HSL Fund capital increase of maximum CHF 38 million
The fund management company will carry out a capital increase of up to CHF 38 million for the HSL Fund from 10 May to 26 May 2021, 12.00 noon CEST. Each existing share will be allotted one (1) subscription right. (4) subscription rights entitle to the subscription of one (1) new share against payment of the issue price in Swiss Francs. In total a maximum of 342,789 new shares will be issued. This will increase the total number of outstanding shares from 1,371,155 to a maximum of 1,713,944 shares. The net issue price will be CHF 109.68 for each new share. The issue price was calculated according to the fund contract (§ 17 para. 3). The exact number of newly issued shares will be determined after the end of the subscription period, based on the number of subscriptions received. There will be no trading of subscription rights. Subscription rights that have not been exercised during the subscription period will expire with no value after 26 May 2021, 12:00 noon CEST. Payment for the subscribed new shares will be due on 31 May 2021.
The aim of the capital increase is to continue the growth strategy and to raise additional equity for the already secured purchase of over 300 attractive apartments, mostly in the Zurich area and in the Lake Geneva region, valued at approximately CHF 130 million. This will further improve the diversification and distribution capacity of the fund and brings the fund's total to over 800 apartments in attractive locations. The purchase is planned immediately after the payment of the capital increase.
The fund management company certifies the sustainability of its portfolio properties by an independent body. The DGNB (German Sustainable Building Council) certification "Buildings in Operation" is gradually being rolled out for existing properties, thereby increasing reporting transparency and the sustainable development of the real estate portfolios.
Aim to list fund on SIX Swiss Exchange
The listing of the fund on the SIX Swiss Exchange is planned until the end of 2022. The fund is currently traded over-the-counter by Bank J. Safra Sarasin Ltd.
This press release does not constitute a prospectus according to article 35 ff. of the Financial Services Act.
Media contact
Michael Müller
Chief Executive Officer (Switzerland)
T +41 43 544 70 80
mm@Helvetica.com
Salman Baday
Head Sales (Switzerland)
T +41 43 544 70 95
sb@Helvetica.com
DETAILS OF THE CAPITAL INCREASE | ||
Issue volume | Maximum CHF 38 million | |
Subscription ratio | 4:1 | |
Number of existing shares | 1,371,155 | |
Number of new shares | Maximum 342,789 | |
Issue price per share | CHF 109.68 net (including issuing commission) | |
Subscription rights trading | No subscription rights trading | |
Subscription period | 10 May 2021 - 26 May 2021, 12.00 noon CEST | |
Allocation | 28 May 2021 | |
Payment date | 31 May 2021 | |
Shares valor number / ISIN / Symbol | 49 527 566 / CH0495275668 / HSL | |
Subscription rights valor number / ISIN | 111198548 / CH1111985482 | |
Use of proceeds | Investments in residential real estate in line with investment strategy | |
Fund management company | Helvetica Property Investors AG, Zurich | |
Custodian bank | Bank J. Safra Sarasin AG, Basel | |
Real estate valuation experts | Wüest Partner AG, Zurich | |
Auditors | PricewaterhouseCoopers AG, Zurich | |
All relevant documents concerning the capital increase can be found under www.swissfunddata.ch or www.Helvetica.com.
About Helvetica
Helvetica Property Investors AG is a leading real estate fund management company and asset management firm. We deliver sustainable value to our clients through active, long-term ownership of safe and stable real estate investments. With a fully integrated real estate investment platform, we are able to provide both standardized investment products and customized investment plans. We are proud of our longstanding reputation for outstanding client service and dedication to responsible ownership. Our firm is approved and regulated by the Swiss Financial Market Supervisory Authority FINMA.
About Helvetica Swiss Living Fund
The HSL Fund is a Swiss real estate fund open exclusively to qualified investors. The HSL Fund invests in residential real estate throughout Switzerland, primarily where regional and national economic centers are easily accessible. The investment focus of the fund is on older and newer properties with stable and sustainable revenues. The investment objective is primarily to preserve the fund's long-term value and to distribute reasonable profits. The fund share units can be traded over-the-counter. The HSL Fund is approved by the Swiss Financial Market Supervisory Authority, FINMA.
Ticker Symbol HSL; Valor 49 527 566; ISIN CH0495275668
Disclaimer
This press release does neither constitute a prospectus in the sense of Art. 35 ff. of the Financial Services Act nor a prospectus, a simplified prospectus or a key information document for investors (KIID) in the sense of the Swiss Act on Collective Investment Schemes or a basic information leaflet. The units of the HSL Fund may not be publicly offered or advertised in Switzerland. The documents that are solely relevant for an investment decision, the prospectus and the simplified prospectus, can be obtained free of charge from the fund management company.