As part of the Placement, TX Group AG placed an order to acquire 3.4 million shares in SMG Swiss Marketplace Group which was allocated in full. In addition, SMG also participated in the Placement, repurchasing c. 1.0 million shares. The remaining shares in the Placement were sold to institutional investors.
As a result, la Mobilière’s stake in SMG decreases from 19.3% to 11.8%. The reduction is part of la Mobilière’s portfolio and risk diversification strategy. La Mobilière remains a significant shareholder of SMG and will continue to be represented on the Company’s Board of Directors. In connection with the Placement, la Mobilière has agreed to a 180-day lock-up, subject to customary exemptions.
Goldman Sachs, J.P. Morgan and UBS acted as joint global coordinators and joint bookrunners for the Placement. Evercore acted as independent financial advisor to la Mobilière. Bär & Karrer acted as legal adviser to la Mobilière.
