On May 29, 2013, Schindler Holding AG ('Schindler') issued exchangeable bonds that can be exchanged for registered shares of ALSO Holding AG ('ALSO'). The total issue size was CHF 218 million and the bonds have a maturity date of June 5, 2017. Due to the large number of bonds exchanged to date, the nominal value of the exchangeable bonds is currently CHF 77 million. As a result, Schindler's participation in ALSO has decreased from 28.2% to 9.9% and the free float of ALSO shares has increased substantially. As previously stated, Schindler intends to reduce its participation in ALSO to zero. As a consequence, Schindler will now be a 'pure-player' as announced earlier on many occasions.
Schindler Holding Ltd. published this content on 15 September 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 September 2016 05:23:02 UTC.
Original documenthttp://www.schindler.com/com/internet/en/media/press-releases-english/press-releases-2016/schindler_s-participation-in-also-falls-below-10-.html
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Schindler Holding AG is a Switzerland-based holding company that specializes in the manufacture of escalators, elevators and moving walks. It operates globally within one main segment: Elevators and Escalators. The Elevators and Escalators segment provides a range of elevators for different applications, including freight and special elevators, high-rise elevators, residential elevators and commercial elevators. It also offers commercial and public transport escalators, as well as inclined and horizontal moving walks. It's affiliated company, ALSO Holding AG, which provided information and communications technology and consumer electronics in the wholesale and logistics sectors, was disposed during 2011 and merged with Actebis GmbH, forming ALSO-Actebis Holding AG. In June 2014, closed the real estate development project Mall of Switzerland (formerly EbiSquare) together with Halter AG and sold its stake in EbiSquare AG to Halter AG
SCHINDLER HOLDING AG 
