Bli medlem
Bli medlem

Du är här

2015-03-25

Nationale Suisse: Delisting of Nationale Suisse shares

Nationale Suisse / Delisting of Nationale Suisse shares. Processed and
transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely
responsible for the content of this announcement.
The Cantonal Court of Appeal of Basel-Stadt has declared the shares in
Nationale Suisse that are not held by Helvetia to be invalid. Based on this
judgement and the delisting decision of SIX Exchange Regulation, all
Nationale Suisse registered shares (NATN, Swiss security number 10.069.964)
will be delisted with effect from 7 April 2015. The final trading day for the
shares has been set for 2 April 2015.

As part of the public purchase and exchange offer submitted by Helvetia
Holding AG ("Helvetia"), St. Gallen, for all of the shares in Swiss National
Insurance Company Ltd ("Nationale Suisse"), Basel, Helvetia applied to the
Cantonal Court of Appeal of Basel-Stadt on 18 November 2014 to have the
remaining shares in the company declared invalid. The judgement handed down
by the Cantonal Court of Appeal of Basel-Stadt on 18 March 2015 is a final
and binding decision, which declares as invalid all shares in Nationale
Suisse which are not held either directly or indirectly by Helvetia in
accordance with the Swiss Stock Exchange Act.

Helvetia will grant compensation to the holders of the shares that have been
declared invalid. This compensation shall be equal to the amount of the offer
price as per the public purchase and exchange offer of 8 August 2014, i.e. a
cash component of CHF 52 and an equity component of 0.0680 Helvetia
registered shares per National Suisse share, to be paid out from 14 April
2015 onwards. The Helvetia shares allocated will carry the entitlement to
payment of a dividend for the 2014 financial year.

Based on the judgement of the Cantonal Court of Appeal of Basel-Stadt and in
accordance with the delisting decision of SIX Exchange Regulation of 18
December 2014, Nationale Suisse has notified the Stock Exchange of the last
trading day and the delisting date. All Nationale Suisse registered shares,
with a nominal value of CHF 0.40 each (NATN, Swiss security number
10.069.964), will be delisted from the Main Standard of SIX Swiss Exchange
Ltd on 7 April 2015. The final trading day for Nationale Suisse shares has
been set for 2 April 2015.

Brief profile
Nationale Suisse is an innovative and international Swiss insurance group
providing first-rate risk and pension solutions in non-life and life business
as well as tailored specialty lines products. Nationale Suisse has been part
of the Helvetia Group since October 2014. The plan is to integrate Nationale
Suisse fully into Helvetia. The consolidated gross premiums of Nationale
Suisse came to CHF 1.5 billion in 2013. The headquarters of Swiss National
Insurance Company Ltd are in Basel. On 30 June 2014, the Nationale Suisse
Group employed 1 903 staff (full-time equivalents).

-----------------------------------------------------------------
| Information |
| Christina Wahlstrand-Hartmann Nationale Suisse |
| Media Relations / Investor Relations Steinengraben 41 |
| Phone +41 61 275 28 11 4003 Basel |
| Fax +41 61 275 22 21 Switzerland |
| media.relations@nationalesuisse.com www.nationalesuisse.com |
-----------------------------------------------------------------

Disclaimer and exclusion of liability
The purpose of this press release is to inform the public about certain events
or developments arising from the company's business. The information
published in this article is not an advertisement, offer or recommendation to
engage in transactions involving securities or other products of Nationale
Suisse or any other type of transaction. This press release may contain
certain forward-looking statements. Even if these forward-looking statements
reflect the opinion and expectations of Nationale Suisse, a number of risks,
uncertainties and other important factors may lead to actual developments and
results differing strongly from the expectations of Nationale Suisse. It is
pointed out expressly that the statements and projections contained in this
press release are selective in nature. Nationale Suisse provides no
guarantee, either explicitly or implicitly, regarding the accuracy and
completeness of the statements and forecasts published in this press release.
Neither Nationale Suisse nor its executive bodies or senior managers accept
any liability for any damage or losses arising directly or indirectly from
the use of this press release. Unless otherwise provided by applicable
binding law Nationale Suisse is under no obligation to update or amend the
statements contained in this press release, be it in response to new
information, future events or any other reasons.

Updated post-publication information is available on our
websitewww.nationalesuisse.com. You may find further details and forecasts
about the business of Nationale Suisse there.

Press release
http://hugin.info/100296/R/1905781/678305.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: Nationale Suisse via Globenewswire

HUG#1905781

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.