- New CHF 300 million syndicated loan facility finalised on favourable terms
- Group’s capital position remains comfortable
- Stable dividend projected for 2012
- New 300 million syndicated loan facility finalised on favourable terms

On November 30, 2011, Valora Holding AG finalised a new CHF 300 million syndicated loan facility with a group of 13 Swiss and foreign banks on favourable terms. The new transaction, led by UBS AG, replaces the Group’s previous CHF 200 million facility. The contract covers a period of five years.


Group’s capital position remains comfortable

Thanks to its strong capital ratios Valora will be able to pursue its „Valora 4 Growth“ expansion strategy as planned, with the clear objective of developing the firm into one of Europe’s leading small-outlet retailers by 2015. As announced in November 2010, the Group plans to finance this expansion through the existing equity and debt available to it. Valora does not therefore currently see any need to avail itself of the authority granted to it by the ordinary general meeting of shareholders in April 2011 to issue new shares.


Stable dividend projected for 2012

The enhancements Valora has made to its profitability since 2008 mean that the Group is able to pursue a stable, shareholder-oriented dividend policy. Despite the challenges currently facing the overall economy, the Board thus intends to recommend that the next general meeting of shareholders approve the disbursement of an unchanged dividend of CHF 11.50 per registered in respect of the 2011 financial year.