Baar, Switzerland, 2 October 2019 – By decision dated 12 September 2019, the High Court of the Canton of Zug cancelled all publicly held registered shares of CEVA Logistics AG ("CEVA") with a par value of CHF 0.10 each based on article 137 of the Federal Act on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading. The decision has become effective on 18 September 2019.
The remaining minority shareholders of the cancelled shares will be paid a cash compensation in the amount of CHF 30.00 for each cancelled share, corresponding to the offer price paid by CMA CGM S.A. in its public tender offer for all publicly held shares of CEVA. The settlement and payment of the compensation to the remaining minority shareholders of CEVA is scheduled to take place on or around 14 October 2019.
By decision dated 27 September 2019, SIX Exchange Regulation definitely approved the delisting of the registered shares of CEVA form SIX Swiss Exchange as of 10 October 2019. The last trading day of the registered shares of CEVA will be 9 October 2019.