R&S Group Expands Shareholder Base, Boosts Free Float

R&S Group Holding AG (SIX: RSGN) has announced a significant increase in its free float following the sale of 1,764,706 shares by Veraison SICAV in Liquidation. The shares were acquired by Swiss and international long-only investors, leading to Veraison's complete exit from R&S Group.

The transaction, which occurred on August 27, 2024, accounted for 6.1% of R&S Group's share capital. Additionally, Heinz Kundert, Chairperson of the Board of Directors, purchased 54,370 shares as part of the trade. Veraison's exit and the removal of lock-up conditions on the traded shares have contributed to the increase in R&S Group's free float.

The sale and purchase will be disclosed to the SIX Swiss Exchange following regulations. R&S Group continues to position itself to benefit from the growing demand in energy production and distribution, driven by global decarbonization trends.