Varia US Properties AG announced today that Bank Vontobel AG, acting on
behalf of the Company, has fully exercised the over-allotment option of its initial public
offering (“IPO”) of 464,562 new shares at the offer price of CHF 35 per share. In total,
3,561,636 new shares were sold in the IPO of Varia.
On December 8, 2016, the shares of Varia (ticker symbol: VARN) were listed and admitted to
trading on SIX Swiss Exchange. Bank Vontobel AG, acting on behalf of the Company, has
exercised on 6 January 2017, the full over-allotment option of 464,562 new shares at CHF 35
per share, representing 15% of the 3,097,074 shares issued by the Company in the IPO.
Including the shares placed in connection with the over-allotment option, a total of 3,561,636
shares have been sold in the IPO of Varia, which corresponds to a total placement volume of
CHF 124.7 million and results in a free float of approximately 40%.
Bank Vontobel AG acted as Sole Bookrunner in the context of the IPO.