EGL AG : EGL shares declared invalid – Axpo now sole owner

Dietikon,  Monday, February 27, 2012

The Axpo takeover of EGL is final: On 16 February, the Commercial Court of the Canton of Aargau declared the EGL shares (0.2%) still on the market as invalid. The verdict is expected to go into force tomorrow. Axpo is thereby the sole shareholder of EGL.

Based on Art. 33 of the Swiss Federal Stock Exchange and Securities Trading Act (SESTA), Axpo Holding AG submitted a declaration of invalidity to the Commercial Court of the Canton of Aargau. On 16 February 2012, the court approved the claim, and the remaining public EGL bearer shares (security number: 328 822 / ISIN: CH0003288229 / ticker symbol: EGL) were declared invalid. As a result, no public EGL Annual General Meeting will take place on 30 March 2012. The owners of the invalid EGL shares will receive cash compensation in the amount of CHF 850 per bearer share with a par value of CHF 50. The compensation amount corresponds to the price offered in Axpo's public tender dated 27 June 2011.

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