Homburger advises ARYZTA AG on its Rights Offering for a total of 900,184,940 Newly Registered Shares

On November 19, 2018, ARYZTA AG (the Company), a SIX Swiss Exchange listed leading provider of business-to-business frozen bakery solutions with a secondary listing on the Irish Stock Exchange, announced the successful closing of a fully underwritten rights offering to strengthen its capital base and to regain the necessary strategic and financial flexibility. The rights offering related to 900,184,940 new registered shares with a nominal value of CHF 0.02, issued from an ordinary capital increase as approved by the Company’s shareholders at the Company’s annual shareholders’ meeting on November 1, 2018. The first trading day of the newly issued registered shares is November 19, 2018. The expected net proceeds from the rights offering amount to ca. CHF 900 m.

Homburger has acted as lead counsel to the Company in the structuring and execution of the capital increase and the offering. The Homburger team was led by partners Benedikt Maurenbrecher (Banking and Finance / Capital Markets / Restructuring / Insolvency), Claude Lambert (Corporate / M&A) and Benjamin Leisinger (Capital Markets) and included senior counsel Ueli Huber (Restructuring / Insolvency), counsel Eduard De Zordi (Banking and Finance), associates Mario Wälti and Nina Hagmann (both Corporate / M&A) as well as junior associates Livia Kappeler and Kristof Reber (both Banking and Finance). Partner Stefan Oesterhelt (Tax) provided tax advice.