In focus
Spin-off of the paper business approved
The shareholders of CPH Chemie + Papier Holding AG (CPH) voted at today’s Extraordinary General Meeting (EGM) in Perlen to approve the separation proposed in March 2024 of the company’s paper manufacturing business from its chemistry and packaging activities by 98,2 %.
CPH's Extraordinary General Meeting took place on 20 June 2024 in Perlen
As a result of the EGM’s resolutions, CPH will be split into two focused companies which will each be able to further successfully pursue their own specific strategy: the globally active and growth-oriented CPH Group AG with its chemistry (Zeochem) and packaging (Perlen Packaging) divisions; and Perlen Industrieholding AG, in which are bundled the paper manufacturing business (Perlen Papier AG) and the real-estate assets of the Perlen industrial site.
The Perlen paper business and real-estate assets will be spun off via a capital reduction and the distribution to shareholders of a dividend-in-kind: CPH shareholders will receive one share in the new Perlen Industrieholding AG for every CPH share they hold. The distribution will be effected by 27 June 2024. While the shares of CPH Group AG will continue to be traded on the SIX Swiss Exchange under their existing CPHN ticker symbol, the shares in the new Perlen Industrieholding AG (ticker symbol: PERL) will be tradeable over-the-counter on the OTC-X platform of the Berner Kantonalbank (www.otc-x.ch) and the LPZ-X platform of Bank Lienhardt & Partner (www.lienhardt.ch/private-banking/ausserboerslicher-handel/). The first day of trading for the shares of the new Perlen Industrieholding AG has been scheduled for 25 June 2024.
Further information can be found on the revised website www.cph.ch and the new website www.perlen-industrieholding.ch.