EANS-Adhoc: Bank Sarasin + Cie AG
Closing completed, new Sarasin board elected
and mandatory offer announced (with document)
Un document
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 31.07.2012 The closing of the sale of Rabobank's majority shareholding in Bank Sarasin & Co. Ltd to the Safra Group was completed on 31 July 2012. As a result of the closing, Safra now holds 50.15% of the share capital and 71.01% of the voting rights of Bank Sarasin. Following Safra's acquisition of the majority stake, Bank Sarasin will in the future be included in the scope of consolidation of J. Safra Holding AG, Basel. At the Extraordinary General Meeting (EGM) of Shareholders of Bank Sarasin & Co. Ltd in the afternoon of 31 July 2012, shareholders approved all the resolutions submitted by the Board of Directors. The new Board of Directors was elected and will constitute itself as follows: Pierre-Alain Bracher (Chairman), Hans-Rudolf Hufschmid (Vice-Chairman), Philippe Dupont, Sergio Penchas, Jacob J. Safra, Sipko N. Schat, Marcelo Szerman and Dagmar G. Woehrl. Existing members stepping down from the former Board - Christoph Ammann (Chairman), Peter Derendinger and Pim W. Mol - were thanked for their services and given discharge for the financial year 2012 up to and including 31 July 2012. Furthermore Safra today has announced its intention to launch an offer to purchase the publicly held Class B registered shares of Bank Sarasin & Co. Ltd at CHF 27.00 per share. Please consult the attached media release of Safra, dated 31 July 2012, for further details. Attachments with Announcement: ---------------------------------------------- http://resources.euroadhoc.com/us/MKtHTFUm http://resources.euroadhoc.com/us/hrYPe8yk Further inquiry note: Dr. Benedikt Gratzl Head of Corporate Communications T: +41(61) 277 70 88 Benedikt.Gratzl@sarasin.ch end of announcement euro adhoc -------------------------------------------------------------------------------- Attachments with Announcement: ---------------------------------------------- http://resources.euroadhoc.com/us/MKtHTFUm http://resources.euroadhoc.com/us/hrYPe8yk issuer: Bank Sarasin + Cie AG Elisabethenstrasse 62 CH-4002 Basel phone: +41 (61) 277 77 77 FAX: +41 (61) 272 02 05 mail: info@sarasin.ch WWW: www.sarasin.ch sector: Banking ISIN: CH0038389307 indexes: SPIEX, SPI ex SLI stockmarkets: official dealing/general standard: SIX Swiss Exchange language: English