Share Issue/Capital Change • Jul 6, 2023
Share Issue/Capital Change
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Ad hoc announcement pursuant to Art. 53 LR
Burkhalter Holding AG / Key word(s): Takeover
Burkhalter Group completes purchase of Riggenbach AG, Lüftungs- und Klimatechnik
06-Jul-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.
The Burkhalter Group has completed its purchase of Riggenbach AG, Lüftungs- und Klimatechnik, in Olten (canton of Solothurn) and its branches in Brugg (canton of Aargau) and Solothurn (canton of Solothurn). The purchase agreement was signed on 29 June 2023 with effect from today.
Upon signing the purchase agreement on 29 June 2023, the Burkhalter Group announced its acquisition of Riggenbach AG, Lüftungs- und Klimatechnik, in Olten (canton of Solothurn) and its branches in Brugg (canton of Aargau) and Solothurn (canton of Solothurn). Today marks the completion of the transaction. Around 160 employees work at the company's three locations, generating around CHF 40 million in annual sales. All employees will be kept on and the locations will be retained.
As part of its acquisition of all shares in Riggenbach AG, Lüftungs- und Klimatechnik, the Burkhalter Group pledged to pay a portion of the purchase price in listed Burkhalter Holding Ltd registered shares. To this end, 148,774 registered shares are to be generated from the capital band, 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 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).
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
[email protected] www.burkhalter.ch/en
End of Inside Information
| 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: | 1674565 |
| End of Announcement | EQS News Service |
1674565 06-Jul-2023 CET/CEST
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