Press Release

R&S Group, a Supplier of Power and Distribution Transformers and Other Components, Lists at SIX Swiss Exchange

13 December, 2023

Today, R&S Group Holding AG (“R&S Group”) listed its shares at SIX Swiss Exchange under the ticker symbol RSGN. At an opening price of CHF 10.30 per share, the resulting market capitalization of R&S Group was around CHF 267 million.

As of today, the issued share capital of R&S Group comprises of 25,901,413 registered shares with a nominal value of CHF 0.10 per share. R&S Group lists at SIX Swiss Exchange via a business combination with VT5 Acquisition Company (“VT5”), the first SIX-listed Swiss Special Purpose Acquisition Company (“SPAC”). In this connection, VT5 allocated 5,431,798 shares as part of the offering. The issue price of the shares was set at CHF 10.00 per share. As of tomorrow, 14 December 2023, R&S Group will be part of 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, says: "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 SIX, highlights: “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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