Mobimo Holding AG
Mobimo Holding AG: Mobimo plans capital increase to continue its growth strategy
Mobimo Holding AG / Key word(s): Miscellaneous Ad hoc announcement pursuant to Art. 53 LR FOR RELEASE IN SWITZERLAND – THIS IS A RESTRICTED COMMUNICATION AND YOU MUST NOT FORWARD IT OR ITS CONTENTS TO ANY PERSON TO WHOM FORWARDING THIS COMMUNICATION IS PROHIBITED BY THE LEGENDS CONTAINED HEREIN.
Mobimo plans capital increase to continue its growth strategy Mobimo Holding AG (“Mobimo”) intends to conduct an authorised capital increase in the amount of up to 10% of its current share capital, fully preserving pre-emptive subscription rights of existing shareholders. The basis for this action is to be established at the 22nd Annual General Meeting on The capital increase is planned to support the execution of Mobimo’s growth strategy and the realisation of its development projects, while maintaining a strong capital base. “We have a development pipeline full of promising projects in attractive locations. We will be realising these projects over the coming years – to a large extent for our own investment portfolio,” explains CEO Daniel Ducrey. “We will invest around CHF 200 million in our projects for the investment portfolio until 2024.” The investment properties under construction have budgeted target rental income of The terms and conditions and the timetable for the capital increase are expected to be announced in the coming months, subject to stable market conditions.
Contact for analysts and investors: Contact for media: About Mobimo: With a broadly diversified real estate portfolio that has a total value of approximately CHF 3.6 billion, Mobimo Holding AG is one of the leading real estate companies in Switzerland. Its portfolio comprises residential and commercial properties, along with development properties both for the company’s own portfolio and for third parties. The properties are in first-class locations in German-speaking and French-speaking Switzerland. The buildings are characterised by balanced diversification and diligent management. Mobimo uses its development projects to strengthen its income base and boost the intrinsic value of its portfolio. The company also creates investment opportunities for third parties through its development services. Mobimo has around 170 employees.
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