Delisting of Acino Holding AG after cancellation of all publicly held registered shares
Tuesday 7th January 2014
On December 20, 2013, SIX Swiss Exchange (SIX) approved Acino Holding AG’s request for the delisting of its registered shares. The delisting will take place once the decision of the Kantonsgericht (cantonal court) Basel- Landschaft in Liestal on the cancellation of all remaining publicly held registered shares will have come into legal force. The delisting is conditional upon the adherence of Acino Holding AG to certain disclosure requirements. In particular, Acino Holding AG is obliged to publish the date of the delisting at least five trading days in advance.
On December 23, 2013, SIX also exempted Acino Holding AG from certain disclosure obligations as outlined in the listing rules of SIX. These exemptions include the obligation to publish an Annual Report for the year 2013 including information on the company’s Corporate Governance, the obligation to publish ad hoc releases (ad hoc publicity), the obligation to disclose management transactions, the obligation to maintain a corporate calendar, and the obligation to disclose certain important business events.
The exemption was granted until the Best Price Rule expires (in accordance with Article 10 of the Ordinance of the Takeover Board on public takeover offers of August 21, 2009) in the context of the public tender offer of Pharma Strategy Partners GmbH, Aesch BL, for all publicly held registered shares of Acino Holding AG, i.e. presumably until June 5, 2014.