Cancellation of publicly held gategroup shares and delisting from SIX Swiss Exchange as of April 27, 2017
ZURICH, April 19, 2017
By decision dated April 6, 2017, the Commercial Court of the Canton of Zurich cancelled all registered shares of gategroup Holding AG not directly or indirectly held by HNA Aviation (Hong Kong) Air Catering Holding Co., Ltd., Hong Kong ("Offeror") based on article 137 of the Financial Market Infrastructure Act.
Holders of cancelled shares will be paid cash compensation in the amount of CHF 53 for each cancelled share, corresponding to the offer price paid by the Offeror in its public tender offer for all publicly held shares of gategroup Holding AG.
By decision dated April 18, 2017, SIX Exchange Regulation definitively approved the delisting of the registered shares of gategroup Holding AG from SIX Swiss Exchange as of April 27, 2017. The last trading day of the registered shares of gategroup Holding AG will be April 26, 2017.
gategroup is a leading global provider of products, services and solutions relating to a passenger’s onboard experience. It specializes in catering and hospitality; provisioning and logistics; and onboard products and services to companies that serve people on the move. In 2015, gategroup achieved a total revenue of CHF3.0 billion. The company currently employs 43,000 people worldwide. For further information: www.gategroup.com
This publication contains forward-looking statements and other statements that are not historical facts. The words “believe”, “anticipate”, “plan”, “expect”, “project”, “estimate”, “predict”, “intend”, “target”, “assume”, “may”, “will” “could” and similar expression are intended to identify such forward-looking statements. Such statements are made on the basis of assumptions and expectations that we believe to be reasonable as of the date of this publication but may prove to be erroneous and are subject to a variety of significant uncertainties that could cause actual results to differ materially from those expressed in forward-looking statements. Among these factors are changes in overall economic conditions, changes in demand for our products, changes in the demand for, or price of, oil, risk of terrorism, war, geopolitical or other exogenous shocks to the airline sector, risks of increased competition, manufacturing and product development risks, loss of key customers, changes in government regulations, foreign and domestic political and legislative risks, risks associated with foreign operations and foreign currency exchange rates and controls, strikes, embargoes, weather-related risks and other risks and uncertainties. We therefore caution investors and prospective investors against relying on any of these forward-looking statements. We assume no obligation to update forward-looking statements or to update the reasons for which actual results could differ materially from those anticipated in such forward-looking statements, except as required by law.
Note: In the event of any discrepancy or inconsistency between any translated versions of this publication, the English version shall prevail.