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Competition authorities grant clearance for combination of Komax and Schleuniger

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KOMAX Holding AG / Key word(s): Merger

27-Jul-2022 / 06:30 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

Dierikon, 27 July 2022

Media release
Ad hoc announcement pursuant to Art. 53 LR

Komax Holding AG has received clearance from the relevant competition authorities for the combination with Schleuniger AG. Closing of the combination and the associated capital increase will take place at the end of August 2022.

Nothing now stands in the way of the combination of Komax Holding AG and Schleuniger AG announced on 9 February 2022: The relevant competition authorities have granted clearance. The next steps will be the closing of the combination on 30 August 2022 and the implementation of the associated capital increase, which was approved by the Annual General Meeting on 13 April 2022. The 1,283,333 newly issued registered shares will be allocated to Metall Zug AG in exchange for 100% of the Schleuniger shares and traded for the first time on the SIX Swiss Exchange on 31 August 2022. Metall Zug AG, the current owner of Schleuniger AG, will then hold a 25% stake in Komax Holding AG. Consolidation of the Schleuniger Group will take place from 1 September 2022.

Implementation of the capital increase will make two further proposals approved by the Annual General Meeting effective from 30 August 2022: Dr. Jürg Werner will become a member of the Board of Directors of Komax Holding AG and the existing restrictions on registration and voting rights (15%) for Komax Holding AG shares will be abolished without replacement.

Media release (PDF)

Contact
Roger Müller
Vice President Investor Relations / Corporate Communications
Phone +41 41 455 06 16
roger.mueller@komaxgroup.com

Komax is a globally active technology company that focuses on markets in the automation sector. As a leading manufacturer of innovative and high-quality solutions for the wire processing industry, the Komax Group helps its customers implement economical and safe manufacturing processes, especially in the automotive supply sector. The Komax Group employs more than 2100 people worldwide and provides sales and service support via subsidiaries and independent agents in more than 60 countries.

Komax News Portal
Topics and insights from the world of automated wire processing: https://newsportal.komaxgroup.com/en

Komax Holding AG, Industriestrasse 6, 6036 Dierikon, Switzerland
Phone +41 41 455 04 55, komaxgroup.com


End of ad hoc announcement

Language:

English

Company:

KOMAX Holding AG

Industriestrasse 6

6036 Dierikon

Switzerland

ISIN:

CH0010702154

Valor:

907324

Listed:

SIX Swiss Exchange

EQS News ID:

1406493


 

End of Announcement

EQS News Service

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