Brief: Novavest Real Estate To Issue Up To 631,145 New Shares

Novavest Real Estate AG

20/11/2020 06:03

Nov 20 (Reuters) - NOVAVEST REAL ESTATE AG  NREN.S :
    * SUBSCRIPTION PRICE SET AT CHF 41.70 PER REGISTERED SHARE
    * CAPITAL INCREASE FROM THE EXISTING AUTHORIZED CAPITAL BY
ISSUING
UP TO 631,145 NEW REGISTERED SHARES WITH A NOMINAL VALUE OF CHF
28.55 EACH
    * SUBSCRIPTION PERIOD RUNS FROM NOVEMBER 30, 2020 TO
DECEMBER 11,
2020 (12.00 P.M. CET)
    * 51 SUBSCRIPTION RIGHTS ENTITLE THE HOLDER TO PURCHASE 5
NEW
SHARES (SUBSCRIPTION RATIO 51: 5)
    * THE NEW SHARES WILL BE FULLY ENTITLED TO DIVIDENDS FOR THE
ENTIRE 2020 FINANCIAL YEAR
    * PROVIDED THAT CAPITAL INCREASE IS CARRIED OUT IN FULL,
THIS
RESULTS IN A TRANSACTION VOLUME OF AROUND CHF 26.3 MILLION

Source text for Eikon:  ID:nTENkz2j9a 
Further company coverage:  NREN.S 

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