Tous Actualités
Suivre
Abonner swissfirst AG

swissfirst AG

euro adhoc: Swissfirst AG
other
Integration process progressing more quickly than planned

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
31.10.2005
- Integration process for Bellevue Group/swissfirst Group progressing
more    quickly than planned; consolidation as early as 1 October
2005 - Thanks to the successful placement of a CHF bond on the Swiss
capital market,    no capital increase will be required, obviating
the need for an extraordinary    general meeting - Possible legal
action by a swissfirst shareholder in connection with the    Bellevue
Group/swissfirst Group merger
On 12 September 2005, the Zug-based swissfirst Group, which is listed
on the SWX Swiss Exchange, and the Küsnacht-based Bellevue Group
announced that they were to merge. The integration process is
progressing more quickly than planned. swissfirst Group raised the
cash required for the transaction via a 2 1/8% CHF-denominated bond
with a volume of CHF 150 million issued by swissfirst Bank AG,
Zurich, the lead managers being Basler Kantonalbank, Bayerischen
Hypo- und Vereinsbank AG and Bank am Bellevue. Given that this
placement was a success, a capital increase will no longer be
required in connection with the transaction. This obviates the need
for an extraordinary general meeting. The designated members of the
Board of Directors - Martin Bisang, Daniel Schlatter and Thomas
Matter - will be proposed to the shareholders at the ordinary general
meeting on 6 May 2006. The existing Board of Directors will step down
as of this date.
A shareholder intends to take legal action in connection with the
merger between Bellevue and swissfirst Group and a related share
transaction. swissfirst sees no legal basis for this, given that both
the relevant transaction and the procedure were reviewed by highly
respected legal experts and found to be legal. Furthermore, the
pertinent authorities were informed about the transaction in good
time.
The 3Q05 figures of swissfirst AG will be published as planned on 25
November 2005, with a subsequent meeting for investors.
swissfirst is an independent financial group listed on the SWX Swiss
Exchange that specializes in investment banking, private banking and
asset management. Its business operations are especially geared
toward portfolio management and investment advisory services for
private and institutional clients and toward the corporate finance
business. swissfirst is focused on the Swiss market, Swiss products
and Swiss know-how.
end of announcement                               euro adhoc 31.10.2005 16:30:00

Further inquiry note:

Contact
swissfirst Group press office
c/o Richterich & Partner, Christoph Richterich
Tel. +41 (43) 499 50 00
E-mail: christoph.richterich@richterich-partner.ch

Branche: Banking
ISIN: CH0003376818
WKN: 929068
Index: SPI
Börsen: SWX Swiss Exchange / official market

Plus de actualités: swissfirst AG
Plus de actualités: swissfirst AG