R&S Group and VT5 Make History with First Swiss SPAC on SIX Exchange

Markus Laesser, CEO R&S Group and Rolf Lanz, Managing Partner CGS Management and Vice-Chairman R&S Group (from left to right)

(IN BRIEF) R&S Group Holding AG (“R&S Group”) has successfully listed its shares on SIX Swiss Exchange with the ticker symbol RSGN. The initial market capitalization reached approximately CHF 267 million, with 25,901,413 registered shares issued at CHF 0.10 per share. This listing follows a business combination with VT5 Acquisition Company (“VT5”), the first Swiss Special Purpose Acquisition Company (SPAC) listed on SIX. Starting December 14, 2023, R&S Group will be part of various Swiss indices. Heinz Kundert, Chairman of the Board of R&S Group, highlighted the achievement, while Jos Dijsselhof, CEO of SIX, commended the De-SPACing process and welcomed R&S Group to the SIX family.

(PRESS RELEASE) ZÜRICH, 13-Dec-2023 — /EuropaWire/ — SIX Group, the operator of the infrastructure for the Swiss financial centre, announces that R&S Group Holding AG (“R&S Group”) marked a significant milestone today by listing its shares on SIX Swiss Exchange under the ticker symbol RSGN. The opening price of CHF 10.30 per share led to an initial market capitalization of approximately CHF 267 million.

R&S Group’s issued share capital now comprises 25,901,413 registered shares with a nominal value of CHF 0.10 per share. This listing on SIX Swiss Exchange follows a business combination with VT5 Acquisition Company (“VT5”), the first Swiss Special Purpose Acquisition Company (“SPAC”) to be listed on SIX. As part of the offering, VT5 allocated 5,431,798 shares at an issue price of CHF 10.00 per share. Starting from December 14, 2023, R&S Group will be included in the Swiss Performance Index (SPI), the SPI Extra Index (SPIEX), and the SPI ex SLI TR Index (SXSLI).

Heinz Kundert, Chairman of the Board of R&S Group, commented, “With today’s listing of R&S Group at SIX Swiss Exchange, VT5 has achieved its goal of bringing a hidden champion to the public markets. As a Swiss engineering leader with high-quality, reliable products and a leading position in its markets, R&S Group fulfills or exceeds VT5’s investment principles as defined at the start of VT5. While today marks the beginning of R&S Group’s listing, it also marks the end of an exciting journey that we embarked upon two years ago with the IPO of the first SPAC at SIX Swiss Exchange. I thank my colleagues in the VT5 team for their tireless efforts in the quest of finding the ideal partner for the business combination that has now been successfully concluded.”

Jos Dijsselhof, CEO of SIX, added, “VT5 pioneered with the first Swiss SPAC in December 2021. Now, two years later, a next milestone was reached where the so-called De-SPACing materializes in a business combination with R&S Group. I welcome R&S Group to the SIX-family and wish them all the best and success as a listed company.”

Further information about VT5

Further information about R&S Group

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SOURCE: SIX