109 0 Kommentare R&S Group increases its free float by broadening its share-holder base

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R&S Group increases free float to 57.2%
New shareholder with 6.5% stake
CGS III (Jersey) L.P sells shares, stake reduced to 17.8%

R&S Group Holding AG / Key word(s): Miscellaneous
R&S Group increases its free float by broadening its share-holder base

14-Feb-2024 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

Ad hoc announcement pursuant to Art. 53 LR

R&S Group increases its free float by broadening its shareholder base

Free float of R&S Group increases to 57.2%
International long-only investor as new shareholder with 6.5% quota
CGS III (Jersey) L.P sold 1,875,000 R&S Group shares, reducing its stake
to 17.8% (from 24.3%)

Sissach/BL, Switzerland, 14 February 2024 – R&S Group Holding AG (SIX: RSGN), a leading provider of electrical infrastructure components in focus markets in Europe and the Middle East, herewith informs the market that its major shareholder, CGS III (Jersey) L.P. (CGS), yesterday post market close, sold 1,875,000 R&S Group shares to an international long-only investor. The trade size corresponds to 6.5% of R&S Group's share capital.

With this trade, the holdings of CGS are reduced to 17.5%, from 24.0%. UBS agreed to waive the existing lock-up on the abovementioned 1,875,000 R&S Group shares that CGS undertook in the context of the 2023 Initial Business Combination. The lock-up until 13 December 2024 will continue to apply on CGS’s remaining position in R&S Group.

Heinz Kundert, Chairperson of the Board of R&S Group, says: “With yesterday's transaction we welcome a new well-known investor into R&S Group's shareholder register, highlighting the attractiveness of the Group's investment case. The higher expected free-float is also positive for the investors community and our recognition as a public company.”

Rolf Lanz, Managing Partner at CGS, adds: “We are pleased to agree to this transaction, leading to the original planned shareholding and we thank the board for its support. CGS remains a major shareholder of R&S Group and continues to be committed to the further development of the company.”

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