SCHMOLZ+BICKENBACH AG Successfully Completes Rights Offering Generating Gross Proceeds of Approximately CHF 438 Million

SCHMOLZ+BICKENBACH AG successfully completed its rights offering which was resolved at the extraordinary shareholders' meeting held on 26 September 2013. In the rights offering, existing shareholders were offered 826,875,000 new shares with a par value of CHF 0.50 each at a subscription price of CHF 0.53 per new registered share. The rights offering resulted in gross proceeds of approximately CHF 438 million.

Bär & Karrer acted as legal adviser to the underwriters in this transactions. The team advising the joint bookrunners was led by Till Spillmann and included Adrian Koller, Andrea Giger, Ivo von Büren, Michael Eitle and Michael Barrot (tax). The team advising Renova was led by Ralph Malacrida and included Dieter Dubs, Fabienne Frehner, Flavia Westermaier and Benjamin Schärer.