Cancellation of the remaining publicly held Datacolor shares and delisting from the Swiss Stock Exchange as of April 19, 2024
April 11, 2024 at 12:03 am EDT
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Datacolor AG / Key word(s): Delisting
Cancellation of the remaining publicly held Datacolor shares and delisting from the Swiss Stock Exchange as of April 19, 2024
11-Apr-2024 / 06:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
Media Information
Ad hoc announcement pursuant to Art. 53 LR
Media Information (PDF)
The court of competent jurisdiction has approved the cancellation proceedings of Werner Dubach. Werner Dubach now holds 100 percent of Datacolor AG. The shares of Datacolor AG will be delisted from the SIX Swiss Exchange as of April 19, 2024.
The court of competent jurisdiction of the canton of Zug has declared the registered shares of Datacolor AG still held by the public with a par value of CHF 1.00 each ("Datacolor shares") to be cancelled. The court decision became final and enforceable on April 3, 2024.
The holders of the cancelled Datacolor shares will receive a cash settlement determined in reference to the public tender offer of Werner Dubach of July 27, 2023 (pre-announced on July 3, 2023) to purchase all publicly-held shares of Datacolor AG in the amount of the offer price of CHF 760.00 net per share. Werner Dubach had initiated the corresponding cancellation of the remaining publicly held Datacolor shares on November 6, 2023.
SIX Exchange Regulation AG has now set the last trading day of Datacolor shares as April 18, 2024 by decision dated April 9, 2024. The Datacolor shares will be delisted as of April 19, 2024.
Rotkreuz, April 11, 2024
For further information
Dr. Jvo Grundler
T +41 79 509 17 83 I jvo.grundler@bratschi.ch
About Datacolor Datacolor, a global leader in color management solutions, provides software, instruments and services to assure accurate color of materials, products and images. The world's leading brands, manufacturers and creative professionals have used Datacolor's innovative solutions to consistently achieve the right color for over 50 years. The company provides sales, service and support in over 100 countries throughout Europe, the Americas and Asia. Datacolor’s customers stem from textile and apparel, paint and coatings, and plastics industries as well as the growing consumer market. For more information visit www.datacolor.com.
Forward-looking statements
This media release contains forward-looking statements. Forward-looking statements comprise information that is not historical in nature or which refers to future events and is therefore subject to risks and uncertainties. It is not possible to provide any guarantee that the transactions described here will be completed or that the final conditions of these transactions will be fulfilled. Werner Dubach and Datacolor are not obliged to publicly update or revise forward-looking statements, either as a result of new information or future events or for other reasons.
Datacolor AG is a Switzerland-based company engaged in the provision of solutions for color measurement, management, communication and calibration. The Company operates a sales, services and support network in a number of countries throughout Europe, the North and South America and Asia, along with worldwide operation and production facilities. Datacolor AG offers imaging color solutions (Spyder products) such as Spyder4, SpyderLENSCAL, SpyderCUBE and SpyderPRINT, as well as industrial color solutions thought its Datacolor Viepoint product for capturing color-accurate product images and controlling product quality in the supply chain. The Company serves customers in the apparel and textile, paint and coatings, automotive, plastics, photography, digital imaging, home theatre, ink, printing, paper and leather industries, among others. In June 2014, it acquired Media Logic SNC, a software provider for the Italian and European retail paint market including its distribution company.