ZURICH, Switzerland – 29th September 2017: Myriad Group AG (SIX Swiss Exchange: MYRN) today announces that SIX Swiss Exchange have approved the decision by the Board of Directors to delist the Company from SIX Swiss Exchange. SIX Swiss Exchange have confirmed that the final day of trading on the exchange will be Friday 27th April 2018. The shares will then be delisted on Monday 30th April 2018.
Rationale for Delisting
As announced on 27th July 2017, the Board of Directors have been carefully considering the advantages and disadvantages of delisting the Company from SIX Swiss Exchange. On 14th September 2017, the Board of Directors resolved that it is in the best interests of Myriad Group to delist the Company from SIX Swiss Exchange. The formal request was made to SIX Swiss Exchange on 14th September 2017.
The full rationale for delisting is explained in the published decision made by SIX Swiss Exchange, available at https://www.six-exchange-regulation.com/de/home/publications/notices.html.
Information for Shareholders
Once the shares have been delisted, it is the Board’s intention to facilitate a limited level of off-market trading of the Company’s shares, this would be conducted by an institution such as BZ Bank Ltd.