Julius Baer redeems preferred securities
Zurich/Guernsey, 20 November 2015 - Julius Baer has announced that it will redeem all of the outstanding Non-cumulative Guaranteed Perpetual Preferred Securities with a liquidation preference amount of CHF 225 per security (the 'Preferred Securities') on 2 December 2015, at a redemption price of CHF 225 per Preferred Security plus an amount equal to unpaid dividends thereon in respect of the current dividend period accrued on a daily basis to (but excluding) 2 December 2015. The total of one million Preferred Securities, which are not Basel III-compliant, was issued in December 2005 in connection with the acquisition of the SBC Wealth Management Group (UBS Private Banks and GAM) by the former Julius Baer Holding Ltd. The obligations related thereto were assumed by Julius Baer Group Ltd. in 2009.
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