BASEL, Switzerland--(BUSINESS WIRE)--
Syngenta has today announced that the Appellate Court Basel-City (Appellationsgericht Basel-Stadt) has cancelled all publicly held registered shares of Syngenta AG.
Following the delisting of the Syngenta shares from the SIX Swiss Exchange, holders of cancelled shares will be paid a cash compensation in the amount of USD 465 for each cancelled share. This amount corresponds to the offer price that had been paid by CNAC Saturn (NL) B.V. in its public tender offer for all publicly held registered shares of Syngenta AG.
SIX Exchange Regulation had already approved the delisting of the Syngenta shares from SIX Swiss Exchange on October 26, 2017, subject to the decision of the Appellate Court.
The official announcement of the delisting and the last trading day will be published by Syngenta as required by applicable rules.
About Syngenta
Syngenta is a leading agriculture company
helping to improve global food security by enabling millions of farmers
to make better use of available resources. Through world class science
and innovative crop solutions, our 28,000 people in over 90 countries
are working to transform how crops are grown. We are committed to
rescuing land from degradation, enhancing biodiversity and revitalizing
rural communities. To learn more visit www.syngenta.com
and www.goodgrowthplan.com.
Follow us on Twitter® at www.twitter.com/Syngenta.
Cautionary statement regarding forward-looking statements
Some
of the statements contained in this press release are forward-looking
statements. These statements are based on current expectations,
assumptions, estimates and projections, and involve known and unknown
risks, uncertainties and other factors that may cause results, levels of
activity, performance or achievements to be materially different from
any forward-looking statements. These statements are generally
identified by words or phrases such as "believe", "anticipate",
"expect", "intend", "plan", "will", "may", "should", "estimate",
"predict", "potential", "continue" or the negative of such terms or
other similar expressions. If underlying assumptions prove inaccurate or
unknown risks or uncertainties materialize, actual results and the
timing of events may differ materially from the results and/or timing
discussed in the forward-looking statements, and you should not place
undue reliance on these statements. Syngenta disclaims any intent or
obligation to update any forward-looking statements as a result of
developments occurring after the period covered by this press release or
otherwise.
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