Ad hoc announcement according to article 53 KR
Von Roll Holding AG: Cancellation of the remaining outstanding bearer shares of Von Roll Holding AG and delisting
Breitenbach (pta006/07.05.2024/07:00 UTC+2)
Breitenbach/Wesel, May 07th, 2024
Cancellation of the remaining outstanding bearer shares of Von Roll Holding AG and delisting from the SIX Swiss Exchange as of May 17, 2024
The competent court has approved the action of ELANTAS GmbH, an indirect wholly-owned subsidiary of ALTANA AG, for a declaration of invalidity. As a result, ELANTAS GmbH now holds 100 percent of Von Roll. The Von Roll shares will be delisted from the SIX Swiss Exchange on May 17, 2024.
In a ruling dated April 25, 2024, the competent court of the Canton of Solothurn declared the bearer shares of Von Roll Holding AG with a nominal value of CHF 0.10 each that are still in the public domain to be invalid. This ruling became legally binding on May 2, 2024.
The holders of the Von Roll shares declared null and void will receive a cash compensation in the amount of the offer price of 0.86 Swiss francs per share with reference to the public tender offer made by ELANTAS GmbH on September 8, 2023.
In a decision dated May 6, 2024, SIX Exchange Regulation AG set the last trading day for Von Roll shares as May 16, 2024. The Von Roll shares will be delisted on May 17, 2024.
About Von Roll Holding AG
Founded in 1823, Von Roll is one of the most traditional companies in Switzerland. In the course of the company's history, Von Roll has had to adapt several times to a changing market environment and has thus evolved from the largest Swiss steel and ironworks into a state-of-the-art industrial company that is helping to drive the energy transition.
Today, Von Roll is the global market leader for electrical insulation systems used in the largest wind turbines, develops high-performance technical materials for the next generation of batteries in the field of electromobility, and produces particularly environmentally friendly plastics for the aircraft industry. With 14 sites worldwide and around 1,000 employees, the Group supplies customers in more than 80 countries.
About ALTANA
ALTANA is a global leader in true specialty chemicals. The Group offers innovative, environmentally compatible solutions for coating manufacturers, paint and plastics processors, the printing and packaging industries, the cosmetics sector and the electrical and electronics industry. The product range includes additives, special coatings and adhesives, effect pigments, sealants and compounds, impregnating resins and varnishes, and testing and measuring instruments. ALTANA's four divisions, BYK, ECKART, ELANTAS, and ACTEGA, all occupy a leading position in their target markets with respect to quality, product solution expertise, innovation, and service.
Headquartered in Wesel, Germany, the ALTANA Group has 48 production sites and 63 service and research laboratories worldwide. Throughout the Group more than 7,000 people work to ensure the worldwide success of ALTANA. In 2022, ALTANA achieved sales of more than 3 billion euros. Around 7 percent of sales are invested in research and development every year. Its high earning power and high growth rate make ALTANA one of the most innovative, fastest growing, and profitable chemical companies in the world.
About ELANTAS
ELANTAS, a company of ALTANA AG, produces protective materials and liquid insulating materials for the electrical and electronics industry. The products are used, for example, in electric motors, household appliances, cars, generators, wind turbines, transformers, capacitors, lights, and sensors, and support product developers in building ever smaller and more powerful electrical and electronic devices, thus saving material as well as energy. At the same time, the products help to extend the life cycle of electrical and electronic components. ELANTAS is represented by twelve manufacturing companies in all major regions worldwide and employed a total of 1,083 people in 2022.
Press contact:
Andrea Neumann
press@altana.com
+49 281 670-10300
* This media release contains information based on the current state of knowledge. Unforeseeable risks and influences may cause deviations from the statements made. For more detailed information on the company and its business performance, please refer to the annual report and the half-year report of Von Roll Holding AG. These can be downloaded digitally at https://www.vonroll.com/.
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Emitter: |
Von Roll Holding AG Passwangstrasse 20 4226 Breitenbach Switzerland |
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Contact Person: | Andrea Neumann | |
Phone: | +49 281 670-10300 | |
E-Mail: | press@altana.com | |
Website: | www.vonroll.com | |
ISIN(s): | CH0003245351 (Share) | |
Stock Exchange(s): | SIX Swiss Exchange; Free Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart, Tradegate |