31.10.2017 07:00:43
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Press Release: Cancellation of publicly held Actelion shares and delisting from SIX Swiss Exchange as of November 7, 2017
Actelion Pharmaceuticals Ltd / Cancellation of publicly held Actelion
shares and delisting from SIX Swiss Exchange as of November 7, 2017.
Processed and transmitted by Nasdaq Corporate Solutions. The issuer is
solely responsible for the content of this announcement.
ALLSCHWIL/BASEL, SWITZERLAND - October 31, 2017 - By decision dated
October 25, 2017, the Cantonal Court of the Canton of Basel-Landschaft
cancelled all publicly held registered shares of Actelion Ltd (Actelion)
with a nominal value of CHF 0.50 each (the Actelion Shares) based on
article 137 of the Federal Act on Financial Market Infrastructures and
Market Conduct in Securities and Derivatives Trading (Financial Market
Infrastructure Act).
The holders of the cancelled Actelion Shares will be paid a cash
compensation in the amount of USD 280 for each cancelled Actelion Share,
corresponding to the offer price paid by Janssen Holding GmbH, an
indirect subsidiary of Johnson & Johnson, in its public tender offer for
all publicly held Actelion Shares. The settlement and payment of the
compensation to the remaining minority shareholders of Actelion will
take place on or around November 10, 2017.
By decision dated April 18, 2017, SIX Exchange Regulation approved the
delisting of the Actelion Shares from SIX Swiss Exchange. By decision
dated October 30, 2017, SIX Exchange Regulation determined that the last
day of trading of the Actelion Shares will be November 6, 2017 and that
the Actelion Shares will be delisted from SIX Swiss Exchange on November
7, 2017.
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NOTES TO EDITORS
About Johnson & Johnson
Caring for the world, one person at a time, inspires and unites the
people of Johnson & Johnson. We embrace research and science - bringing
innovative ideas, products and services to advance the health and
well-being of people. Our approximately 130,800 employees at more than
250 Johnson & Johnson operating companies work with partners in health
care to touch the lives of over a billion people every day, throughout
the world.
About the Janssen Pharmaceutical Companies of Johnson & Johnson
At the Janssen Pharmaceutical Companies of Johnson & Johnson, we are
working to create a world without disease. Transforming lives by finding
new and better ways to prevent, intercept, treat and cure disease
inspires us. We bring together the best minds and pursue the most
promising science. We are Janssen. We collaborate with the world for the
health of everyone in it. Learn more at www.janssen.com. Follow us at
www.twitter.com/JanssenUS and www.twitter.com/JanssenGlobal.
About Actelion Ltd
In June 2017, Actelion became part of the Janssen Pharmaceutical
Companies of Johnson & Johnson. Actelion's medicines help expand and
strengthen Janssen's portfolio with leading, differentiated in-market
medicines and promising late-stage compounds. Janssen has added
Pulmonary Hypertension as a therapeutic area of focus to maintain the
leadership position Actelion has built in this important disease area.
For further information please contact:
Investor Relations - Actelion Pharmaceuticals Ltd
+41 61 565 6565
www.actelion.com
NOTE TO INVESTORS CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements" as defined in
the Private Securities Litigation Reform Act of 1995 regarding the
acquisition of Actelion Ltd. The reader is cautioned not to rely on
these forward-looking statements. These statements are based on current
expectations of future events. If underlying assumptions prove
inaccurate or known or unknown risks or uncertainties materialize,
actual results could vary materially from the expectations and
projections of Johnson & Johnson. Risks and uncertainties include, but
are not limited to: risks and uncertainties related to the ability of
the Johnson & Johnson family of companies to successfully integrate the
products, employees/operations and clinical work of Actelion, as well as
the ability to ensure continued performance or market growth of
Actelion's products; the potential that the expected benefits and
opportunities of the transaction may not be realized or may take longer
to realize than expected; challenges inherent in product research and
development, including the uncertainty of clinical success and obtaining
regulatory approvals; uncertainty of commercial success for new and
existing products; competition, including technological advances, new
products and patents attained by competitors; adverse litigation or
government action; challenges to patents; changes to applicable laws and
regulations, including domestic and foreign health care reforms; changes
in behavior and spending patterns or financial distress of purchasers of
health care products and services; manufacturing difficulties and
delays; product efficacy or safety concerns resulting in product recalls
or regulatory action; and trends toward health care cost containment. A
further list and description of these risks, uncertainties and other
factors and the general risks associated with the respective businesses
of Johnson & Johnson and Actelion can be found in Johnson & Johnson's
publicly available filings with the U.S. Securities and Exchange
Commission, and Actelion's publicly available filings on its website.
Copies of these filings, as well as subsequent filings, are available
online at www.sec.gov, www.jnj.com, www.actelion.com or on request from
Johnson & Johnson. Johnson & Johnson does not undertake to update any
forward-looking statement as a result of new information or future
events or developments.
Press Release PDF : http://hugin.info/131801/R/2145789/822634.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq 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: Actelion Pharmaceuticals Ltd via Globenewswire
--- End of Message ---
Actelion Pharmaceuticals Ltd
Gewerbestrasse 16 Allschwil Switzerland
ISIN: CH0010532478;
http://www.actelion.com
(END) Dow Jones Newswires
October 31, 2017 02:00 ET (06:00 GMT)
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