Switzerland Press Release
Credit Suisse Group AG Completes Capital Increase by Way of a Private Placement of 58,000,000 Newly Issued Registered Shares
This document is not for release, publication or distribution (directly or indirectly) in or to the United States, Canada, Australia, the Hong Kong Special Administrative Region of the People’s Republic of China, South Africa or Japan. It is not an offer of securities for sale in or into the United States, Canada, Australia, the Hong Kong Special Administrative Region of the People’s Republic of China, South Africa or Japan.
This document is not an offer of securities for sale in the United States. The shares to which this document relates have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. There will not be a public offering of shares in the United States.
On November 20, 2015, Credit Suisse Group AG issued 58,000,000 new registered shares with a nominal value of CHF 0.04 each through an ordinary capital increase by way of a private placement. The number of registered shares of Credit Suisse Group AG in issue thus increased to 1,696,395,346. The share capital of Credit Suisse Group AG rose by CHF 2,320,000 from CHF 65,535,813.84 to CHF 67,855,813.84.
A number of qualified investors purchased the newly issued registered shares, which were offered by way of a private placement. The purchase price agreed with the qualified investors was CHF 22.75 per share (this corresponds to 94.5% of the volume-weighted average price of the registered shares of Credit Suisse Group AG traded on the SIX Swiss Exchange on October 21, 2015). The gross proceeds of this private placement for Credit Suisse Group AG amount to CHF 1.32 billion.
The new shares issued in connection with the private placement are listed and admitted for trading on the SIX Swiss Exchange as of today, November 23, 2015. The qualified investors have committed not to sell the newly issued registered shares before the settlement date of the subsequent rights offering and to participate in the rights offering on the basis of such new registered shares.
At the Extraordinary General Meeting of November 19, 2015 – as already announced – the shareholders of Credit Suisse Group AG also approved the implementation of a second ordinary capital increase by way of a rights offering to existing shareholders of up to 260,983,898 newly issued registered shares with a nominal value of CHF 0.04 each. Credit Suisse Group AG expects gross proceeds from this rights offering of up to CHF 4.7 billion.
Not for release, publication or distribution in or to the United States, Canada, Australia, the Hong Kong Special Administrative Region of the People’s Republic of China, South Africa or Japan.