Schindler will not participate in the next capital increase of Hyundai Elevator
As communicated earlier, Schindler Holding (“Schindler”) is opposed to the next capital increase of Hyundai Elevator (“Hyundai”) planned for February 2014. Accordingly, Schindler has decided not to participate in this capital increase and furthermore to sell its preemptive rights issued in connection therewith.
Schindler will organize a telephone conference for financial analysts and media on
February 07th, 2014 (at 10:00 am Swiss time; 18:00 Korea time) to further elaborate on its above decisions, as well as on its initial participation in Hyundai.
During this call, Schindler will explain in more details the two impairments required by IFRS, totaling CHF 219 million in fiscal year 2013.
In the telephone conference, Schindler will be represented by Alfred N. Schindler, Chairman, and Prof. Dr. K. Hofstetter, General Counsel and Member of the Board of Directors.
For information purposes: Preemptive rights are tradable entitlements of existing shareholders to participate in a capital increase in proportion to their current shareholding.
To participate in the conference call, please dial one of the following numbers: