• SIX Swiss Exchange in Zurich. Photo: SIX Group


Artikel Nummer: 30393

Panalpina delists from SIX Swiss Exchange

Pursuant to its decision of 7 January 2020, the Appellate Court of the Canton of Basel-City has cancelled all registered shares of Panalpina with a nominal value of CHF 0.10 each which are not directly or indirectly held by DSV.


The former owners of the cancelled Panalpina shares will receive, by reference to DSV’s public exchange offer dated 13 May 2019, a compensation in the amount of 2.375 shares of DSV with a nominal value of DKK 1 (CHF 0.14) each (and cash payments in CHF for fractions), which corresponds to the exchange ratio of the public exchange offer.


US shareholders receive a cash compensation corresponding to the pro rata portion of the net cash proceeds of the sale in the open market at the prevailing prices by way of a vendor placement of all DSV shares such US shareholders would be entitled to.


In a ruling of 20 January 2020, SIX exchange regulation definitively approved the delisting of the Panalpina Shares from SIX Swiss exchange as of 28 January 2020. The last trading day of the Panalpina shares will be 27 January 2020. (mw)




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