NOVEMBER 2024
    * FIRST TRADING DAY OF OFFERED SHARES IS EXPECTED TO BE 15
NOVEMBER 2024
    * DELIVERY OF OFFERED SHARES AGAINST PAYMENT OF OFFER PRICE
IS
SCHEDULED FOR 15 NOVEMBER 2024
    * WITH COMPLETION OF CAPITAL INCREASE, GAM WILL RECEIVE
EXPECTED
NET PROCEEDS OF APPROXIMATELY CHF 98.2 MILLION
    * THESE PROCEEDS WILL BE USED TO REPAY AMOUNTS OUTSTANDING
UNDER
LOAN FACILITY GRANTED BY ROCK AND ANY RESIDUAL AMOUNT WILL BE
USED FOR GENERAL CORPORATE PURPOSES

Source text:  ID:nGNE3Pv1Tp 
Further company coverage:  GAMH.S 

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