VALORA HOLDING AG

VALN
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Valora successfully completes the placement of 440,000 shares

11/17/2020 | 01:05am

Valora successfully completes the placement of 440,000 shares

Valora Group ("Valora" or the "Company") successfully completed the private placement of 400,000 newly registered shares with a nominal value of CHF 1.00 per share sourced from existing authorised capital (the "New Shares") and 40,000 treasury shares (together with the New Shares, the "Placement Shares") by way of an accelerated bookbuilding. Following the placement ("Share Placement"), which met strong demand from domestic and international investors, the number of Valora shares issued will increase by 10% to 4,390,000.

The Placement Shares were placed at CHF 158 per share and the gross proceeds from the Share Placement amount to approximately CHF 70 million. The Placement Shares were exclusively offered to professional investors in Switzerland and qualified investors outside of Switzerland and the US (in reliance on Regulation S under the U.S. Securities Act).

The Company intends to use the gross proceeds from the Share Placement to increase the Company's financial flexibility in the persistently dynamic environment (incl. in view of the upcoming maturity of the EUR 72 million bonded loan in April 2021), to protect against planning uncertainty and to be able to implement strategic priorities to continue the strengthening of the company's market position.

The New Shares are expected to be listed and admitted to trading on SIX Swiss Exchange on 19 November 2020. Payment and settlement are expected to take place on or around 19 November 2020. The New Shares will rank pari passu with the existing shares.

Credit Suisse and UBS acted as Joint Bookrunners in connection with the Share Placement.

This media release is available online at www.valora.com/newsroom.

If you have any questions, please do not hesitate to contact:

Investor Relations

Media Relations

Annette Carrer-Martin

Christina Wahlstrand

Fon +41 61 467 21 23

Fon +41 61 467 24 53

annette.carrer@valora.com

media@valora.com




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