SMG Acquires 1.0% of Its Own Shares in Strategic Move

SMG Swiss Marketplace Group AG (SMG) has purchased 981,452 of its own shares, equating to 1.0% of its issued share capital, priced at CHF 28.50 per share. This transaction occurred during a secondary placement by Schweizerische Mobiliar Holding AG (Mobiliar).

Mobiliar conducted an accelerated bookbuilding process that saw 7.5% of SMG’s capital sold overnight. Despite the sale, Mobiliar retains a significant 11.8% stake in SMG and continues its representation on the board of directors.

The share acquisition is expected to increase SMG’s free float by approximately 3 percentage points, reaching 24.1%. This strategic move aims to broaden SMG's institutional shareholder network, capturing both domestic and international investors.