Shares to be newly issued and offered in a rights offering of around CHF500 million will be available first to existing shareholders, subject to certain legal limitations based on residency. The offer price of the new shares was set at CHF 33.22 per share, corresponding to the volume weighted average price of the existing shares as of market close on October 19, 2020, in line with Dufry's rights issue aims to raise around 500 million Swiss francs ($549 million). (AFP) PVR rights issue opens: 5 key things for shareholders to know 1 min read. The offer price of the new shares was set at CHF 33.22 per share, corresponding to the volume weighted average price of the existing shares as of market close on October 19, 2020, in line with the pricing … Dufry Group has concluded the rights offering for a tranche of new shares. Dufry last month agreed to buy the rest of Hudson for $7.70 per share in an all-cash deal worth around $311 million that will delist Hudson from the New York Stock Exchange. View recent trades and share price information for Dufry AG CHF5. Dufry AG (SIX: DUFN) ("Dufry") today announces the terms of the ordinary capital increase by way of a rights offering to be approved by Dufry's Extraordinary General Meeting today, October 6, 2020. The rights issue remains subject to approval by the group’s shareholders, which will be sought at a meeting scheduled to take place on 6th October. The Dufry One B.V.-Bond has a maturity date of 2/15/2027 and offers a coupon of 2.0000%. Dufry last month agreed to buy the rest of Hudson for $7.70 per share in an all-cash deal worth around $311 million that will delist Hudson from the New York Stock Exchange. Shareholders must approve the plan at a meeting on Oct. 6. Private equity outfit Advent International could get a stake of nearly a fifth in Dufry as the Swiss duty free group raises capital via a rights issue to fund a buyout of its Hudson Ltd unit, Dufry said. The final terms of the rights offering are expected to be determined and communicated in due course. Phone: +41 62 209 16 60 Fax: +41 62 209 19 69 Email: info@areg.ch The payment of the coupon will take place 2.0 times per biannual on the 15.02.. But this issue is a three-for-10 rights issue. The offer price of the new shares was set at CHF 33.22 per share, corresponding to the volume weighted average price of the existing shares as of market close on October 19, 2020, in line with the pricing mechanism publicly communicated on October 6, 2020. View recent trades and share price information for Dufry AG CHF5. The company set the share price at CHF33.22 (US$36.50) each, in line with the volume weighted average price of the existing shares as of market close on 19 October. It is important to note that the rights issue offer is an invitation that provides an opportunity for existing shareholders to increase their shareholding. Advent International has committed to purchase the Commitment Shares at a fixed subscription price of CHF 28.50, even if the offer price determined in the book-building procedure is below CHF 28.50. The envisaged proceeds are planned to finance the previously announced acquisition of all remaining equity interest in Hudson Ltd. and for general corporate purposes. Dufry has laid out the terms of the planned rights issuance that will increase its share capital to up to 401 million Swiss francs ($438.2m), following investment agreements from Alibaba Group and Advent International. Dufry last month agreed to buy the rest of Hudson for $7.70 per share in an all-cash deal worth around $311 million that will delist Hudson from the New York Stock Exchange. The company has confirmed that it currently has no intention to acquire a controlling stake in Dufry. It is a consideration for stock issued through a rights offering. Dufry's rights issue aims to raise around 500 million Swiss francs ($549 million). Dufry has secured an equity investment commitment from Advent International of up to CHF41m in the form of a commitment to purchase Rump Shares in priority to other investors in the international offering (the “Commitment Shares”).. Share Register. The value of the cum right = ($51 - … Its stake in Dufry will not exceed 19.99% immediately following the closing of the rights offering. A rights issue is a primary market offer to the existing shareholders to buy additional shares of the company on a pro-rata basis within a specified date at a discounted price than the current market price.. 