Mandatory Conversion | ALUFLEXPACK AG | 28th May 2024
Initially announced on February 16, 2024 CONSTANTIA FLEXIBLES GROUP GMBH made a cash offer for ALUFLEXPACK AG. The Offer Price for each ALUFLEXPACK AG Share amounts to between CHF 15.00 and CHF 18.75 net in cash, subject to the outcome of the regulatory process and reduced by the gross amount of any dilutive effects in respect of the ALUFLEXPACK AG Shares prior to the Settlement of the Offer. Tender offer results for the offer ending May 16, 2024 indicate shareholder acceptances reached 86.38%. An additional acceptance period will expire on June 7, 2024 for shareholders who have not accepted the Takeover Offer. As the free float of ALUFLEXPACK AG has dropped below 15 percent, Solactive will apply a mandatory conversion in the indices and exchange on a one to one basis to the Tendered Line of ALUFLEXPACK AG (ISIN: CH1336609149) effective May 28, 2024. The settlement of the offer is expected for Q4 in 2024.
The treatment below will be applied to the following indices:
- ALUFLEXPACK AG will be removed from the Index.
- The shares of ALUFLEXPACK AG (TENDERED LINE) (AFPE.S) will be added according to the stock terms of the transaction.
- Effective Date (open): 28/05/2024
BX Swiss All Share Index
BX Swiss All Share Index NTR
BX Swiss All Share Index TR
Solactive Switzerland All Cap Index (CH NTR)
Solactive Switzerland All Cap Index NTR
Solactive Switzerland All Cap Index PR
Solactive Switzerland All Cap Index TR