Dietikon, Monday, February 27, 2012
The Axpo takeover of EGL is final: On 16 February, the Commercial Court of the Canton of Aargau declared the EGL shares (0.2%) still on the market as invalid. The verdict is expected to go into force tomorrow. Axpo is thereby the sole shareholder of EGL.
Based on Art. 33 of the Swiss Federal Stock Exchange and
Securities Trading Act (SESTA), Axpo Holding AG submitted a
declaration of invalidity to the Commercial Court of the
Canton of Aargau. On 16 February 2012, the court
approved the claim, and the remaining public EGL bearer
shares (security number: 328 822 / ISIN: CH0003288229 /
ticker symbol: EGL) were declared invalid. As a result, no
public EGL Annual General Meeting will take place on 30
March 2012. The owners of the invalid EGL shares will
receive cash compensation in the amount of CHF 850 per
bearer share with a par value of CHF 50. The compensation
amount corresponds to the price offered in Axpo's public
tender dated 27 June 2011.
Further information
Media Relations: Tel. +41 44 749 40 10, media.ch@egl.eu
Investor Relations: Tel. +41 44 749 44 27, investor.ch@egl.eu