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Kardex AG CHF 30 million capital increase completed

31 August 2011

Kardex AG announced on 2 September 2011 an increase of its share capital through the issuance of a maximum of 2,411,763 new registered shares. UBS AG and Zürcher Kantonalbank acted as Lead Manager and Co-Lead Manager, respectively, Neue Helvetische Bank AG as Selling Agent.

In the bookbuilding, the effective number of new shares has been fixed at 2,102,547 and the offer price at CHF 14.50 per new share, resulting in gross proceeds of CHF 30‘486‘931.50. The new funds which the Kardex Group raised will enable it to strengthen its equity base and to refinance with shareholders' equity part of the convertible bond issue which matured at the end of June 2011.

A team of Schellenberg Wittmer, lead by partner Martin Lanz, head of the Banking and Finance Team in our Zurich office, together with Harun Can (Tax) and Nicole Egli (Banking and Finance), advised Kardex AG and UBS AG and Zürcher Kantonalbank in this transaction.

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