Media Release | Capital Increase
(Thomson Reuters ONE) -
MCH Group AG /
Media Release | Capital Increase
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MCH Group Ltd. announces Capital Increase
The Board of Directors of MCH Group Ltd. in Basel has decided to increase the
company's equity by CHF 40 million through the issue of new shares. This
resolution is based on the authorisation given by the General Meeting of 17 May
2010 to increase the share capital accordingly.
MCH Group AG expects to implement the capital increase after the General Meeting
of 13 May 2011. The new registered shares will be offered to the shareholders of
MCH Group Ltd. thereby honouring their subscription rights. More detailed
information on the capital increase will be provided in due course. The Zürcher
Kantonalbank is the lead manager for this capital increase.
The capital increase has been triggered by the new exhibition hall project in
Basel for MCH Swiss Exhibition (Basel) Ltd. As the project was being drawn up in
2005/2006, the public-sector entities which hold a total of 49% of the shares -
the Cantons of Basel-Stadt, Basel-Landschaft and Zurich and also the City of
Zurich - offered the prospect of providing support for the financing of the
project with investments from the public purse. On the basis of the financing
concept worked out with these entities, MCH Group Ltd. is providing part of the
investment through a CHF 40 million increase in the equity of MCH Group Ltd. The
public-sector entities have agreed to participate in the capital increase in
proportion to their shareholding.
THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR OR
PURCHASE ANY SECURITIES. IT IS NOT BEING ISSUED IN COUNTRIES WHERE THE PUBLIC
DISSEMINATION OF THE INFORMATION CONTAINED HEREIN MAY BE RESTRICTED OR
PROHIBITED BY LAW. IN PARTICULAR, THIS PRESS RELEASE IS NOT BEING ISSUED IN THE
UNITED STATES OF AMERICA, UNITED KINGDOM AND OTHER MEMBER STATES OF THE EUROPEAN
ECONOMIC AREA. THIS DOCUMENT SHOULD IN PARTICULAR NOT BE DISTRIBUTED TO THE US-
ADDRESSES OF UNITED STATES PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN
THE UNITED STATES. EVERY CONTRAVENTION OF THESE RESTRICTIONS MAY CONSTITUTE A
BREACH OF THE RESPECTIVE SECURITIES LAWS OF THE COUNTRIES MENTIONED ABOVE. IN
PARTICULAR, THE SECURITIES OF MCH GROUP AG HAVE NOT BEEN REGISTERED UNDER THE
UNITED STATES SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN
THE UNITED STATES OR TO U.S. PERSONS. SECURITIES OF MCH GROUP AG ARE NOT BEING
OFFERED TO THE PUBLIC OUTSIDE OF SWITZERLAND.
Contact
MCH Group Ltd.
Corporate Communications
Christian Jecker
+41 58 206 22 52
christian.jecker(at)mch-group.com
Internet:
www.mch-group.com
News / Media Releases / MCH Group Ltd.:
www.mch-group.com/go/id/pqa/lang/eng/
--- End of Message ---
MCH Group AG
Basel
ISIN: CH0039542854;
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: MCH Group AG via Thomson Reuters ONE
[HUG#1498766]
Unternehmensinformation / Kurzprofil:
Datum: 22.03.2011 - 07:16 Uhr
Sprache: Deutsch
News-ID 52632
Anzahl Zeichen: 3840
contact information:
Town:
Basel
Kategorie:
Business News
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"Media Release | Capital Increase"
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