Brief: Swiss Prime Site Launches An Accelerated Bookbuild Offering Of Up To Circa CHF 300 Mln

Swiss Prime Site AG

24/02/2025 15:48

Feb 24 (Reuters) - SWISS PRIME SITE AG  SPSN.S :
    * SWISS PRIME SITE LAUNCHES AN ACCELERATED BOOKBUILD
OFFERING OF
UP TO CIRCA CHF 300 MILLION TO FUND PROFITABLE GROWTH
OPPORTUNITIES
    * CAPITAL INCREASE WILL ALLOW SWISS PRIME SITE TO PURSUE
PROFITABLE GROWTH OPPORTUNITIES
    * NEW SHARES WILL BE SOURCED FROM EXISTING CAPITAL BAND AND
CORRESPOND TO UP TO CIRCA 4% OF CURRENTLY ISSUED SHARES
    * ACQUISITION PIPELINE OF YIELDING PROPERTIES UNDERWAY WITH
EXPECTED RENTAL INCOME OF MORE THAN CHF 17 MILLION PER ANNUM
    * NET PROCEEDS FROM OFFERING ARE EXPECTED TO BE DEPLOYED
WITHIN
NEXT 9-12 MONTHS
    * TRANSACTION IS EXPECTED TO BE ACCRETIVE TO FUNDS FROM
OPERATIONS
I (FFO I) PER SHARE UPON FULL DEPLOYMENT AND TO NAV IMMEDIATELY
    * OFFERING WILL COMMENCE IMMEDIATELY FOLLOWING RELEASE OF
THIS
ANNOUNCEMENT
    * PLACEMENT PRICE OF NEW SHARES AS WELL AS NUMBER OF NEW
SHARES TO
BE ISSUED WILL BE ANNOUNCED UPON COMPLETION OF BOOKBUILDING
PROCESS
    * COMPLETION OF BOOKBUILDING PROCESS EXPECTED PRIOR TO
MARKET
OPENING ON FEB 25 2025
    * NEW SHARES TO BE LISTED ON SIX SWISS EXCHANGE ON 26
FEBRUARY
2025
    * BOARD OF DIRECTORS HAS PROPOSED AN INCREASED DIVIDEND OF
CHF
3.45 PER SHARE

Source text:  ID:nEQ7ryJxba 
Further company coverage:  SPSN.S 

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