Ad-hoc | 12 November 2010 06:00
Placement price of CHF 32.00 per share
Zurich, 12 November 2010 – The placement of shares of Peach Property Group Ltd (Peach Property Group or Peach) has been successfully completed. Peach is one of the leading developers of luxury residential property in Europe’s German‐speaking countries. The placement price per registered share was set at CHF 32.00, within the mid‐range of the price band. Bank am Bellevue acted as lead manager. Today is the first day of trading in Peach shares on the SIX Swiss Exchange.
On 27 October 2010, Peach Property Group had announced details of its stock market flotation. The initial public offering comprises 2,014,000 registered Peach shares, 1,725,000 of which are newly issued and 289,000 from the portfolio of Helvetic Private Investments AG. In addition, a non‐executive shareholder has granted Bank am Bellevue a greenshoe option of up to 250,000 additional registered shares. This greenshoe option can be exercised within 30 days. Peach’s total share capital now consists of 4,842,900 registered shares of par value CHF 1 each.
Total transaction volume amounts to CHF 64 million, or CHF 72 million in case of full exercise of the greenshoe option. The free float amounts to around 47%, or around 53% in case of full exercise of the greenshoe option. Based on the issue price, Peach’s market capitalisation amounts to around CHF 155 million.
Dr. Thomas Wolfensberger, CEO of Peach Property Group, comments: “Today’s initial public offering marks another milestone in our company’s successful development. The new funds enable us to proceed with selected projects from our pipeline, in addition to those already in progress. We are delighted about this important step and grateful to our shareholders for the trust they have placed in us. Our special thanks go to Bank am Bellevue for its outstanding professional work”.
From today, Peach shares are listed in accordance with the Main Standard of the SIX Swiss Exchange. The ticker symbol is PEAN. Payment and delivery of the shares is scheduled for 17 November 2010.
Bank am Bellevue AG is acting as global coordinator, sole bookrunner and sole lead manager of the IPO.
Stock market information
Listing: SIX Swiss Exchange, Main Standard
Ticker symbol: PEAN
ISIN: CH0118530366
Securities number: 11853036
Common code: 055255814
For further information please contact:
Dr. Thomas Wolfensberger
Chief Executive Officer
Tel.: +41 44 485 50 31
Siro Barino
Media Relations
Tel.: +41 44 390 42 42
Mobile: +41 79 335 24 24