Züblin Immobilien Holding AG: Shareholders approve Reverse Stock Split at Extraordinary Shareholders’ Meeting Dienstag, 01. März 2016 - 07:26

At the Extraordinary Shareholders‘ Meeting held on 29 February 2016 the shareholders of Züblin Immobilien Holding AG („Züblin“) approved a reverse stock split resulting in its 1’493’112’150 registered shares with a nominal value of CHF 0.05 being exchanged into new shares at a ratio of 450 to1, and to amend Article 3 of its Articles of Association respectively. Züblin's major Shareholder Lamesa Holding S.A. will provide for the benefit of other shareholders, for no consideration, a block of shares required to ensure that every shareholder will receive at least one new share and a whole number of shares, and that no shareholder will have the ownership position reduced in connection with the reverse stock split.

After the reverse stock split Züblin’s ordinary share capital remains unchanged at CHF 74‘655‘607.50 divided into 3‘318‘027 fully paid up registered shares with a nominal value of CHF 22.50 each. Accordingly, the NAV per new share would be CHF 26.83 based on the disclosed semi-annual numbers of 30 September 2015 and the net proceeds of the capital increase of CHF 70 million.

In addition, the shareholders of Züblin resolved to amend the nominal value of the shares that can be issued out of conditional and authorized share capital from CHF 0.05 to CHF 22.50 as well and to change the amount of the conditional and the authorized share capital to ensure that a whole number of shares may be issued.

Expected timetable for the reverse split