MCH Group | Ad hoc announcement pursuant to Art. 53 LR | Capital increase - Takeover Board
28 Juli 2022 - 7:00AM
MCH Group | Ad hoc announcement pursuant to Art. 53 LR | Capital
increase - Takeover Board
Planned capital increase of MCH Group Ltd.
Swiss Takeover Board approves requests
MCH Group Ltd. (SIX: MCHN) announced today that the Swiss
Takeover Board has approved the requests of MCH Group Ltd. and its
two anchor shareholders in connection with the planned capital
increase, in particular regarding an exemption pursuant to Article
136(1)(e) FinMIA from the obligation to make an offer
(restructuring exemption).
With the planned capital increase, MCH Group Ltd. intends to
secure the necessary investments for the company's growth and the
refinancing of the CHF 100 million bond due in May 2023. Following
the approval of the Parliament of the Canton of Basel for the
participation of the Canton of Basel-Stadt and the granting of an
exemption from the obligation to make a takeover offer by the
Takeover Board, MCH Group Ltd. can prepare the planned capital
increase as intended and submit it to an Extraordinary General
Meeting in the autumn. The Canton of Basel-Stadt and Lupa Systems
intend to participate equally in the planned capital increase with
up to CHF 34 million each. The capital increase is to be carried
out with subscription rights for all shareholders.
MCH Group Ltd. is obliged to publish the decision of the Swiss
Takeover Board.
Decision 825/01 of the Swiss Takeover Board dated July
27, 2022(convenience translation of the German
authoritative original)
"The Takeover Board decides:
1. It is confirmed based on the files currently available to the
Takeover Board that (i) due to the agreement and/or the execution
of the described transaction, neither Lupa Investment Holdings, LP
nor Lupa Systems LLC nor the Canton Basel-Stadt nor MCH Group Ltd.
are acting in concert with regard to the control of MCH Group Ltd.
within the meaning of Article 33 FMIO-FINMA and (ii) neither the
agreement nor the execution of the described transaction triggers
for Lupa Investment Holdings, LP, Lupa Systems LLC, the Canton
Basel-Stadt or MCH Group Ltd., together or each individually, the
obligation to make an offer within the meaning of Article 135 para
1 sentence 1 FMIA with respect to the listed equity securities of
MCH Group Ltd.
2. Based on the files currently available to the Takeover Board,
the Canton Basel-Stadt is hereby granted in connection with the
described transaction an exemption pursuant to Article 136 para 1
lit. e FMIA from the obligation to make a public takeover offer
according to Article 135 para 1 sentence 1 FMIA with respect to the
listed equity securities of MCH Group Ltd. without conditions.
3. MCH Group Ltd. shall publish the provisions of the present
decision as well as the reference to the right of objection of
qualified shareholders, in application of Article 61 para. 3 and 4
Takeover Ordinance.
4. The present decision will be published on the website of the
Takeover Board following its publication in accordance with clause
3 above.
5. The fees payable by MCH Group Ltd., the Canton Basel-Stadt
and Lupa Investment Holdings, LP with joint and several liability
amounts to CHF 40,000."
MCH Group's Board of Directors has decided not to publish a
separate report within the meaning of Article 61 para 3 lit. a of
the Takeover Ordinance.
A shareholder who has been holding at least 3% of the voting
rights of MCH Group, whether exercisable or not (a "qualified
participation", Article 56 Takeover Ordinance), since the date of
publication of the decision, may file an objection against the
decision of the TOB. The objection must be filed with the Takeover
Board within five trading days from the date of publication of the
decision. The objection must contain a motion, summary reasons and
proof of the qualified participation according to Article 56 para.
3 and para 4 Takeover Ordinance as from the date of the publication
of the decision (Article 58 para. 3 Takeover Ordinance).
Contact:MCH Group Ltd.Secretary of the Board of
DirectorsChristian Jecker+41 58 206 22
52christian.jecker@mch-group.comwww.mch-group.com
Disclaimer / Forward-looking statementsThis
document does not constitute an offer to subscribe for, buy or sell
any of the securities mentioned herein or any other securities in
any jurisdiction. The securities mentioned herein have not been and
will not be registered under the U.S. Securities Act of 1933, as
amended (the Securities Act), and may not be offered or sold in the
United States absent registration or exemption from registration
under the Securities Act. This communication does not constitute an
offer or invitation to subscribe for or purchase any securities of
MCH Group Ltd. This publication may contain certain forward-looking
statements concerning the Company and its business. Such statements
involve certain risks, uncertainties and other factors which could
cause the actual results, financial condition, performance or
achievements of the Company to be materially different from those
expressed or implied by such statements. Readers should therefore
not place undue reliance on these statements, particularly not in
connection with any contract or investment decision. The Company
disclaims any obligation to update these forward-looking
statements.
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