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Announcement of tender offer of Hero AG's CHF 200m Perpetual Callable Subordinated Bonds

  • Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules

Lenzburg, May 9, 2023 – Hero AG (the "Company") invites the holders of its CHF 200 million Perpetual Callable Subordinated Bonds with ISIN CH0341725874 (the "Bonds") to tender their Bonds for cash up to a maximum purchase amount that will be determined in the sole and absolute discretion of the Company on the date the results of the tender offer are announced, which is expected to be as soon as practicable after the Expiration Date (the "Tender Offer").

The Tender Offer is being made as part of the Company’s active management of its balance sheet. The Tender Offer will also provide liquidity for holders of bonds, concurrent with the opportunity to redeploy funding into the Company’s proposed new CHF denominated perpetual callable subordinated bonds.

The price payable by the Company in respect of the Bonds accepted for purchase (the “Purchase Price”) will be 100.00 per cent. of the principal amount of the relevant Bond accepted for purchase plus an amount equal to any accrued and unpaid interest on such Bonds from the last interest payment date up to the settlement date of May 30, 2023.

The Tender Offer commences on May 9, 2023, and tenders of Bonds may be accepted for purchase on or prior to noon (CEST) on May 23, 2023 (the "Expiration Date"), unless extended, withdrawn, or terminated at the sole discretion of the Company.

Please refer to the Official Notice published to SIX Swiss Exchange for more information.


About Hero Group
The Hero Group is an international food company focused on branded nutritional food products. The company was founded in 1886 in Lenzburg, Switzerland, where its headquarters are still located today. Hero's main product categories of Baby & Toddler Food, Natural Spreads, and Healthy Snacks are complemented by its activities in Baby & Toddler Milk, Gluten Free and Specialties. The Group, which lives by its mission to delight consumers by conserving the goodness of nature, boasts a global footprint and its portfolio consists of many well-known international and local brands. In 2022, the Group generated revenues of CHF 1.2 billion.

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