Capital increase: 204,115 new shares acquired by existing shareholders
ad hoc announcement pursuant to Art. 53 LR
Of the maximum number of 420,240 new registered shares, 204,115 were acquired under the rights offering by existing shareholders.
The shareholders of St.Galler Kantonalbank AG exercised subscription rights for 204,115 new registered shares offered to them as part of the rights offering. This corresponds to a share of 49 % of the maximum number of new registered shares. Roland Ledergerber, President of the Executive Board: «For an at market capital increase, this exercise rate is very high. We are very pleased by this sign of the trust of our shareholders.»
In addition to the new registered shares acquired under the rights offering, St.Galler Kantonalbank AG will place up to 216,125 additional registered shares with the public and with institutional investors. In the course of the free share placement, the subscription of new registered shares is still possible and welcome until 24 May 2019, 12:00 noon.
Due to the encouraging demand, all orders below CHF 420 risk to miss allocation.
The result of the share placement as well as the subscription or placement price will presumably be announced by St.Galler Kantonalbank on 27 May 2019 before the opening of trading.
The offering prospectus can be downloaded under the following link: www.sgkb.ch/kapitalerhoehung