Andrea Giger (right) and Till Spillmann (left)

Mobimo Holding successful share placement following rights offering

Real Estate company Mobimo Holding has successfully increased its capital by way of a rights offering launched on 21 April 2022, in which Mobimo shareholders were allocated subscription rights in proportion to their shareholdings in the company. Shares not taken up by shareholders were subsequently sold to investors in a share placement.

Mobimo has issued 660,154 registered shares with a par value of CHF 3.40 each leading to gross proceeds in an amount of approximately CHF 162 million.

UBS and Zürcher Kantonalbank acted as Joint Global Coordinators and Bookrunners for the capital increase.

The proceeds raised from the capital increase will be used to support the execution of Mobimo’s growth strategy and the realisation of its development projects while maintaining a strong capital base. The newly issued registered shares are now listed and traded on SIX Swiss Exchange.

Niederer Kraft Frey advised UBS and Zürcher Kantonalbank in their capacity as joint bookrunners. The NKF team was co-led by partners Andrea Giger (pictured right) and Till Spillmann, working with partner Philip Spoerlé, associates Benedikt Hadorn and Corinne Russi and junior associate Alexander Züger (all capital markets) as well as partner Markus Kronauer and associate Derya Özdogan (both tax).

Suzan Abdien Hago Taha

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