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01.02.2016 07:00:13
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EQS-Ad hoc: Jungfraubahn Holding AG (N)
EQS Group-Ad-hoc: Jungfraubahn Holding AG / Key word(s): Investment
Jungfraubahn Holding AG: Jungfrau Railway Group submitted a conversion and
purchase offer for holders of Harderbahn AG and BLM AG bearer shares
01.02.2016 / 07:00
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.
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Media Release Jungfraubahn Holding AG Monday, 1st February 2016
Jungfrau Railway Group submitted a conversion and purchase offer for
holders of Harderbahn AG and BLM AG bearer shares
To simplify its corporate structure, Jungfraubahn Holding AG wants to hold
its subsidiaries, Harderbahn AG and Bergbahn Lauterbrunnen-Mürren AG (BLM),
as 100% subsidiaries within the affiliated group. Following receipt by the
subsidiary executive boards of a second opinion on the takeover bid,
holders of bearer shares will today, 1 February 2016, be presented with a
conversion and purchase offer.
With the aim of simplifying administration, making better use of synergies
and avoiding the time-consuming registration requirements of holders of
bearer shares and the associated monitoring, Jungfraubahn Holding AG (JBH)
will streamline its corporate structure and with appropriate restructuring
measures, hold the Harderbahn AG and the BLM AG as 100%-owned subsidiaries.
Following advance information from the executive boards of Harderbahn AG
and BLM AG in December 2015 and the involvement of an independent body to
carry out an assessment in the form of a second opinion, the shareholders
will receive a purchase and conversion offer today, 1 February 2016.
Offer based on evaluation of the companies
The conversion ratios for both the Harderbahn AG and BLM AG were based on
company evaluations carried out by Gfeller & Partner AG, Bern. The
executive board members of each subsidiary confirmed the respective
conversion ratio after it had been verified by a second opinion from The
Corporate Finance Group AG, Bern.
The following offer applies to shareholders of the Harderbahn AG:
- Conversion of one bearer share HB nom. CHF 50 in 4 registered shares JBH
nom. CHF 1.50 or CHF 360 in cash.
For bearer shares HB nom. CHF 5, CHF 36 will be paid out in cash. The
following applies for the conversion of registered JBH shares nom. CHF 1.50
(JFN):
- For 3 HB nom. shares CHF 5: 1 JFN share and CHF 18 in cash
- For 5 HB nom. shares CHF 5: 2 JFN shares
- For 8 HB nom. shares CHF 5: 3 JFN shares and CHF 18 in cash
- For 10 HB nom. shares CHF 5: 4 JFN shares
- etc.
The following offer applies to shareholders of Bergbahn
Lauterbrunnen-Mürren AG:
- Conversion of one BLM bearer share into 2 registered JBH nom. shares CHF
1.50 or CHF 190 in cash.
The offer will remain valid until 4 March 2016
At the end of the offer period, Jungfraubahn Holding AG will convert its
tendered bearer shares of the Harderbahn and BLM to its own shares or
compensate them, regardless of the number. At the end of the conversion
period it will inform you of your new quota and make a decision on how to
proceed. The offer period will begin on 1 February 2016 and run until 4
March 2016. Jungfraubahn Holding AG reserves the right to extend the
conversion period.
With the takeover offer, the group is reacting to the new regulations for
the registration of ownership of bearer shares and taking this as an
opportunity to simplify the structure of the Jungfraubahn Group. The
proposed transaction will cost Jungfraubahn Holding AG around 2 million
Swiss francs.
The detailed purchase and conversion offer for shareholders of the
Harderbahn AG and Bergbahn Lauterbrunnen-Mürren AG as well as any other
related publications can be found at: www.jungfrau.ch/jbh-offer
Link to website:
http://www.jungfrau.ch/en/company/investment/ad-hoc/jbh/2016/
For questions:
Urs Kessler, CEO, Chairman of the Management Board
+41 (0)79 407 90 52
End of ad hoc announcement
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01.02.2016 News transmitted by EQS Schweiz AG. www.eqs.com - news archive:
http://switzerland.eqs.com/de/News
The issuer is responsible for the contents of the release.
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Language: English
Company: Jungfraubahn Holding AG
Harderstrasse 14
3800 Interlaken
Switzerland
Phone: +41 33 828 71 11
Fax: +41 33 828 72 64
E-mail: info@jungfrau.ch
Internet: www.jungfrau.ch
ISIN: CH0017875789
Valor: A0CACJ
Listed: Regulated Unofficial Market in Stuttgart; SIX
End of News EQS Group News Service
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433351 01.02.2016
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