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Implenia and Ina Invest announce the results of the rights offering of Ina Invest

In the context of the capital increase and the respective rights offering of Ina Invest Holding AG ("Ina Invest"), Implenia AG (“Implenia”) and Ina Invest today announce that rights have been exercised for 3,064,208 new shares of Ina Invest, corresponding to 59.24% of the maximum number of new shares offered in the rights offering of Ina Invest.

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2,107,952 shares not taken up by Implenia shareholders in the rights offering are being offered in the share placement by way of a public offering in Switzerland and private placements in certain jurisdictions outside Switzerland in compliance with applicable securities laws. The final number of new shares to be issued and sold in the rights offering and the share placement will be 5,172,160 and, following the capital increase in connection with the offering, Ina Invest will have issued 8,866,560 registered shares in total with a nominal value of CHF 0.03 each.

All members of the Implenia Executive Committee have exercised their rights in full. Both members of the Ina Invest Board of Directors nominated by Implenia have exercised all of their rights as well.

The final offer price in the offering and for the share placement will be determined following the end of the bookbuilding period. The end of the bookbuilding period is expected to be on 11 June 2020, 15:00 CEST and the offer price is expected to be announced on 12 June 2020, before start of trading on SIX Swiss Exchange.

Based on the take-up in the rights offering and the current status of the order book, the offer price could be set at the maximum of CHF 22.42, corresponding to the net asset value (NAV) per share of Ina Invest (based on a valuation by Wüest Partner as per 31 March 2020).

The listing and first day of trading of the shares, including the existing 3,694,400 shares of Ina Invest to be distributed as dividend in kind to the Implenia shareholders and of the new shares issued in connection with the offering, on SIX Swiss Exchange will be on 12 June 2020. Settlement and delivery of the new shares against payment of the offer price is expected to occur on or around 16 June 2020.

Source: Implenia Ltd.