Swiss Prime Site Launches An Accelerated Bookbuild Offering Of Up To Circa CHF 300 Mln
SWISS PRIME SITE AG 
SPSN:
SWISS PRIME SITE LAUNCHES AN ACCELERATED BOOKBUILD OFFERING OF UP TO CIRCA CHF 300 MILLION TO FUND PROFITABLE GROWTH OPPORTUNITIES
CAPITAL INCREASE WILL ALLOW SWISS PRIME SITE TO PURSUE PROFITABLE GROWTH OPPORTUNITIES
NEW SHARES WILL BE SOURCED FROM EXISTING CAPITAL BAND AND CORRESPOND TO UP TO CIRCA 4% OF CURRENTLY ISSUED SHARES
ACQUISITION PIPELINE OF YIELDING PROPERTIES UNDERWAY WITH EXPECTED RENTAL INCOME OF MORE THAN CHF 17 MILLION PER ANNUM
NET PROCEEDS FROM OFFERING ARE EXPECTED TO BE DEPLOYED WITHIN NEXT 9-12 MONTHS
TRANSACTION IS EXPECTED TO BE ACCRETIVE TO FUNDS FROM OPERATIONS I (FFO I) PER SHARE UPON FULL DEPLOYMENT AND TO NAV IMMEDIATELY
OFFERING WILL COMMENCE IMMEDIATELY FOLLOWING RELEASE OF THIS ANNOUNCEMENT
PLACEMENT PRICE OF NEW SHARES AS WELL AS NUMBER OF NEW SHARES TO BE ISSUED WILL BE ANNOUNCED UPON COMPLETION OF BOOKBUILDING PROCESS
COMPLETION OF BOOKBUILDING PROCESS EXPECTED PRIOR TO MARKET OPENING ON FEB 25 2025
NEW SHARES TO BE LISTED ON SIX SWISS EXCHANGE ON 26 FEBRUARY 2025
BOARD OF DIRECTORS HAS PROPOSED AN INCREASED DIVIDEND OF CHF 3.45 PER SHARE
