Burkhalter Holding AG

M&A Activity • Jun 29, 2023

News Details

Ad-hoc | 29 June 2023 17:40

Riggenbach AG, Lüftungs- und Klimatechnik, is now part of the Burkhalter Group

Burkhalter Holding AG / Key word(s): Takeover

29-Jun-2023 / 17:40 CET/CEST

Release of an ad hoc announcement pursuant to Art. 53 LR

The issuer is solely responsible for the content of this announcement.

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Today, the Burkhalter Group signed the purchase agreement with Riggenbach AG, Lüftungs- und Klimatechnik, in Olten (canton of Solothurn) and its branches in Brugg (canton of Aargau) and Solothurn (canton of Solothurn). The company generates annual sales of around CHF 40 million and employs around 160 people. The purchase price is to be settled in cash and by way of the buyer’s registered shares from the recently created capital band. The transaction will be completed in July 2023.

The Burkhalter Group is acquiring Riggenbach AG, Lüftungs- und Klimatechnik, based in Olten (canton of Solothurn), and its branches in Brugg (canton of Aargau) and Solothurn (canton of Solothurn). Founded in 1961, the company plans, builds and maintains ventilation, air-conditioning, refrigeration and energy systems, generates around CHF 40 million in annual sales and employs around 160 people. All employees will be kept on and the company name will remain the same. The purchase agreement signed today will be implemented in July 2023.

The purchase price is to be settled in cash and by way of the buyer’s new registered shares. To this end, 148,774 registered shares are to be generated, while disregarding the subscription right of the shareholders. Consequently, Burkhalter Holding Ltd’s Board of Directors will remain in a position to increase the company’s share capital at any time before 15 May 2028 as per the conditions set out in Art. 5A of the Articles of Association by issuing a maximum of 893,792 fully paid-in registered shares (1,042,567 minus the 148,774 newly-created shares). The first trading date for the newly-created registered shares is scheduled for the end of August/beginning of September 2023.

The sellers of Riggenbach AG, Lüftungs- und Klimatechnik, have agreed not to sell two thirds of the Burkhalter registered shares received from the sale for a period of two years (lock-up agreement). As a result, the registered shares are subject to a prohibition on disposal (blocking period).

Gaining additional market share through the targeted acquisition of other building technology companies remains part of the Burkhalter Group’s strategy.

Download media release as PDF here

Contact:

Burkhalter Holding Ltd

Elisabeth Dorigatti, Head of Corporate Communication, Sustainability and Investor Relations

+41 44 439 36 33

e.dorigatti@burkhalter.ch www.burkhalter.ch/en

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End of Inside Information

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Language:	English
Company:	Burkhalter Holding AG
	Hohlstrasse 475
	8048 Zürich
	Switzerland
Internet:	www.burkhalter.ch
ISIN:	CH0212255803
Valor:	21225580
Listed:	SIX Swiss Exchange
EQS News ID:	1669375

End of Announcement	EQS News Service