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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.
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Media release
Zurich, 7 July 2016
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Full exercise of IPO Over-Allotment Option
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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, announced today that Credit Suisse AG, acting on behalf of the syndicate banks, has fully exercised the Over-Allotment Option of its initial public offering (“IPO”) of 280,000 existing shares at the offer price of CHF 53 per share. The free float amounts to 24.1%.
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On 30 June 2016 the shares of Investis (ticker symbol: IREN) were listed and admitted to trading on SIX Swiss Exchange. Credit Suisse AG, acting on behalf of the syndicate banks, has exercised today the full Over-Allotment Option of 280,000 existing shares held by Stéphane Bonvin (the “Selling Shareholder”) at CHF 53 per share, representing 10% of the 2,800,000 shares offered by the Company in the IPO. Including the shares placed in connection with the Over-Allotment Option, a total of 3,080,000 shares have been sold in the IPO of Investis, which corresponds to a total placement volume of CHF 163.2 million (of which the Company raised gross proceeds of CHF 148.4 million) and results in a free float of 24.1%. 75.9% of the capital and voting rights remain with Stéphane Bonvin.
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 AG acted as Sole Bookrunner in the context of the IPO. Bank am Bellevue AG, Bank Vontobel AG and Zürcher Kantonalbank acted as Co-Lead Managers.
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Media release (PDF)
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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 the 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.
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