Julius Baer has said that the new registered shares will be offered to existing Julius Baer shareholders with a subscription ratio of 3 new shares for every 29 existing shares, and the subscription price for the new registered shares was fixed at CHF24.20 per share.
Further, subscription rights will be traded on the SIX Swiss Exchange from 10 October 2012 until 16 October 2012 and will be exercisable from 10 October 2012 until 17 October 2012, 12:00 noon CET. It is expected that the new registered shares will be listed and trading in the new shares will begin on 18 October 2012.
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The company expects to raise gross proceeds of CHF 492 million, while a total of 20,316,285 new registered shares will be issued in the context of the rights offering out of Julius Baer’s authorized share capital.
Post completion of the rights issue, Julius Baer will have an issued share capital of CHF4,334,140.82 divided into 216,707,041 registered shares.
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