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Lalique Group announces successful completion of capital increase
Zurich, 10 July 2019 - Lalique Group (SIX: LLQ) issued a total of 1,200,000 new registered shares at a price of CHF 40 per share as part of its capital increase. The gross proceeds amounted to CHF 48 million.
As part of the capital increase announced on 25 June 2019, existing shareholders were offered up to 1,200,000 new shares from the authorized capital approved at the Ordinary General Meeting on 24 May 2019. Existing shareholders were granted subscription rights entitling them to purchase one new Lalique Group share at a subscription price of CHF 40 for every five shares held. At the end of the subscription period and the subsequent free share placement all new shares were successfully placed.
Upon completion of the transaction, Silvio Denz's stake reduces to 58.3%, Dharampal Satyapal Limited (DS Group) will hold 12.3%, and Hansjörg Wyss, who also purchased additional shares as part of the capital increase, will now hold 6.3% of Lalique Group. The company's free float will amount to 23.2%.
The gross proceeds from the capital increase amount to CHF 48 million. These are to be used to in part refinance the shareholder loan granted by Silvio Denz in connection with the acquisition of the 50% stake in The Glenturret and to finance further Lalique Group investments and growth initiatives.
Subsequent to the issue of a total of 1,200,000 new shares with a par value of CHF 0.20 each, Lalique Group's issued share capital increased to CHF 1,440,000, divided into 7,200,000 shares.
Delivery of the new shares against payment as well as the listing and first trading day on the SIX Swiss Exchange are set for Friday, 12 July 2019.
Zürcher Kantonalbank was Lead Manager for the capital increase.
Lalique Group SA
Senior Communication & PR Manager
Phone: +41 43 499 45 58
Lalique Group is a niche player in the creation, development, marketing and global distribution of luxury goods. Its business areas comprise perfumes, cosmetics, crystal, jewellery, high-end furniture and living accessories, along with art, gastronomy and hospitality as well as single malt whisky. Founded in 2000, the company employs approx. 720 staff and has its headquarters in Zurich. The Lalique brand, from which the Group derives its name, was created in Paris in 1888 by the master glassmaker and jewellery designer René Lalique. The registered shares of Lalique Group SA (LLQ) are listed on the SIX Swiss Exchange.
You can find further information at www.lalique-group.com.
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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. Lalique Group SA has not registered, and does not intend to register, any of its shares in the United States, and does not intend to conduct a public offering of securities in the United States.
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