18.06.2018 – 07:08

Mobimo Holding AG

EQS-Adhoc: Mobimo and Immobiliengesellschaft Fadmatt AG agree on a friendly takeover

EQS Group-Ad-hoc: Mobimo Holding AG / Key word(s): Offer
Mobimo and Immobiliengesellschaft Fadmatt AG agree on a friendly takeover

18-Jun-2018 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

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Mobimo and Immobiliengesellschaft Fadmatt AG agree on a friendly takeover
 

-Mobimo Holding AG has reached an agreement with the Board of Directors of the
Zurich-based Immobiliengesellschaft Fadmatt AG about an amicable takeover.

- Mobimo submitted an offer of CHF 28,000 per share to the Fadmatt shareholders.

- At least half of the acquisition price of CHF 183 million will be paid in the
form of newly created registered shares from the authorised capital of Mobimo.

- The offer will be concluded if at least 67% of the Fadmatt shares are
tendered. The offer has already been accepted by slightly more than 50% of the
Fadmatt shares.

- The real estate portfolio of Fadmatt AG is valued at approx. CHF 289 million
and generates rental income of over CHF 10 million p.a.


Lucerne, 18 June 2018 - Mobimo Holding AG ("Mobimo") has signed a transaction
agreement with Immobiliengesellschaft Fadmatt AG ("Fadmatt") and has submitted
an offer to the company's shareholders to acquire all of the Fadmatt shares. A
number of shareholders who collectively hold slightly more than 50% of the share
capital have already agreed to accept the offer.
 

Fadmatt was founded in 1861 with the aim of creating low-cost workers'
apartments in Zurich. Today, the company owns 503 apartments spread over seven
locations in the cantons of Zurich and Schaffhausen. The developments are
externally managed, while the five-person Board of Directors is responsible for
managing the company. Following extensive renovations and the construction of
new buildings in recent years, the portfolio as a whole is in good health. The
portfolio generates a rental income of over CHF 10 million p.a.
 

Mobimo communicated its interest in an acquisition already in January 2018.
After a structured sales process, the Board of Directors of Fadmatt has now
decided to support Mobimo's increased offer. Assuming that the offer will be
concluded, Mobimo will integrate the properties into its own portfolio and take
over the management of the properties.
 

A number of conditions have to be fulfilled in order to conclude the offer,
including the tender of at least 67% of the share capital of Fadmatt. At least
half of the acquisition price will be paid with shares from Mobimo's authorised
capital. The newly created Mobimo shares will be entitled to a full dividend for
the financial year 2018. In order to determine the exchange ratio, the Mobimo
share was assigned a fixed value of CHF 244.04 based on the volume-weighted
30-day average price from 30 April to 13 June 2018. This price has already been
adjusted for the distribution of CHF 10.00 per Mobimo share to the Mobimo
shareholders, taking place on 20 June 2018 (ex-date).
 

Further information on the portfolio of Immobiliengesellschaft Fadmatt AG can be
found in the presentation atwww.mobimo.ch


If you have any questions, please contact:

Mobimo Holding AG

Dr. Christoph Caviezel, CEO
+41 44 397 15 55 or +41 79 604 18 01

Manuel Itten, CFO
+41 44 397 11 97 or +41 76 572 04 41
 
ir@mobimo.ch
www.mobimo.ch


About Mobimo:

Mobimo Holding AG was established in Lucerne in 1999 and has been listed on the
SIX Swiss Exchange since 2005. With a real estate portfolio with a total value
of CHF 2.8 billion, the Group is one of the leading real estate companies in
Switzerland. The portfolio comprises investment and development properties in
first-class locations in German-speaking Switzerland and French-speaking
Switzerland. Mobimo generates stable rental income with its residential and
commercial properties, while its development expertise and full pipeline allows
it to create value enhancement potential in its own portfolio and for third
parties. The investment volume of development properties for its own portfolio
totals around CHF 0.8 billion. Mobimo has a stable business model, pursues a
sustainable strategy and provides its shareholders with an attractive return.

Additional features:


Document:http://n.eqs.com/c/fncls.ssp?u=OTITEAHBDP
Document title: Mobimo_Fadmatt_18.6.2018
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End of ad hoc announcement------------------------------------------------------

695995  18-Jun-2018 CET/CEST