Bli medlem
Bli medlem

Du är här

2015-04-14

Conzzeta AG: Spin-off of Plazza Immobilien business unit: Extraordinary General Meeting of Shareholders on June 22, 2015

Conzzeta AG / Conzzeta AG: Spin-off of Plazza Immobilien business unit:
Extraordinary GeneralMeeting of Shareholders on June 22, 2015 . Processed and
transmitted by NASDAQ OMX Corporate Solutions.The issuer is solely
responsible for the content of this announcement.
This press release or the information contained therein is not being issued
and may not be distributed in the United States of America, Canada, Australia
or Japan and does not constitute an offer of securities for sale in such
countries.

Zurich, April 14, 2015. - Conzzeta AG's Board of Directors confirmed today the
proposal to spin off the Real Estate business unit; the unit will be
incorporated in Plazza AG, which is to be newly formed. At the same time, the
Conzzeta shares will be split in a ratio of 1:4. Conzzeta's Board of
Directors has fixed June 22, 2015 as the date for the Extraordinary General
Meeting of Shareholders. The invitation and agenda of the General Meeting as
well as further documents will be sent out on April 21. It is the common
intent of the Conzzeta Board of Directors and the future Plazza Board to list
Plazza's 'category A' registered share on the SIX Swiss Exchange.

The Conzzeta Board of Directors is proposing to the EGM that each shareholder
should receive, free of charge, four split Conzzeta shares as well as four
new shares in Plazza. Share allocation will take place within the same
category (registered share A and registered share B). The share capital of
Plazza AG is to be set at CHF 1035 million. The share capital of Conzzeta AG
is to be reduced by the same amount.

After the spin-off, Plazza AG's registered share A is to be listed and traded
on the SIX Swiss Exchange. The first trading day under the PLAN stock
exchange symbol is likely to be June 26, 2015. Plazza AG's registered share B
will be traded on the off-exchange trading platforn of the Zurich Cantonal
Bank.

All the nonoperating properties owned by Conzzeta are consolidated in the
Plazza Immobilien business unit. The proposed spin-off takes account of the
difference in character between the industrial activities and the real estate
business unit. The independently estimated market value at the end of 2014
was around CHF 462 million, not taking into account the related provisions
for deferred taxes amounting to some CHF 70 million. As part of the spin-off,
Plazza will be provided with an additional cash injection of CHF 100 million
(net) to further its expansion plans.

For further information please contact:
Christian Thalheimer, Head of Corporate Services
Phone +41 44 468 24 84
media@conzzeta.ch

Conzzeta is an internationally active Swiss industrial group with more than
3,300 employees worldwide. Its activities are in the areas of machinery
engineering, sporting goods, foam materials, graphic coatings, systems
engineering and real estate. Conzzeta's 'category A' registered shares are
listed on the SIX Swiss Exchange (SIX:CON).

Disclaimer

This publication constitutes neither an offer to sell nor a solicitation to
buy securities of Plazza and it does not constitute a prospectus within the
meaning of article 652a and/or 1156 of the Swiss Code of Obligations or a
listing prospectus within the meaning of the listing rules of the SIX Swiss
Exchange. An offer and listing will be made solely by means of, and on the
basis of, a securities prospectus which is to be published. An investment
decision regarding the securities of Plazza should only be made on the basis
of the securities prospectus.

This communication is directed only at persons (i) who are outside the United
Kingdom or (ii) who have professional experience in matters relating to
investments and who fall within article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order")
or (iii) who fall within article 49(2)(a) to (d) ("high net worth companies,
unincorporated associations etc.") of the Order (all such persons together
being referred to as "Relevant Persons"). Any investment or investment
activity to which this communication relates is available only to Relevant
Persons and will be engaged in only with Relevant Persons. Any person who is
not a Relevant Person must not act or rely on this communication or any of
its contents.

This communication is not for distribution in the United States, Canada,
Australia or Japan. This communication does not constitute an offer to sell,
or the solicitation of an offer to buy, securities in any jurisdiction in
which is unlawful to do so. In particular, this communication is not an offer
of securities for sale in the United States. Securities may not be offered or
sold in the United States absent registration under the Securities Act of
1933 or an exemption from registration. The securities referred to in this
communication have not been and will not be registered under the Securities
Act and will not be publicly offered or sold in the United States.

This communication does not constitute an "offer of securities to the public"
within the meaning of Directive 2003/71/EC of the European Union (the
"Prospectus Directive") of the securities referred to in it (the
"Securities") in any member state of the European Economic Area (the "EEA").
Any offers of the Securities to persons in the EEA will be made pursuant to
an exemption under the Prospectus Directive, as implemented in member states
of the EEA, from the requirement to produce a prospectus for offers of the
Securities.

The Media Release can be downloaded from the following link:

Media release (PDF)
http://hugin.info/100413/R/1910985/681670.pdf

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Conzzeta AG via Globenewswire

HUG#1910985

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.