Swiss Finance & Property raises 62.7 million from capital increase

According to Swiss Finance & Property Investment, 99.8 percent of the registered shares offered in the capital increase were acquired through the exercise of subscription rights. The 1,072 shares offered, which were not subscribed, were fully placed in the free placement.

The first trading day of the newly created shares is expected to be July 7, 2017. After the capital increase, there will be approximately 2.8 million registered shares with a par value of CHF 12.60 in circulation.

The gross proceeds from the capital measure in the amount of 62.7, million would be largely generated by exercising of the right to purchase an area in Münchenstein and Arlesheim near Basel concluded on June 21, 2017. used, Swiss Finance & Property Investment informs.

The lead manager of the capital increase was Zürcher Kantonalbank, Swiss Finance & Property AG acted as selling agent.