0. The offer price of the new shares was set at CHF 33.22 per share, corresponding to the volume weighted average price of the existing shares as of market close on October 19, 2020, in line … The company said the rights issue to be approved at the EGM could generate gross proceeds of around CHF700 million, including Alibaba's commitment. Alibaba To Pick Up Nearly 10% Stake In Dufry With $763M Investment. If the offer price is above CHF 28.50, Advent International’s commitment is no longer valid and it has no obligation to purchase Commitment Shares. Alibaba plans to buy shares at CHF28.50--the same price as Advent International--but won't invest more than CHF250 million, Dufry said. Find the latest DUFRY AG (DUFRY) stock quote, history, news and other vital information to help you with your stock trading and investing. Dufry's rights issue aims to raise around 500 million Swiss francs ($549 million). Dufry last month agreed to buy the rest of Hudson for $7.70 per share in an all-cash deal worth around $311 million that will delist Hudson from the New York Stock Exchange. Dufry AG (SIX: DUFN) (“Dufry”) today announces the terms of the ordinary capital increase by way of a rights offering to be approved by Dufry’s Extraordinary General Meeting today, … Dufry AG (SIX: DUFN) (“Dufry”) announces that it has successfully concluded the rights offering. SWITZERLAND. Offered shares not taken up by existing shareholders (the “Rump Shares”) will first be offered to Advent International. The Dufry One B.V.-Bond has a maturity date of 2/15/2027 and offers a coupon of 2.0000%. How has Dufry's stock price been impacted by Coronavirus? The final terms of the rights offering are expected to be determined and communicated in due course. Sen is Managing Partner at Advent International, member of the European and Asian Investment Advisory Committee and Head of its German office. ZURICH — Private equity outfit Advent International could get a stake of nearly a fifth in Dufry as the Swiss duty free group raises capital via a rights issue to fund a buyout of its Hudson Ltd unit, Dufry said.Dufry last month agreed to buy the rest of Hudson for $7. Dufry AG (SIX: DUFN) (“Dufry”) announces that it has successfully concluded the rights offering. to be issued in connection with its capital increase. The travel retail Trbusiness. Dufry Group revealed last month it had entered into a definitive agreement to acquire the remaining 42.6% equity interest it did not currently own. RIGHTS ISSUE: 4 new shares @ 28.5 CHF for 9 existing shares | ... DUFRY AG : RIGHTS ISSUE: 4 new shares @ 28.5 CHF for 9 existing shares. How has Dufry's stock price been impacted by Coronavirus? Private equity outfit Advent International could get a stake of nearly a fifth in Dufry as the Swiss duty free group raise... Dufry brings Advent on board, launches rights issue Research: Stocks: News Story Yesterday the … Two rights are needed to purchase one share. In order to participate in the rights issue, you must've held shares before the 11th of September. 0. A theoretical ex-rights price (TERP) is the market price a stock will potentially trade at following a new rights issue. Dufry last month agreed to buy the rest of Hudson for $7.70 per share in an all-cash deal worth The rights will not be tradable but transferable. This would increase its share capital by up to CHF123 million to a maximum CHF401 million, Dufry... Shares soar at UK cybersecurity firm after £3bn Thoma Bravo bid, Inflexion to acquire Norway’s Infront in $171m deal, Providence in talks to buy Groupe La Centrale from Axel Springer, Carlyle’s AlpInvest raises $9bn for latest secondaries fund, TSG makes exit from hi-end bike brand Canyon. RIGHTS ISSUE: 4 new shares @ 28.5 CHF for 9 existing shares | ... DUFRY AG : RIGHTS ISSUE: 4 new shares @ 28.5 CHF for 9 existing shares. The rights offering was concluded in October, whereupon 24,696,516 newly offered shares were offered at a price of CHF33.22/$36.6. The new shares will be offered first to existing shareholders. Dufry's stock was trading at $7.33 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. A planned rights issue to fund the deal had been fully underwritten by UBS UBSG.S and Credit Suisse CSGN.S, Dufry said. Private equity group Advent International will could get a stake of nearly a fifth in Dufry through the rights issue, providing up to 415 million francs. The payment of the coupon will take place 2.0 times per biannual on the 15.02.. Dufry Group (CH:DUFN) says its offer price represents a premium of about 50% to Hudson’s closing share price on Tuesday of $5.13. The tech giant plans to buy shares at the same price as Advent International, or CHF28.50 a share, but won't invest more than CHF250 million, Dufry said. Dufry has completed the rights offering of its new stock.. Last month, the retailer announced plans to make new stock available to shareholders in a move which would raise more capital, in part to fund its acquisition of Hudson Group.. Dufry announces final number and offer price of new shares to be issued in connection with its capital increase. Dufry's rights issue aims to raise around 500 million Swiss francs ($549 million). Dufry's