Brief: Varia US Properties AG Intention To Increase Share Capital

Varia US Properties AG

02/10/2020 06:03

Oct 2 (Reuters) - VARIA US PROPERTIES AG  VARN.S :
    * PROVIDES BUSINESS UPDATE - INTENTION TO INCREASE SHARE
CAPITAL
TO EXPLOIT FURTHER GROWTH OPPORTUNITIES
    * VARIA PLANS TO INCREASE ITS SHARE CAPITAL IN NEAR FUTURE
TO
BENEFIT FROM CURRENT FAVORABLE MARKET CONDITIONS AND TO FURTHER
ENHANCE ITS PORTFOLIO
    * FOR BUSINESS YEAR 2020, COMPANY INTENDS TO DISTRIBUTE A
DIVIDEND
AT MINIMA IN LINE WITH DISTRIBUTION MADE FOR YEAR 2019
    * INTENDS TO OFFER NEWLY ISSUED SHARES WHICH AUTHORIZES
BOARD OF
DIRECTORS TO INCREASE SHARE CAPITAL AT ANY TIME UNTIL JUNE 26,
2022, BY ISSUANCE OF A MAXIMUM OF 2,250,000 REGISTERED SHARES AT
MARKET PRICE
    * NEXT FIXED DIVIDEND PAYMENT OF CHF 0.50 PER SHARE WILL BE
PAID
OUT ON 12 NOVEMBER 2020

Source text for Eikon:  ID:nNDL33zlg2 
Further company coverage:  VARN.S 

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