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.
For additional information please contact:
SVP Investor Relations
+41 41 547 0048
CEVA - Making business flow
CEVA Logistics, a global asset-light third-party logistics company, designs and operates industry leading supply-chain solutions for large and medium-size national and multinational companies. Its integrated network in Freight Management and Contract Logistics spans more than 160 countries. Approximately 58,000 employees are dedicated to delivering effective solutions across a variety of industry sectors where CEVA applies its operational expertise to provide best-in-class services. CEVA generated revenue of USD 7.4 billion and adjusted EBITDA of USD 260 million in 2018. CEVA Logistics is listed on SIX Swiss Exchange under ticker symbol CEVA. For more information, please visit www.cevalogistics.com.