stock was trading at $7.33 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Saga PLC (SAGA) has announced a rights issue with the ratio of 9:5, meaning that for every 9 shares you can subscribe for 5 new shares at the price of GBP 0.12 (GBX 12) per share. The magazine for global retail and duty free professionals. Dufry will also propose an increase to the maximum size of its Board of Directors from nine to 11. Dufry AG (SIX: DUFN) ("Dufry") announces that it has successfully concluded the rights offering. The move was approved at an Extraordinary General Meeting earlier this month, with the planned rights offering aiming to increase the company’s share … Dufry had already flagged that Advent and Alibaba were coming on board as part of the rights issue to help fund its $311 million buyout of its Hudson Ltd HUD.N unit.. Current market price of a PVR share is ₹ 1,033. -Dufry will propose a rights issue at EGM with gross proceeds of around CHF700 million, including Alibaba's commitment -Dufry, Alibaba will set up … In other words, for every 10 shares you hold, Wobble is offering you another three at a deeply discounted price of $3. Dufry, the Swiss operator of duty free retailers, has launched a Sfr700m ($766m) rights issue for M&A and corporate capital needs. The offer price for the offered shares will be determined by Dufry and the banking syndicate participating in the offering in a book-building procedure. Rights (Stock Purchasing): Rights give stockholders entitlement to purchase new shares issued by the corporation at a predetermined price (normally at a discount to the current market price… Dufry has laid out the terms of the planned rights issuance that will increase its share capital to up to 401 million Swiss francs ($438.2m), following investment agreements from Alibaba Group and Advent International. Advent has committed to provide up to 415 million francs as an equity investment, Dufry said on Thursday. In relation to Advent International’s investment, Dufry will propose the election of Ranja Sen to its Board of Directors. The capital increase will take place in an at-market rights offering, with existing shareholders holding pre-emptive rights on the shares. Under the terms of the transaction, it has committed to pay USD 7.70 in cash per share in the business, thereby valuing the deal at USD 311.00 million. Dufry shareholders subsequently approved the financing of the transaction by a capital increase via a rights offering at its Extraordinary General Meeting. Dufry has concluded its ordinary capital increase by way of a rights offering, raising around CHF820 million (US$901 million) from the sale of 24,696,516 new shares. The final terms of the rights offering are expected to be determined and communicated in due course. This will be based on the number of offered shares for which rights have been exercised, investor demand in the international offering (including the commitment of Advent International and potential additional commitment investors), the market price of Dufry’s existing shares and general market conditions. The participants were demonstrating for equal rights and an end to violence against women. areg.ch ag Fabrikstrasse 10 4614 Hägendorf Switzerland. Born in Germany in 1969, Sen, who would become an independent member of the Board of Directors has significant experience in the retail and consumer sector. Dufry's rights issue aims to raise around 500 million Swiss francs ($549 million). The rights offering was concluded in October, whereupon 24,696,516 newly offered shares were offered at a price of CHF33.22/$36.6. Since then, DUFRY shares have decreased by 21.2% and is now trading at $5.7750. Tesla is aiming to raise up to $5bn (£3.7bn) in its biggest issue of new stock in a decade, as the electric carmaker takes advantage of an almost 1,000% surge in its share price over the past year. Alibaba is to participate at the same price — SFr28.5 a share — up to a value of SFr250m, Dufry said on Monday. Rights Issue Meaning. Dufry announces final number and offer price of new shares. Basel-headquartered Dufry agreed to acquire the remaining 42.6 per cent stake it does not already own in UK-headquartered travel concession newsstands operator Hudson on 19th August. Unboxed: Middle East & Africa consumer profiles, United Airports of Georgia to issue Kutaisi DF tender, Tourvest to emerge as onboard digital TR provider. The Swiss travel retailer said the board of directors would propose to issue up to about 24.7 million new shares with a par value of CHF5 each at an extraordinary general meeting scheduled for Tuesday, 6 October. Shareholders must approve the plan at a meeting on Oct. 6. But this issue is a three-for-10 rights issue. Dufry noted that Advent’s stake upon completion will be no higher than 19.99 per cent and that the private equity