Spin-off, Rights Offering and Listing of Ina Invest Holding

On 12 June 2020, Implenia AG completed the spin-off of Ina Invest Holding AG and the shares of Ina Invest Holding were, after a concurrent capital increase, listed on the SIX Swiss Exchange. Ina Invest AG is a Swiss real estate company whose entire portfolio shall be developed and realized according to the highest sustainability criteria.

The spin-off has been effected through a tax-neutral dividend in kind distribution of the Ina Invest Holding shares to Implenia’s shareholders that was previously approved by Implenia’s shareholders. It has been preceded by the separation of a part of Implenia’s development portfolio to Ina Invest through a series of transactions, including a tax neutral spin-off of real estate in various cantons. Ina Invest Holding will hold approximately 57%, Implenia the rest in Ina Invest. Implenia and Ina Invest are aiming for a long-term, close partnership.

In parallel, Ina Invest Holding has completed a rights offering. It raised gross proceeds from the capital increase of CHF 116 million. The settlement and delivery of the new Ina Invest Holding shares against payment of the offer price occurred today. Ina Invest Holding will contribute the net proceeds of approximately CHF 109 million to the planned capital increase of Ina Invest.