The exemption was granted subject to the condition that Martin Haefner/BigPoint Holding AG must submit a mandatory offer for all listed equity securities of SCHMOLZ + BICKENBACH AG if their shareholding (directly, indirectly or in joint agreement with third parties) still exceeds the threshold of 331/3% of the voting rights in SCHMOLZ + BICKENBACH AG on December 31, 2024. This condition has been accepted by Martin Haefner/BigPoint Holding AG and their requirement in their commitment letter that an exemption from the takeover obligations be granted has been declared to be met.
The decision of FINMA was communicated to SCHMOLZ + BICKENBACH on Sunday. The company is pleased that FINMA has approved the appeal against the Swiss Takeover Board's decision. This will enable the major shareholders to participate in the recapitalization of the company as planned.
The Board of Directors of SCHMOLZ + BICKENBACH will adopt the schedule for the capital increase at its forthcoming meeting on December 9, 2019 and publish it promptly.
– END –
|