The Ordinary Annual General Meeting of SF Urban Properties Ltd in Zurich on 29 June 2020 decided to carry out a capital reduction through par value repayment of CHF 0.72 in cash per registered share of CHF 2.52 par value (voting rights share) and of CHF 3.60 in cash per registered share of CHF 12.60 par value. The payout will be effected on 17 September 2020. The par value repayment will be carried out without deduction of Swiss withholding tax and remains basically tax-exempt for natural persons residing in Switzerland.
Share capital will therefore decrease through the par value reduction per registered share – from CHF 2.52 to CHF 1.80 and from CHF 12.60 to CHF 9.00 – from CHF 42,234,318 to CHF 30,167,370. Share capital still comprises 3,111,895 voting rights shares and 2,729,551 registered shares.
From 15 September 2020 (ex-date), the registered shares of SF Urban Properties Ltd will be traded at a new par value of CHF 9.00, which is the standard for real estate companies listed on the SIX Swiss Exchange Ltd.
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Vice-President of the Board of Directors, Co-Founder
Swiss Finance & Property Group Ltd
CFO
Swiss Finance & Property Funds Ltd