Clap end for the shares of Edmond de Rothschild (Suisse) in the hands of the public
The delisting of the shares of the geneva private bank Edmond de Rothschild (Suisse) comes to an end. The justice of geneva has given its green light to the cancellation of the shares still in the hands of the public after the offer to repurchase the parent company, the holding company of Edmond de Rothschild.
The holders of these bearer shares formerly traded on the swiss stock Exchange will receive a compensation in cash, 15,500 francs per unit, accurate, on Thursday the banking group in geneva.
At the end of the public offer of purchase it’s been almost a year, Edmond de Rothschild held a 99.85 per cent of the voting rights and 99,59% of the share capital of its subsidiary. The listing of private banking in Switzerland dates back to 1987, first in the stock Exchange of Geneva, now defunct, and then on the SIX in Zurich. (AWP)