Zur Rose Group proposes capital increaseAs communicated on 18 October 2018, Zur Rose Group is acquiring the mail-order activities of Germany's third largest online pharmacy medpex, based in Ludwigshafen. With this transaction, Zur Rose Group is significantly expanding its market leadership in the drugs mail-order business in Germany.
Zur Rose Group intends to finance the purchase price for medpex as well as further organic growth initiatives by way of a capital increase of around CHF 200 million. For this purpose, the Group invites its shareholders to an Extraordinary General Meeting on 19 November 2018. The Board of Directors proposes an ordinary capital increase of up to three million new shares to be issued. Subject to approval of the Board of Directors' motion by the General Meeting of Shareholders, the ordinary capital increase will be conducted through a rights offering. Existing shareholders of Zur Rose Group AG will receive rights pro-rata to their shareholding to subscribe for the new shares to be issued. The final terms (subscription ratio and maximum number of new shares to be issued) will be announced ahead of to the rights issue.
Morgan Stanley and UBS are acting as Joint Global Coordinators and Joint Bookrunners on the proposed rights offering, which is fully underwritten by the two banks.
Investors and analyst contact
Marcel Ziwica, Chief Financial Officer
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Lisa Lüthi, Head of Corporate Communications
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19 November 2018 Extraordinary General Meeting
23 January 2019 Sales 2018
21 March 2019 Annual results 2018
17 April 2019 Q1/2019 Trading Update
23 May 2019 Annual General Meeting
Zur Rose Group
The Swiss Zur Rose Group is Europe's largest online pharmacy and one of the leading medical wholesalers in Switzerland. With its business model, it offers high-quality, safe and cost-effective pharmaceutical care and thus contributes to reducing healthcare costs. It is also characterized by the continuous further development of digital services in the field of drug management in order to increase therapy safety. The creation of added value and a pronounced patient orientation make the Group an important strategic partner for service providers, cost units and industry.
The Zur Rose Group is internationally present with strong brands, including Germany's best-known pharmacy brand DocMorris. The company employs over 1,000 people at various locations and generated a turnover of CHF 983 million in the 2017 financial year. The shares of Zur Rose Group AG are listed on the SIX Swiss Exchange (securities number 4261528, ISIN CH0042615283, ticker ROSE). The CHF 115 million corporate bond issued in July 2018 is also listed on the SIX Swiss Exchange (securities number 42146044, ISIN CH0421460442, ticker ZRO18). Further information at zurrosegroup.com
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This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States. The securities of Zur Rose Group AG to which these materials relate have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will not be a public offering of securities in the United States. Any sale in the United States of the securities mentioned in this communication will be made solely to “qualified institutional buyers” as defined in, and in reliance on, Rule 144A under the Securities Act.
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