THERAMetrics holding AG closes rights offering and capital increase

THERAMetrics holding AG, an SIX listed holding company (SIX: TMX) of a global tech-based contract research & development group, successfully closed its capital increase. The capital increase consisted of a rights offering of approximately 399 million shares to THERAMetrics' existing shareholders, who were offered the opportunity to subscribe to one new share for every share held at a subscription price of CHF 0.08 each, and of a private placement for the shares not taken up by existing shareholders.

 

Some 255 million new shares (corresponding to 63,9% of the offering) were taken up by existing shareholders and, respectively, placed with Fin Posillipo S.p.A., Pierrel S.p.A. and certain investors. The offering provided THERAMetrics with net proceeds of some CHF 20 million, of which CHF 11 million had already been made available and used prior to the capital increase and some CHF 4.2 million consisted of liabilities which were converted into equity. The listing of the new registered shares issued in connection with the capital increase on the SIX Swiss Exchange became effective on 15 September 2014.

 

FRORIEP advised THERAMetrics holding AG as to Swiss law. The FRORIEP team was led by partner Marco A. Rizzi (Capital Markets; Corporate / M+A) and included associates Cyrill Littmann (Capital Markets; Corporate / M&A) and Eliane Ritzmann (Corporate / M&A).


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