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
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.”
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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