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SKAN sets price range for IPO at CHF 44 to CHF 55 per share

***Ad-Hoc Mitteilung*** - The IPO consists of a capital increase targeting gross proceeds of approximately CHF 90 million through the placement of up to 2,045,455 new shares (depending on the offer price) and the placement of 2,768,506 existing shares. In addition, there will be an over-allotment option for up to 500,000 existing shares. - The price range has been set at CHF 44 to CHF 55, corresponding to an offer size of CHF 212 million to CHF 242 million in the base Offering and CHF 234 million to CHF 270 million if the over-allotment option is fully exercised. - M&G Investments has committed as a cornerstone investor to a subscription for an aggregate amount of EUR 35.0 million (approx. CHF 37.5 million) in exchange for a guaranteed allocation and subject to customary conditions. - The free float after the IPO is expected to be approximately 50 percent assuming full exercise of the over-allotment option and including pre-IPO shareholders with a stake below 3 percent after completion of the Offering. - The Offering period starts today, 18 October 2021, and is expected to end on 26 October 2021. - The listing and the first day of trading at SIX Swiss Exchange are scheduled for 28 October 2021.
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