New Investors for Ascom
Ascom has gained knowledge today that Zürcher Kantonalbank divested its 28.86% stake of the share capital of Ascom Holding AG to numerous new investors as well as to current shareholders from Switzerland and abroad. As of today, Ascom does not know the new individual investors.
The Board of Directors and the Management of Ascom Holding AG thank Zürcher Kantonalbank for the long standing trustful partnership. Zürcher Kantonalbank supported actively the strategy of Ascom during the last six years and thereby contributed substantially to the successful development of the Group.
As communicated at its Analyst & Investor Day of 30 October 2013, Ascom anticipates recording its best ever operating margin in 2013. Group profit will also be significantly higher on a year-on-year comparison. The good strategic positioning of the two divisions Wireless Solutions and Network Testing as well as small value enhancing acquisitions will support the achievement of the mid-term growth targets.
The Board of Directors thanks the new investors and also the current shareholders for the confidence proved, and is looking forward to cooperate with the renewed shareholder community.
This document does not constitute an offer or solicitation to subscribe for, purchase or sell any securities. This document is not being issued in the United States of America or the United Kingdom and should not be distributed in any jurisdiction in a manner where such distribution would not comply with regulatory requirements. In particular, this document may not be distributed into the United States, to United States persons or to publications with a general circulation in the United States. In addition, the securities of Ascom have not been and will not be registered in any jurisdiction outside Switzerland. The securities of Ascom may not be offered, sold or delivered and no solicitation to purchase such securities may be made within the United States or to U.S. persons absent an applicable exemption from the registration requirements of the United States securities laws or within any other jurisdiction and in a manner where such offer, sale, delivery or solicitation might not be in compliance with regulatory requirements (including the United Kingdom).