Ad hoc announcement pursuant to Art. 53 LR
Zurich Switzerland, September 18, 2024
Cancellation of remaining publicly held registered shares of Crealogix Holding AG and suspension of trading
SIX Exchange Regulation AG determines last trading day and delisting date
Crealogix Holding AG (Crealogix) announced today that the Commercial Court of the Canton of Zurich has cancelled (kraftlos erklärt) all remaining publicly held registered shares of Crealogix with a nominal value of CHF 8.00 each (each a "Crealogix Share"). The Commercial Court's decision has become legally effective (rechtskräftig) and is published in the Swiss Official Gazette of Commerce (Schweizerisches Handelsamtsblatt; SHAB) and in the Neue Zürcher Zeitung by the Commercial Court.
Crealogix further announced today that SIX Exchange Regulation AG has determined the last trading day and the delisting date of the Crealogix Shares on and from the SIX Swiss Exchange as follows:
Last trading day: 7 November 2024
Delisting date: 8 November 2024
As a result of the cancellation of the remaining publicly held Crealogix Shares by the Commercial Court, each holder of cancelled Crealogix Shares is entitled to a compensation of CHF 60 in cash per cancelled Crealogix Share. The envisaged date for the payment of this compensation against delivery of the cancelled Crealogix Shares is 25 September 2024. In connection with the payment of this compensation, trading in Crealogix Shares on the SIX Swiss Exchange is envisaged to be suspended on the following dates: 23 September 2024, 24 September 2024, and 25 September 2024.
Media Contacts:
CREALOGIX:
Dirk Leuenberger
Head of Accounting, Reporting & Treasury
dirk.leuenberger@crealogix.com
VENCORA:
Jonathan Denbok
Chief Marketing & Strategy Officer
jonathan.denbok@vencora.com
About CREALOGIX
CREALOGIX is a global leader in digital banking technology and a Swiss Fintech 100 company. For 25 years now, CREALOGIX has partnered with some of the world’s leading banks and wealth management firms. CREALOGIX provides them with in-depth sector expertise and innovative technology.
For more information, visit crealogix.com
About VENCORA
As an operating group of Constellation Software Inc. and headquartered in Toronto, VENCORA acquires, strengthens and grows vertical market technology companies in the banking, insurance and financial services sector. VENCORA has a presence in 70 geographies with 15 collaborative brands, 1,300+ employees and 1,800+ clients across banking and insurance industries. At VENCORA, we build legends and preserve legacies. VENCORA provides new acquisitions with business opportunities and the resources to pursue them. We are focused on bringing together a strong family of software businesses in the area of financial services in order for them to grow and continue serving the best interests of their customers and employees. VENCORA is all about strengthening businesses within the markets they compete in and enabling them to grow – whether that growth comes through organic measures such as new initiatives and product development, day-to-day business, or through complementary acquisitions.
For more information, visit vencora.com
Forward-Looking Statements
This announcement may contain statements that constitute forward-looking statements. The words “anticipate”, “believe”, “expect”, "estimate", "aim", “project”, “forecast”, “estimate”, "risk", “likely”, “intend”, “outlook”, “should”, “could”, "would", “may”, "will", "continue", "plan", "probability", "indicative", "seek", “target”, “plan” and other similar expressions are intended to identify forward-looking statements.
Any such statements, opinions and estimates in this announcement speak only as of the date hereof and are based on assumptions and contingencies subject to change without notice, as are statements about market and industry trends, projections, guidance and estimates. Forward-looking statements are provided as a general guide only. The forward-looking statements in this announcement are not indications, guarantees or predictions of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Vencora UK Limited and CREALOGIX and their officers, employees, agents and advisors, and may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct, and may cause actual results to differ materially from those expressed or implied in such statements. You are strongly cautioned not to place undue reliance on forward-looking statements.
This announcement is not a financial product or investment advice, a recommendation to acquire or sell securities or accounting, legal or tax advice. It does not constitute an invitation or
offer to apply for securities. It has been prepared without taking into account the objectives, financial or tax situation or needs of individuals. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial and tax situation and needs and seek legal and taxation advice appropriate for their jurisdiction. Vencora UK Limited and CREALOGIX are not licensed to provide financial product advice in respect of an investment in securities.
