MEYER BURGER TECHNOLOGY AG
Meyer Burger Technology AG / Key word(s): Miscellaneous Ad hoc announcement pursuant to Art. 53 LR
Meyer Burger Publishes Timeline of the Reverse Share Split Thun, Switzerland, June 27, 2024 – Meyer Burger Technology (SIX: MBTN) announces the timeline of the reverse share split in the ratio 750:1, which was approved by the Annual General Meeting held on June 25, 2024.
The reverse share split may result in fractions of new registered shares for individual shareholders. This is the case if shareholders hold a number of Meyer Burger shares that is not divisible by 750 as of June 28, 2024 (after close of trading). Shareholdings below 750 old shares or the remainder of old shares exceeding an integer multiple of 750, i.e., in each case between 1 and 749 old shares, will be rounded down and settled in cash (in CHF). The compensation corresponds to the three-day volume-weighted average price (VWAP) of the Meyer Burger share on the SIX Swiss Exchange prior to the ex-date of the reverse share split. The new shares issued following the reverse share split will have a new International Securities Identification Number (ISIN) while the existing shares held prior to the reverse share split will be canceled. Shareholders who wish to continue exercising their voting rights are requested to arrange for a re-registration in the Company’s share register. Further information regarding the reverse share split can be found in the AGM invitation and the Q&A on Meyer Burger's website available under this link.
Meyer Burger Technology AG
Alexandre Müller
Meyer Burger researches, develops and produces the latest generation of highly efficient solar cells and solar modules based on patented Heterojunction/SmartWire technology. As one of the few manufacturers worldwide, the company also manufactures its own production equipment, which ensures high quality and efficiency in production. Meyer Burger's headquarters are located in Thun (Switzerland). The company operates research centers and machine factories in Hohenstein-Ernstthal (Germany), Hauterive and Neuchâtel (Switzerland). The highly automated production of solar cells and solar modules takes place in Thalheim (Germany) and in the future in Goodyear and Colorado Springs (USA). The company has its own accredited test center for solar modules in Freiberg (Germany). This is the key to the long service life and high precision of Meyer Burger solar modules. There are sales offices in Europe, the USA, Australia and Asia. Around 1 100 people work for Meyer Burger worldwide. The company was founded in 1953 in Switzerland. As a provider of production systems, the company has shaped the development of the global photovoltaic industry along the entire value chain in recent decades and has set essential industry standards. A large part of the solar modules produced worldwide today are based on technologies developed by Meyer Burger. The registered shares of Meyer Burger Technology AG are listed on the SIX Swiss Exchange (ticker: MBTN).
This document does not constitute an offer to subscribe for, buy or sell any securities of Meyer Burger Technology AG in any jurisdiction.
This publication may expressly or implicitly contain specific forward-looking statements, e.g. statements including terms like "believe", "assume", "expect", "forecast", "project", "may", "could", "might", "will" or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, financial situation, development or performance of Meyer Burger Technology AG and those explicitly or implicitly presumed in these statements. Against the background of these uncertainties, readers should not rely on forward-looking statements. Meyer Burger Technology AG assumes no responsibility to update forward-looking statements or to adapt them to future events or developments. Except as required by applicable law, Meyer Burger Technology AG has no intention or obligation to update, keep updated or revise this publication or any parts thereof following the date hereof. End of Inside Information |
| Language: | English |
| Company: | Meyer Burger Technology AG |
| Schorenstrasse 39 | |
| 3645 Gwatt | |
| Switzerland | |
| Phone: | +41 033 221 28 00 |
| E-mail: | mbtinfo@meyerburger.com |
| Internet: | www.meyerburger.com |
| ISIN: | CH0108503795 |
| Valor: | A0YJZX |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 1934095 |
| End of Announcement | EQS News Service |
1934095 27-Jun-2024 CET/CEST
