1611 Transaction with ALSO exchangealble bonds completed | Schindler Group

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Schindler successfully completes transaction with ALSO exchangeable bonds

29.05.2017

Contacts

For media:
Press Office
Tel. +41 41 445 30 60
corporate.communications@schindler.com

For investors & analysts:
Marco Knuchel
Head Investor Relations
Tel. +41 41 445 30 61
investor.relations@schindler.com

On May 29, 2013, Schindler Holding Ltd. (“Schindler”) issued exchangeable bonds that could be exchanged for registered shares of ALSO Holding AG (“ALSO”). The total issue size was CHF 218 million. The conversion period ended on May 26, 2017. During the term of four years, 99.99% of the bonds were exchanged and Schindler’s participation in ALSO was subsequently reduced to almost zero. As a result, the transaction has been successfully completed for all parties involved.

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