ASMALLWORLD AG (SWX: ASWN) completed successful placement of 725'000 newly registered shares, generating gross proceeds of approx. CHF 8.3 million
Zurich, 30.05.2018 - ASMALLWORLD AG announces today that it has successfully placed 725'000 new shares with institutional investors as part of a private placement through accelerated book-building.
ASMALLWORLD AG successfully completed placement of 725'000 newly registered shares at a price of CHF 11.50 per share. The gross proceeds of the placement amount to approx. CHF 8.3 million. The net proceeds of the capital increase will be used to finance investment or acquisition projects. The placed shares are from the existing authorized capital of the company.
The newly registered shares are expected to be listed on June 1, 2018 and admitted to trading on the SIX Swiss Exchange. The delivery of the new shares against payment of the Placement Price is expected to take place on June 4, 2018. The new shares will rank pari passu with the existing shares, including full dividend entitlement for the financial year 2018.
Hauck & Aufhäuser Privatbankiers AG acted as sole bookrunner.
This press release and further information can be found at www.asmallworldag.com.
Jan Luescher, CEO
ASMALLWORLD - share the good life
ASMALLWORLD, the leading international lifestyle community, is a private social network that connects people with shared passion for the good life.
Each year, ASMALLWORLD organises more than 1000 events around the world, where members can expand their private and professional networks. The ASMALLWORLD website and mobile apps offer members the opportunity to engage in discussions, obtain travel advice from the Travel Guides or other members, or meet fellow members whilst travelling the world. Members also enjoy exclusive privileges from international partners such as status upgrades, discounts and additional services.
Besides the global ASMALLWORLD community, Zurich-based ASMALLWORLD AG operates ASW Travel AG, which provides bespoke travel arrangements for its customers, as well as The World's Finest Clubs AG, which offers its members access to the most exclusive nightlife venues around the world.
More at www.asw.com and www.asmallworldag.com
This announcement does not constitute an offer to sell or a solicitation of an offer to buy any securities. It is not a prospectus within the meaning of Article 652a CO nor Article 27 et seq. of the Listing Rules of the SIX Swiss Exchange or any other applicable law. Copies of this communication may not be sent or otherwise distributed in jurisdictions where this is restricted or prohibited by law. The information contained in this release does not constitute an offer to sell or solicitation of an offer to buy any securities in any jurisdiction in which this would be contravened prior to the registration (or granting of an exemption thereof) or any other act contrary to securities laws.
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This document contains certain forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results, financial condition, performance or performance of the Company to be materially different from those expressed or implied in such statements become. Against the background of these uncertainties, one should not rely on such forward-looking statements. ASMALLWORLD AG assumes no obligation to update such forward-looking statements or to adapt them to future events or developments.