Shares of poenina holdig AG start trading at SIX Swiss Exchange

SIX Swiss Exchange

The shares of poenina holdig AG („poenina“) were traded for the first time under the „Swiss Reporting Standard“ of SIX Swiss Exchange, opening at CHF 48.50. This corresponds to a total market capitalization of CHF 121.25 Mio.

The issued share capital of poenina comprises 2,500,000 registered shares with a nominal value of CHF 0.10 per share. Poenina placed 740,000 registered shares in the offering, of which 500,000 new registered shares thereby raising CHF 23 Mio. in gross proceeds (before exercise of the overallotment option). In addition to the new registered shares, 240,000 registered shares were sold by the majority shareholder. At the opening price of CHF 48.50, the placement volume corresponds to an amount of CHF 35.9 Mio. Furthermore, the majority shareholder has granted the sole lead manager of the offering an over-allotment option of 110,000 registered shares.

Poenina is a provider of services in the area of building technology and building envelope in the German-speaking part of Switzerland, headquartered in Opfikon, Zurich. Poenina combines its core competencies in the areas of sanitary, heating and ventilation technology under building technology. Building envelope includes the core competencies in roofing and sheet metal work. The services are offered for public buildings as well as residential, commercial and hotel buildings. The operating companies are run on the basis of local entrepreneurial responsibility which allows poenina to respond optimally to customer needs and to be an efficient partner for projects of any size and customer group. Poenina intends to increase its market share through targeted acquisitions of companies in the fields of building technology and building envelope.

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