Varia US Properties - Company is considering launching an increase of its share capital before the end of the second quarter of 2022 subject to market conditions

Communication officelle/Offizielle Mitteilungen - Varia US Properties - Company is considering launching an increase of its share capital before the end of the second quarter of 2022 subject to market conditions (5998)
Circulaires internes


CAPITAL INCREASE

_____________________________________________________________

 Ad hoc announcement
pursuant to Art 53. LR

Zug, 2 May 2022

Varia US Properties AG is
considering launching an increase of its share capital before the end of the
second quarter of 2022 subject to market conditions

Varia US Properties AG (the Company)
intends to offer newly issued shares at or close to market price in a rights
offering. For that purpose, the Board of Directors plans to use a part of the
authorized capital mentioned in Article 2.3 of the Articles of Association of
the Company, which authorizes the Board of Directors to increase the share
capital at any time until April 29, 2023. The size of the capital increase is
currently not determined and will be resolved by the Board of Directors prior
to the launch of the transaction based on the company’s planned use of proceeds
and other factors.

Patrick Richard, Delegate of the Board of
Directors of Varia US said: “With the proceeds of this capital increase we
intend to continue repositioning the portfolio towards larger, newer and better
located assets, with a reinforced ESG performance.”

Financial calendar

Next dividend payment
date                          11 May 2022

Q1 2022
Update                                            19 May 2022

Half-year results
2022                                    29 August 2022

Source : Varia US Properties AG


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