At today’s Extraordinary General Meeting of Julius Baer Group Ltd., the shareholders approved the creation of authorized share capital for the purpose of the partial financing of the acquisition of the International Wealth Management business of Bank of America Merrill Lynch outside the Unites States.

The resolutions of the Extraordinary General Meeting were as follows:

• Creation of CHF 600,000.00 of authorized share capital for the purpose of issuing (inclusive of pre-emptive subscription rights of the existing shareholders) a maximum of 30,000,000 registered shares to be used exclusively for the partial financing of the acquisition of the International Wealth Management business of Bank of America Merrill Lynch outside the United States.
• Creation of CHF 150,000.00 of authorized share capital for the purpose of issuing (exclusive of pre-emptive subscription rights of the existing shareholders) a maximum of 7,500,000 registered shares to be used exclusively as consideration for the acquisition of the International Wealth Management business of Bank of America Merrill Lynch outside the United States.

The capital increase to be conducted by way of a rights offering (inclusive of pre-emptive subscription rights of the existing shareholders) in the amount of up to CHF 500 million is expected to take place in October 2012, market conditions permitting.

Please note the disclaimer in the media release PDF attached on the right-hand side.

Important dates