HOCHDORF Holding Ltd. successfully placed 131'529 new shares.
The subscription/placement price was fixed at CHF 135 per share.
The board of directors of HOCHDORF Holding Ltd. fixed the subscription/placement price for the rights offering and the share placements at CHF 135 per new registered share.
50’651 new registered shares were subscribed by existing shareholders in the course of the rights issue while 80’878 new registered shares were purchased in the placements.
HOCHDORF Holding Ltd. expects net proceeds of ca. CHF 17.4m from the capital increase, which will be used for the purchase of 60% of Uckermärker Milch GmbH and 26% in each of Ostmilch Handels GmbH, Ostmilch Handels GmbH & Co. Frischdienst Oberlausitz KG and Ostmilch Handels GmbH & Co. Frischdienst Magdeburg KG as well as to increase the financial flexibility of the company.
Due to the capital increase to share capital registered in the commercial register will be increased to CHF 10’315’290, divided into 1’031’529 registered shares with a nominal value of CHF 10.00 each. The new shares are entitled to dividends as of fiscal year 2014. Listing and trading of the newly issued shares on SIX Swiss Exchange is expected to commence on 6 November 2014. Delivery of the new shares against payment of the subscription/placement price is expected to take place on 7 November 2014.
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