Julius Baer announces details of the rights offering in connection with the
partial financing of the acquisition of the International Wealth Management
business of Bank of America Merrill Lynch outside the United States and Japan
*New registered shares will be offered to existing Julius Baer shareholders
with a subscription ratio of 3 new shares for every 29 existing shares.
The subscription price for the new registered shares was fixed at CHF
24.20 per share.
*The subscription rights will be traded on the SIX Swiss Exchange from 10
October 2012 until 16 October 2012 and will be exercisable from 10 October
2012 until 17 October 2012, 12:00 noon CET. It is expected that the new
registered shares will be listed and trading in the new shares will begin
on 18 October 2012.
*Julius Baer will raise gross proceeds of CHF 492 million.
*A total of 20,316,285 new registered shares will be issued in the context
of the rights offering.
Julius Baer is publishing the details of the rights offering (the "Rights
Offering") in connection with the partial financing of the acquisition of the
International Wealth Management business of Bank of America Merrill Lynch
outside the United States and Japan (IWM) as announced on 13 August 2012.
The shareholders of Julius Baer will receive one subscription right for every
registered share they hold on 9 October 2012 (after market close). 29
subscription rights will grant to the holder thereof the right to subscribe
for 3 new shares at a subscription price of CHF 24.20 per share, subject to
the selling restrictions applicable to the Rights Offering.
The subscription rights will be traded on the SIX Swiss Exchange from 10
October 2012 until 16 October 2012 and the subscription rights will be
exercisable from 10 October 2012 until 17 October 2012, 12:00 noon CET. The
listing and first trading day for the new registered shares on the SIX Swiss
Exchange is scheduled for 18 October 2012. Delivery of the new registered
shares against payment of the subscription price is expected to occur on 22
Julius Baer will raise gross proceeds of CHF 492 million through the Rights
Offering. In the context of the Rights Offering, a total of 20,316,285 new
registered shares with a nominal value of CHF 0.02 each will be issued out of
Julius Baer's authorised share capital. After completion of the rights issue,
Julius Baer will have an issued share capital of CHF 4,334,140.82 divided into
216,707,041 registered shares.
Julius Baer plans to release additional information on the acquisition of IWM
on Tuesday 9 October 2012.
The offering circular for the Rights Offering (the "Offering Circular") is
expected to be published on 9 October 2012. Copies of the Offering Circular
and any supplements thereto will be available upon publication at Credit
Suisse AG, Zurich, Switzerland (telephone: +41 (0)44 333 4385; fax: +41 (0)44
333 3593; email: firstname.lastname@example.org).
Following the release of additional information on the acquisition of IWM on 9
October 2012, an investor presentation to the financial community will be held
in London on the same day at 13:00 CET (12:00 noon local time). The
presentation will be webcast live on the internet via www.juliusbaer.com. The
slides for the presentation will be available from our website,
Media Relations Tel. +41 (0)58 888 8888
Investor Relations Tel. +41 (0)58 888 5256
About Julius Baer
The Julius Baer Group is the leading Swiss private banking group, with an
exclusive focus on servicing and advising private clients. Julius Baer's total
client assets amounted to CHF 269 billion at the end of June 2012, with assets
under management accounting for CHF 179 billion. Bank Julius Baer & Co. Ltd.,
the renowned Swiss private bank with origins dating back to 1890, is the
principal operating company of Julius Baer Group Ltd., whose shares are listed
on the SIX Swiss Exchange (ticker symbol: BAER) and form part of the Swiss
Market Index (SMI) of the 20 largest and most liquid Swiss stocks.
Julius Baer employs a staff of over 3,600 in more than 20 countries and some
40 locations, including Zurich (head office), Dubai, Frankfurt, Geneva, Hong
Kong, London, Lugano, Milan, Monaco, Montevideo, Moscow, Shanghai and
For more information visit our website at www.juliusbaer.com
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