player does not intend to purchase a controlling stake in the Swiss company. The stock is trading at $51 per share, and the rights have a subscription price of $48 per share. Alibaba will join private equity group Advent International in underwriting a rights issue due to be presented to Dufry shareholders on Tuesday. Dufry’s rights issue aims to raise around 500 million Swiss francs ($549 million). Shares not purchased by Advent International may be offered to other potential commitment investors and to the market through a public offering in Switzerland and private placements in certain jurisdictions outside Switzerland in compliance with applicable securities laws (the “International Offering”). Dufry had already flagged that Advent and Alibaba were coming on board as part of the rights issue to help fund its $311 million buyout of its Hudson Ltd HUD.N unit.. Dufry AG (SIX: DUFN) (“Dufry”)announces that it has successfully concluded the rights offering. Private equity outfit Advent International could get a stake of nearly a fifth in Dufry as the Swiss duty free group raises capital via a rights issue to fund a buyout of its Hudson Ltd unit, Dufry said. LONDON, October 22, 2020 – Dufry AG (SIX: DUFN) (“Dufry”) announces that it has successfully concluded the rights offering. Eighty-one percent of travellers from the Middle East & Africa would be willing to travel again... United Airports of Georgia LLC is to issue a duty free tender for two airside locations in the... Tourvest Retail Services (TRS) has invested in a full omnichannel e-commerce platform in order... Download the TRBusiness App from the iTunes store or view the latest issue online now. Since then, DUFRY shares have decreased by 21.2% and is now trading at $5.7750. Dufry AG (SIX: DUFN) ("Dufry") announces that it has successfully concluded the rights offering. People take part in the 2018 Women's March rally in Jakarta on March 3, 2018. Additionally, Advent International has agreed to a six-month lock-up period following the first day of trading of the Offered Shares. PVR's Rights Issue is priced at ₹ 784 per share. The tech giant plans to buy shares at the same price as Advent International, or CHF28.50 a share, but won't invest more than CHF250 million, Dufry said. In other words, for every 10 shares you hold, Wobble is offering you another three at a deeply discounted price of $3. This website uses cookies and contains content relating to the tobacco and alcohol industry. -Dufry will propose a rights issue at EGM with gross proceeds of around CHF700 million, including Alibaba's commitment -Dufry, Alibaba will set up … Advent has committed to provide up to 415 million francs as an equity investment, Dufry said on Thursday. Advent has committed to provide up to 415 million francs as an equity investment, Dufry said on Thursday. Dufry has secured an equity investment commitment from Advent International of up to CHF41m in the form of a commitment to purchase Rump Shares in priority to other investors in the international offering (the “Commitment Shares”).. Advent has committed to provide up to 415 million francs as an equity investment, Dufry said on Thursday. News Release Basel, October 6, 2020 Dufry publishes terms of the planned capital increase by way of a Rights Offering Dufry AG (SIX: DUFN) ("Dufry") today announces the terms of the ordinary capital increase by way of a rights offering to be approved by Dufry's Extraordinary General Meeting today, … ... Shares in issue. The offer price of the new shares was set at CHF 33.22 per share, corresponding to the volume weighted average price of the existing shares as of market close on October 19, 2020, in line with the pricing mechanism publicly communicated on October 6, 2020. Dufry shareholders subsequently approved the financing of the transaction by a capital increase via a rights offering at its Extraordinary General Meeting. The offer price of the new shares was set at CHF 33.22 per share, corresponding to the volume weighted average price of the existing shares as of market close on October 19, 2020, in line with the pricing mechanism publicly communicated on October 6, 2020. The company said the rights issue to be approved at the EGM could generate gross proceeds of around CHF700 million, including Alibaba's commitment. Dufry has secured an equity investment commitment from Advent International of up to CHF41m in the form of a commitment to purchase Rump Shares in priority to other investors in the international offering (the “Commitment Shares”). Dufry has laid out the terms of the planned rights issuance that will increase its share capital to up to 401 million Swiss francs ($438.2m), following investment agreements from Alibaba Group and Advent International. ... Shares in issue. 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