Zurich (awp) – Real estate group Peach Property is planning a capital increase. At the general meeting on May 20, shareholders will be offered an ordinary capital increase deducted from capital reserves.
In its press release of Tuesday evening, Peach Property specifies that the operation will not involve cde change for the voting rights and the participations of the shareholders. No new shares will be created and the fresh funds will come from the increase in the nominal value of the share, which will increase from 1 to 3 Swiss francs.
The transaction will provide the necessary flexibility for future payouts to shareholders.
In addition, shareholders will also be offered a conditional capital increase and the creation of authorized capital, in order to promote the pursuit of the group’s acquisition strategy and to seize purchase opportunities.
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