New Anchor Shareholder in MCH Group

On 10 July 2020, MCH Group AG announced a comprehensive set of measures, including a new anchor investor, Lupa Systems LLC, an independent private investment company owned by James Murdoch. In order to strengthen its capital structure and shareholder base and to accelerate its ongoing transformation, MCH Group’s board of directors proposes to its shareholders a capital increase of CHF 104.5 million, Lupa Systems as a new anchor shareholder and a restructuring of the group’s debt capital. Lupa Systems and the public sector shareholders, which are expected to each hold around one third of MCH Group’s shares, have signed a long-term relationship agreement to, among other things, secure Art Basel in Basel and are fully committed to the strategic direction announced by MCH Group last autumn. The comprehensive set of measures proposed by MCH Group will only be implemented if MCH Group’s shareholders approve all proposals at the extraordinary general meeting to be held on 3 August 2020.