IR-Center Handelsblatt

INVESTIS Holding SA

News Detail

Ad hoc news News vom 30.06.2016

Investis prices its IPO at CHF 53 per share and lists on SIX Swiss Exchange

This press release or the information contained therein is not being issued and may not be distributed in the United States of America, Canada, Australia or Japan and does not constitute an offer of securities for sale in such countries.

Media release

Zurich, 30 June 2016

Investis prices its IPO at CHF 53 per share and lists on SIX Swiss Exchange

Investis Holding SA (the “Company”, together with its subsidiaries “Investis”), a leading residential property company in the Lake Geneva region and a national real estate services provider, will today list its shares on SIX Swiss Exchange following its initial public offering (“IPO”).
It priced at CHF 53 per share corresponding to a placement volume of CHF 148.4 million (before exercise of the Over-Allotment Option, as defined below) and implying a market capitalization for Investis of CHF 678 million.
The Company will raise gross proceeds from the IPO of CHF 148.4 million.
Investis shares (ticker symbol: IREN) will be traded on SIX Swiss Exchange from today.

Stéphane Bonvin, founder and CEO of Investis: “We are delighted with the successful placement of our shares and the strong investor interest in our company. Swiss and international institutional as well as domestic private investors are convinced by our robust business model with the synergetic combination of our Properties and our Real Estate Services business lines. We welcome our new shareholders and look forward to building on the broader shareholder base for the further successful development of Investis.”

The bank syndicate placed 2,800,000 newly issued registered shares offered by the Company. The Company intends to use the net proceeds to fund general business purposes and further organic growth, to finance investments in its Properties business line as well as for selective add-on acquisitions in its Real Estate Services business line. Further, the current owner and sole shareholder Stéphane Bonvin (“Selling Shareholder”) has granted Credit Suisse as the Sole Bookrunner an option to purchase up to 280,000 additional existing registered shares at the offer price, exercisable within 30 calendar days after the first day of trading on SIX Swiss Exchange ("Over-Allotment Option"). The free float will amount to 21.9% of the shares, assuming the Over-Allotment Option is not exercised and to 24.1%, assuming the Over-Allotment Option is exercised in full.

After the listing and assuming the Over-Allotment Option is exercised in full, 75.9% of the capital and voting rights will remain with the Selling Shareholder. The Company has agreed to a lock-up period of 12 months after the first trading day, subject to certain limited exceptions. The Selling Shareholder has agreed to a lock-up for a period of 36 months (for any shares of a shareholding of 67% in the share capital of the Company) and 12 months (for any shares in excess of a shareholding of 67% in the share capital of the Company) after the first trading day, respectively, subject to certain limited exceptions.

Credit Suisse is acting as Sole Bookrunner in the context of the IPO. Bank am Bellevue AG, Bank Vontobel AG and Zürcher Kantonalbank are acting as Co-Lead Managers.

Key data

Listing	SIX Swiss Exchange (Standard for Real Estate Companies)
Ticker symbol	IREN
Swiss security number	32 509 429
ISIN	CH 032 509429 7
Nominal Value	CHF 0.10 per registered share
Offer price	CHF 53 per share
Offering	Base offer of 2,800,000 newly issued shares
	Over-Allotment Option of up to 280,000 existing registered shares
Tentative schedule
Listing and first day of trading	30 June 2016
Book-entry delivery of offered shares against payment of the offer price	4 July 2016
Last day for exercising the over-allotment option	29 July 2016

Contact information Investis

Media contact

Christine Hug, Head Corporate Communications

Phone: +41 58 201 72 41, E-mail: christine.hug@investisgroup.com

Juerg Staehelin, IRF Communications

Phone: +41 43 244 81 51, E-mail: investis@irfcom.ch

Investor Relations

Laurence Bienz, Head Investor Relations

Phone: +41 58 201 72 42, E-mail: laurence.bienz@investisgroup.com

Media release (PDF)

About Investis Group

Founded in 1994, Investis Group is a leading residential property company in the Lake Geneva region and a national real estate services provider active in the two synergetic segments Properties and Real Estate Services. The portfolio of Investis Properties consists almost exclusively of residential properties located in the Lake Geneva region and was valued at CHF 857 million at the end of 2015. Investis Real Estate Services is active throughout Switzerland across its network of 12 service locations with a strong multi-brand approach. Investis Group has approximately 1,100 employees. More information: www.investisgroup.com

Disclaimer

This publication constitutes neither a prospectus within the meaning of article 652a and/or 1156 of the Swiss Code of Obligations nor a listing prospectus within the meaning of the listing rules of SIX Swiss Exchange. This publication constitutes neither an offer to sell nor a solicitation to buy securities of Investis Holding SA. The securities have already been sold and listed.

This communication is being distributed only to, and is directed only at (i) persons outside the United Kingdom, (ii) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as "Relevant Persons"). Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Any person who is not a Relevant Person must not act or rely on this communication or any of its contents.

This communication does not constitute an "offer of securities to the public" within the meaning of Directive 2003/71/EC of the European Union (the "Prospectus Directive") of the securities referred to in it (the "Securities") in any member state of the European Economic Area (the "EEA"). Any offers of the Securities to persons in the EEA will be made pursuant to an exemption under the Prospectus Directive, as implemented in member states of the EEA, from the requirement to produce a prospectus for offers of the Securities.

The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to US persons (as such term is defined in Regulation S under the Securities Act) unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. The issuer of the securities has not registered, and does not intend to register, any portion of the offering in the United States, and does not intend to conduct a public offering of securities in the United States.

This communication is not for distribution in the United States, Canada, Australia or Japan. This communication does not constitute an offer to sell, or the solicitation of an offer to buy, securities in any jurisdiction in which is unlawful to do so.

Stabilisation

In connection with the offer or sale of the securities referred to herein, Credit Suisse AG may over-allot the securities or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. Any stabilisation action or over-allotment will be conducted by Credit Suisse AG in accordance with all applicable laws and rules. Save as required by law or regulation, Credit Suisse AG does not intend to disclose the extent of any stabilisation action. No representation is made as to whether Credit Suisse AG will engage in any stabilisation activity or that this activity, if commenced, will not be discontinued without notice.

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