As expected, the Extraordinary General Meeting of the MCH Group on September 28 approved the proposed ordinary capital increase of nominally up to CHF 18,586,688 by issuing up to 18,586,688 new registered shares while granting the subscription rights of the shareholders.
MCH Group Ltd. is launching its corresponding rights offering as of September 29, 2022, at an offer price per new registered share of CHF 4.75. In total, 86.9 % of the registered voting rights were represented at the Extraordinary General Meeting. The proposal of the Board of Directors to the Extraordinary General Meeting was clearly approved with 91.5 % of the votes cast.
„The necessary capital can be obtained to secure the growth of the company.“
"With the approval of the Extraordinary General Meeting, the necessary capital can be obtained to secure the growth of the company and the refinancing of the CHF 100 million bond due in May 2023", said the chairman of the board of directors Andrea Zappia. The subscription period will start on Thursday, September 29, 2022, and last until Monday, October 10, 2022. The subscription rights will be tradable on the SIX Swiss Exchange until October 6, 2022. The first trading day of the new registered shares is scheduled for October 13, 2022. Information about the subscription rights offering is available from the MCH Group.