
Exemption from conditions for maintaining listing and approval of delisting of Valora Shares
Valora Holding AG / Key word(s): Miscellaneous
On 26 July 2022, Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) published the offer prospectus for a public tender offer by FEMSA’s wholly owned subsidiary Impulsora de Marcas e Intangibles, S.A. de C.V., Monterrey, Mexico (“Offeror”) for all publicly held registered shares with a nominal value of CHF 1.00 each of Valora Holding AG (“Valora”) (“Valora Shares”) at an offer price of CHF 260.00 net in cash for each Valora Share.
On 2 November 2022, Valora applied for an exemption from certain obligations for maintaining its listing and for the delisting of the Valora Shares from SIX Swiss Exchange effective from a date to be determined after the final judgment regarding the cancellation of the Valora Shares which, after completion of the takeover proceedings, remain publicly held, is available.
On 30 November 2022, SIX Exchange Regulation (“SER”) approved the request of Valora to delist the Valora Shares. The last trading day for the Valora Shares and the date of the delisting will be determined after the final judgement in the cancellation proceedings according to article 137 of the Swiss Financial Market Infrastructure Act with regard to the remaining publicly held Valora Shares is available. The cancellation proceedings were initiated by the Offeror on 1 November 2022.
Also on 30 November 2022, SER granted Valora several temporary exemptions from the obligations for maintaining its listing. The content and duration of the exemptions granted are contained in the following part of the decision by SER which has been reproduced verbatim. The exemptions come into force as of the release of this ad hoc announcement.
Sections I through III of the decision of SER read as follows:
Should one of the above listed events (lit. a - lit. d) (Lifting Events) occur before the expiration of the best price rule period, all exemptions granted in para. I will automatically and immediately be lifted after the expiration of the best price rule period, i.e. 30 March 2023. This ad hoc announcement is available online at www.valora.com/newsroom. About Valora More information is available at www.valora.com. If you have any questions, please do not hesitate to contact:
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1502369 01-Dec-2022 CET/CEST