February 4, 2020 / 6:36 AM / 5 months ago

BRIEF-Von Finck Family Completes SGS Share Sale

Feb 4 (Reuters) - SGS SA:

* CHANGE IN SHAREHOLDER STRUCTURE

* FAMILY HAS SUCCESSFULLY COMPLETED 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

* LARGEST SHAREHOLDER, GBL, PARTICIPATED IN TRANSACTION AND HAS INCREASED ITS STAKE FROM 16.7% TO 18.9% OF SGS SHARE CAPITAL

* TRANSACTION DIVERSIFIES OUR INVESTOR BASE AND INCREASES OUR FREE-FLOAT

* REMAINING VON FINCK HOLDING IS SUBJECT TO A 180-DAY LOCK-UP Source text for Eikon: Further company coverage: (Berlin Speed Desk)

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