SGS announces that the von Finck family has successfully completed the sale of 960,000 SGS shares (12.7% of SGS share capital) by way of an accelerated bookbuild offering at a price of CHF 2,425 per share. It retains approximately 3% of SGS share capital.
Our largest shareholder, GBL, participated in the transaction and has increased its stake from 16.7% to 18.9% of SGS share capital. Furthermore, the transaction diversifies our investor base and increases our free-float.
Following the successful completion of the accelerated bookbuild, the remaining von Finck holding is subject to a 180-day lock-up.
"We thank the von Finck family for their long-term support and commitment to the SGS group," said Peter Kalantzis, Chairman of the Board of Directors of SGS.
For further information, please contact:
Investors: Toby Reeks
t: +41 79 641 83 02
Media: Daniel Rufenacht
Corporate Communications and Sustainability
t: +41 78 656 94 59
SGS is the world's leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 94,000 employees, SGS operates a network of over 2,600 offices and laboratories around the world.