Mallplaza share placement a success

The company has already raised CLP 182 billion in its capital increase process, of which 40% was from international investors

Santiago, Chile, 28 July 2024.-Mallplaza held a successful share placement after the shares renounced by its controller Falabella (59.2% of the total new shares) were auctioned off on the Santiago Stock Exchange, raising CLP 182,694 million. The auction was oversubscribed 3.5 times.

This process underscored international investors' strong interest, after acquiring 40% of the shares offered.

The company placed 136 million of its shares at a unit price of CLP 1,340, funds that will be used to partially finance the acquisition of 100% of Fallabella's shopping centers in Peru.

The transaction enhances the share's liquidity, diversifies its shareholder base and increases its free float.

In addition, today significant minority shareholders, Inversiones Avenida Borgoño Limitada and Rentas Tissa Ltda. communicated their decision to the company to acquire the total shares of their pro rata, equivalent to 25.58% of the new shares. Thus, 84.86% of the new shares have already been assigned.

The company reported that the Preferential Option Period for shareholders registered as of 22 June will remain open until 27 July.