Barry Callebaut AG has been informed that Jacobs Holding AG has successfully sold 156,658 shares (2.85%) in Barry Callebaut AG in a private placement to Ontario Teachers’ Pension Plan and another 393,342 shares (7.17%) by way of an accelerated bookbuilding process at a price of CHF 1,915 per share.
After the completion of these transactions, Jacobs Holding AG retains 2,199,986 shares, representing 40.08% in Barry Callebaut’s share capital. As a result, Barry Callebaut’s free float at SIX Swiss Exchange will increase from 42.5% to 54.9%.
Jacobs Holding has stated that it would remain committed to Barry Callebaut as reference shareholder, with no intention of a further sell down.
In their announcement, Philippe Jacobs, Co-Chairman of Jacobs Holding AG said:
Barry Callebaut is and will remain in every respect the most important investment for us and this transaction does not change our relationship to the company our father founded. We are deeply convinced of its continued growth prospects and support the management team in the implementation of its strategy. We will remain involved and fully committed to Barry Callebaut as reference shareholder in the long run.
Jacobs Holding AG has agreed to a two-year lock-up. Ontario Teachers’ Pension Plan has agreed to a one-year lock-up.
