EGS Beteiligungen AG Increases Stake in Siegfried to 7.2% Registered Shares

EGS Beteiligungen AG has converted the second of two convertible bonds issued in December 2020, which had a 1.15% coupon and a nominal value of CHF 40 million, into shares of Siegfried Holding AG. This conversion grants EGS Beteiligungen AG an additional 48,054 shares, raising its ownership from 6.2% to 7.2% of registered shares. These shares will come from Siegfried's treasury, avoiding the issuance of new shares.

The bonds were initially issued to support Siegfried's acquisition of two pharmaceutical production sites in Spain. According to Siegfried’s CEO Marcel Imwinkelried, this transaction demonstrates EGS Beteiligungen AG's confidence in Siegfried's business model and strategy.