Capital increase of HSO Fund significantly oversubscribed
EQS Group-News: Helvetica Property
/ Key word(s): Funds/Real Estate
Zurich, November 04, 2021 - The fund company has successfully completed the capital increase of the Helvetica Swiss Opportunity Fund. The fund will receive proceeds in the amount of CHF 30 million. The capital increase for the HSO Fund, which was carried out in the period from October 11 to 29, 2021, was significantly oversubscribed and successfully completed with issue proceeds of CHF 30.1 million. A total of 250,000 new shares are issued at an issue price of CHF 120.26 net per share. After the capital increase, the number of outstanding shares amounts to 1'250'000. The payment will take place on November 05, 2021. The capital increase was carried out on a commission basis (best effort basis) as part of a rights offering in Switzerland with a subscription ratio of 4:1. No official rights trading took place during the subscription period. "The oversubscribed capital increase and the successfully executed transactions consolidate our market position and confirm the growth path we have embarked upon," commented Salman Baday, Head Sales & Marketing. The HSO Fund is currently traded over-the-counter by Bank J. Safra Sarasin Ltd. A listing of the fund on the SIX Swiss Exchange is planned until the end of 2023. Media contacts
All relevant documents concerning the capital increase can be found under the website of the fund management company About Helvetica About Helvetica Swiss Opportunity Fund Ticker Symbol HSO; security 43 472 505; ISIN CH0434725054 Disclaimer
End of Media Release |
Language: | English |
Company: | Helvetica Property |
Brandschenkestrasse 47 | |
8002 Zürich | |
Switzerland | |
Phone: | +41 43 544 7080 |
E-mail: | office@helvetica.com |
Internet: | www.Helvetica.com |
ISIN: | CH0434725054 |
Valor: | 43472505 |
Listed: | SIX Swiss Exchange |
EQS News ID: | 1246095 |
End of News | EQS Group News Service |
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1246095 04.11.2021