2014-04-15
Shareholder pooling agreement to be terminated
The majority of shares of Mikron Holding AG have been held by a group of investors since 2003. The group of investors, consisting of Ammann Group Holding AG (Berne), Mr Rudolf Maag (Binningen), Tegula AG (Zurich), Personalfürsorgestiftung Rieter AG (Winterthur) and Corporate Investment Management Affentranger Holding AG (Zug), holds approximately 70% of the shares of Mikron Holding AG. This group has stood by Mikron in difficult economic times, and played a key role in the balance sheet restructuring of the Mikron Group 11 years ago. The group of investors undertook a commitment at that time which took the form of a shareholder pooling agreement. This agreement was extended in both 2011 and 2013. The group has now obviously the jointly developed intention to terminate the agreement.
Ammann Group Holding AG, the largest shareholder in the group of investors, has obtained a ruling from the Swiss Takeover Board (TOB). According to this ruling, the termination of the shareholder pooling agreement will not oblige Ammann Group Holding AG to submit a share purchase offer to all shareholders. However, shareholders holding more than 3% of the voting rights may lodge an objection in the five stock exchange trading days following the publication of the Mikron Board of Directors' response to the decision.
Mikron Holding AG is expecting the shareholder pooling agreement to be terminated once this deadline has passed. It welcomes this development, as it should have a positive impact on the liquidity of the shares.The core group of investors will retain their holding in Mikron. The Mikron Group is now back on a growth trajectory and remains very robustly financed.
Contact
Mikron Management AG, Martin Blom, CFO Mikron Group
Phone +41 62 916 69 60, ir.mma@mikron.com
Download Media Release and Board of Directors' response
Investor Relations Calendar of Events
22 July 2014, 07.00 a.m. – Media release: Semiannual results 2014
22 January 2015, 7.00 a.m. – Media release: Preliminary volume figures for 2014
9 March 2015, 7.00 a.m. – Media release: Publication of the 2014 Annual Report
9 March 2015, 10.00 a.m. – Press Conference and Conference for Financial Analysts
16 April 2015, 4.00 p.m. – Annual General Meeting 2015
Except for the historical information contained herein, the statements in this media release are forward-looking statements that involve risks and uncertainties.
Mikron® is a trademark of Mikron Holding AG, Biel (Switzerland).
Brief profile of the Mikron Group
The Mikron Group markets machining and automation solutions, enabling customers around the world to master their precision manufacturing processes. Rooted in a culture of Swiss innovation, Mikron is a leading supplier to the automotive, medical devices, pharmaceutical, consumer goods, writing instruments and watch-making industries. The two divisions, Mikron Automation and Mikron Machining, are based in Boudry and Agno, Switzerland, with additional production facilities in Germany, Singapore, China and the United States. The Mikron Group employs approximately 1100 people who work to provide Mikron customers with an experience that reflects over 100 years of leadership in high-performance and high-precision production. Mikron Holding AG is listed on SIX Swiss Exchange (MIKN).