Zur Rose Group AG announces full exercise of Greenshoe
In connection with the Initial Public Offering (“IPO”), Zur Rose Group AG (“Group”) had granted the syndicate banks an over-allotment option (“Greenshoe”) to subscribe to up to 234,908 primary shares being equivalent to 15 per cent of the Base Offering, which could be exercised in part or in full within 30 calendar days after the first day of trading on SIX Swiss Exchange. UBS, on behalf of the syndicate banks, today has exercised the Greenshoe in full at the offer price of CHF 140 per share.
Including the shares placed in connection with the Greenshoe, a total of 1,800,960 shares were placed in the IPO, representing 29.0 per cent of the Group's then issued share capital. The offer size of the IPO amounted to CHF 252 million. The final gross proceeds to the Group are CHF 233 million.
The 234,908 Greenshoe shares will be newly-issued in a capital increase to be registered on or around 14 July 2017. Following the exercise of the Greenshoe, the free float amounts to 77.8 per cent.
UBS and Berenberg acted as joint global coordinators and joint bookrunners for the IPO and Zürcher Kantonalbank as co-lead manager. Lilja & Co. acted as the independent adviser to the Group and Neue Helvetische Bank contributed as selling agent.
Lisa Lüthi, Head of Corporate Communications
Email: email@example.com, telephone: +41 52 724 08 14
Zur Rose Group
Operating under the “Zur Rose” and “DocMorris” brands, the Swiss-based Zur Rose Group is Europe’s leading pure play online pharmacy and one of Switzerland’s foremost wholesale suppliers to medical practitioners. Through its business model, it helps to ensure safe, reliable and high-quality pharmaceutical care, while also excelling in developing innovative medicines management services to increase the effectiveness of the medication process. This creation of added value, the strong focus on patients and the commitment to supply medication at low cost for the benefit of payors and patients make the Group an important strategic partner for all healthcare stakeholders.
Zur Rose Group is headquartered in Frauenfeld, from where it also serves the Swiss market. In Germany and Austria, the Group operates through subsidiaries in Heerlen (Netherlands) and Halle an der Saale (Germany). Furthermore, it holds a majority interest in BlueCare in Winterthur, the leading provider of networking systems in the Swiss healthcare market. Employing more than 800 people at its various locations, Zur Rose Group generated revenue of CHF 880 million in 2016.
Zur Rose Group AG’s shares (ticker symbol ROSE, Swiss security no. 4261528, ISIN CH0042615283) are traded on SIX Swiss Exchange in accordance with the International Reporting Standard of SIX Swiss Exchange. The corporate bond issued in November 2012 for the purpose of financing the DocMorris acquisition is listed on the SIX Swiss Exchange (Swiss security no. 19972936, ISIN CH0199729366, ticker symbol ZRO12). zurrosegroup.com
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