Cancellation of the remaining publicly held Valora shares and delisting from the Swiss stock exchange as of 17 April 2023

04.04.2023 / 07:00 / Ad hoc announcement pursuant to art. 53 LR, Shareholder

The court of competent jurisdiction has approved the cancellation proceeding of Fomento Económico Mexicano, S.A.B. de C.V., Monterrey, Mexico (“FEMSA”), carried out through Impulsora de Marcas e Intangibles, S.A. de C.V. Monterrey, Mexiko (“Impulsora”), a wholly-owned subsidiary of FEMSA. FEMSA thus now holds 100 percent of Valora Holding AG. The shares of Valora Holding AG will be delisted from SIX Swiss Exchange as of 17 April 2023.

The court of competent jurisdiction of the canton Basel-Landschaft has declared the registered shares of Valora Holding AG still held by the public with a nominal value of CHF 1.00 each (the “Valora Share”) to be cancelled. The ruling became final and enforceable on 29 March 2023. 

The holders of the cancelled Valora Shares will receive a cash settlement determined in reference to FEMSA’s public tender offer (carried out through Impulsora) of 26 July 2022 in the amount of the offer price of CHF 260.00 per share. FEMSA initiated the corresponding squeeze-out process at the beginning of November 2022.

SIX Exchange Regulation AG has now set the last trading day of the Valora Share as 14 April 2023 by decision dated 3 April 2023. The Valora Share will be delisted as of 17 April 2023.

This document contains forward-looking statements referring to topics that are not based on historical fact and cannot otherwise be proven by referring to past events. Forward-looking statements are based on our current expectations and assumptions and are subject to uncertainties as well as known and unknown risks. These uncertainties and risks, along with other factors, may mean that actual future events and developments, including Valora’s results, financial position and development, significantly deviate from what was explicitly or implicitly stated or assumed in the forward-looking statements. The information, opinions and forward-looking statements contained in this document only apply at the time of publication. Valora is not obligated to review or update forward-looking statements in light of new information or future developments or for any other reasons. This media release is not intended as a recommendation to buy securities.