Schindler Holding AG has applied for an exemption from the rules of art. 55b Abs. 1 lit. c of the Stock Exchange Ordinance (permitted daily volume) with respect to its ongoing repurchase program (see announcement of 3 January 2013) from the Takeover Board.
The Takeover Board partially approved Schindler's request with its decision 525/02 dated 19 March 2015 and authorized an increase of the daily volumes from a current maximum of 6 031 to a new maximum of 10 088 registered shares (Schindler shares) as well as from a current maximum of 19 833 to a new maximum of 30 170 bearer participation certificates (Schindler BPC). The decision can be viewed on the website of the Takeover Board (www.takeover.ch).
Order of the Takeover Board:
Schindler Holding AG may repurchase a maximum of 10 088 Schindler shares and 30 170 Schindler BPC per trading day within the limits of the ongoing repurchase program after a waiting period of 10 trading days after publication of this decision.
Schindler Holding AG is required to publish an announcement to inform the market about the approval of the higher daily volumes within the limits of the ongoing repurchase program, this order and the right to appeal of a qualified shareholder.
This decision will be made public on the Swiss Takeover Board’s website on the date of publication by Schindler Holding AG of the announcement as per sec. 2 of this decision.
The fee payable by Schindler Holding AG amounts to CHF 25 000.
Right to appeal
Objection (Article 58 of the Swiss Takeover Board Ordinance SR 954.195.1):
A shareholder holding at least 3 percent of the voting rights in the target company, irrespective of whether they are exercisable or not (a qualified shareholder, article 56 of the Swiss Takeover Board Ordinance) and who has not yet participated in the proceedings, may file an objection against this decision.
The objection must be filed with the Swiss Takeover Board (Selnaustrasse 30, Postfach, CH-8021 Zürich, email@example.com, telefax: +41 58 499 22 91) within 5 trading days after the publication of the above order in the newspapers. The period starts on the first trading day after the publication. The objection must contain a request, a summary justification and evidence regarding the shareholding pursuant to Article 56 of the Swiss Takeover Board Ordinance.
This announcement does not constitute an issuing prospectus within the meaning of Article 652a and 1156 of the Swiss Code of Obligations.
This offer is not being and will not be made, directly or indirectly, in the United States of America and/or to US persons and may be accepted only by Non-US persons and outside the United States of America. Accordingly, copies of this document and any related materials are not being, and may not be, sent or otherwise distributed in or into or from the United States of America, and persons receiving any such documents (including custodians, nominees and trustees) may not distribute or send them in, into or from the United States of America.
Further information is available on www.schindler.com and the transactions in own shares in particular are published under www.schindler.com – Investor Relations – Share Information (see link below).