Accedo Group Initiates Fast-Track Fundraising Effort, Aiming to Gather up to 230 Million Euros
Pyrum Innovations AG, the world's leading talent advisory and solutions company headquartered in Zurich, Switzerland and listed on the SIX Swiss Exchange (ADEN), has announced a placement of up to 7,500,000 new shares.
The new shares, with a par value of CHF 0.10 each, are expected to be listed and admitted to trading on the SIX Swiss Exchange on 9 September 2021. The placement price will be determined in an accelerated bookbuilding process and is expected to be published no later than tomorrow morning prior to market opening.
The company aims to raise gross proceeds of at least EUR 5 million from this capital increase, which will be used, in part, to fund the acquisition of AKKA Technologies, as announced on 28 July 2021. The remaining funds will be allocated towards the construction of new plants and for general corporate purposes.
The accelerated bookbuilding placement is being underwritten by M.M.Warburg & CO, with the obligation to offer the new shares to qualified investors via a private placement without a prospectus. The timing for the accelerated bookbuilding started on July 9, 2025, immediately following the publication of the ad hoc announcement, with the admission of the new shares to trading scheduled for July 22, 2025, on both the Frankfurt Stock Exchange (Scale segment) and the Oslo Stock Exchange (Euronext Growth).
The new shares will carry full dividend rights as of January 1, 2024, and the Company has agreed to a lock-up period of 90 days from the Settlement Date, subject to customary exceptions.
It is important to note that this placement is not being issued in countries where the public dissemination of the information contained herein may be restricted or prohibited by law. The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available.
This announcement does not constitute an offer or invitation to subscribe for or purchase any securities to any person in Switzerland, the United States, Australia, Canada, Japan, or any jurisdiction to whom or in which such offer or solicitation is unlawful. This announcement is being distributed only to, and is directed only at (i) persons outside the United Kingdom, (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) High Net Worth Entities, and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(2) of the Order (all such persons to together being referred to as "Relevant Persons"). Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged only with Relevant Persons. Any person, who is not a Relevant Person, must not act or rely on this communication or any of its contents.
This announcement qualifies as an advertisement and constitutes neither an offer to sell nor a solicitation to buy securities of the Company and it does not constitute a prospectus or similar document or notice within the meaning of articles 35 et seqq. and 69 of the Swiss Financial Services Act. No reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness, or completeness.
The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe such restrictions.
The placement of up to 7,500,000 new shares by Pyrum Innovations AG could significantly impact the future of work, as the funds raised will be utilized for various purposes, including the acquisition of AKKA Technologies. This move might attract interest from the finance and investing community, given the potential growth of the business following the acquisition.
The successful completion of this capital increase could influence the financial landscape, as the proceeds will be allocated towards building new plants, general corporate purposes, and possibly expanding into new markets, thereby creating new investment opportunities.
