Further information on the rights issue
Capital increase of the Zur Rose Group
Further information on the rights issue
On 29 November 2018, the Zur Rose Group announced the successful completion of its capital increase with gross proceeds of CHF 200 million. Prior to this, on 19 November 2018, the Group had announced in a press release on the terms of the planned capital increase by way of a rights offering that KWE Beteiligungen AG, the largest shareholder holding 14.5 percent of the voting rights, had declared towards the Company that it would exercise all of its subscription rights.
However, the order to exercise its subscription rights, which was duly submitted by KWE Beteiligungen AG to its principal bank which confirmed receipt of the order in writing, was mistakenly not transmitted by KWE Beteiligungen AG’s principal bank to the capital increase banks. Therefore, KWE Beteiligungen AG’s subscription rights were not validly exercised in the rights issue, and no shares were allocated to KWE Beteiligungen AG.
As a result, the 385,714 shares that would have been subscribed by KWE Beteiligungen AG were not included in the total of 889,239 shares subscribed by existing shareholders in the rights issue that was communicated in the press release of 28 November 2018. Accordingly, such shares could not be considered to have been taken-up during the rights exercise period when determining the number of shares available in the International Offering.
KWE Beteiligungen AG has informed the Zur Rose Group that it is promptly seeking a solution with its principal bank. The incident will not have an effect on the settlement and delivery of the shares issued in the offering, scheduled for 4 December 2018, nor will it affect the capital structure of the Zur Rose Group.
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Zur Rose Group
The Swiss Zur Rose Group is Europe's largest online pharmacy and one of the leading medical wholesalers in Switzerland. With its business model, it offers high-quality, safe and cost-effective pharmaceutical care and thus contributes to reducing healthcare costs. It is also characterized by the continuous further development of digital services in the field of drug management in order to increase therapy safety. The creation of added value and a pronounced patient orientation make the Group an important strategic partner for service providers, cost units and industry.
The Zur Rose Group is internationally present with strong brands, including Germany's best-known pharmacy brand DocMorris. The company employs over 1,000 people at various locations and generated a turnover of CHF 983 million in the 2017 financial year. The shares of Zur Rose Group AG are listed on the SIX Swiss Exchange (securities number 4261528, ISIN CH0042615283, ticker ROSE). The CHF 115 million corporate bond issued in July 2018 is also listed on the SIX Swiss Exchange (securities number 42146044, ISIN CH0421460442, ticker ZRO18). Further information at zurrosegroup.com
This document and the information contained herein are not for distribution in or into (directly or indirectly) the United States, Canada, Australia or Japan or any other jurisdiction in which the distribution or release would be unlawful. This document does not constitute an offer of securities for sale in or into the United States, Canada, Australia or Japan.
This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States. The securities of Zur Rose Group AG to which these materials relate have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will not be a public offering of securities in the United States. Any sale in the United States of the securities mentioned in this communication will be made solely to “qualified institutional buyers” as defined in, and in reliance on, Rule 144A under the Securities Act.
This document is not an issuance or listing prospectus or a similar document in the sense of article 652a, article 752 and/or article1156 of the Swiss Code of Obligations or articles 27 et seq. of the Listing Rules of the SIX Swiss Exchange and was not reviewed by any competent authority. Any offer of securities of Zur Rose Group AG will be made solely by means of, and on the basis of, an offering memorandum that will contain detailed information about the group and its management as well as risk factors and financial statements. Any person considering the purchase of any securities of Zur Rose Group AG must inform itself independently based solely on such offering memorandum (including any supplement thereto).
This document does not constitute an "offer of securities to the public" within the meaning of Directive 2003/71/EC of the European Union, as amended (the "Prospectus Directive") of the securities referred to herein in any member state of the European Economic Area (the "EEA"). Any offers of the securities referred to in this document to persons in the EEA will be made pursuant to an exemption under the Prospectus Directive, as implemented in member states of the EEA, from the requirement to produce a prospectus for offers of the Securities. In any EEA Member State that has implemented the Prospectus Directive, this document is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State.
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