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Jelmoli (SWF:JEL) Corporate news announcement processed and transmitted by Hugin ASA. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- -------------- Jelmoli Holding AG invites its shareholders to an Extraordinary Shareholders' Meeting to vote on the strategic plan proposed by the Board of Directors. The Extraordinary Shareholders' Meeting will take place on 5 November 2008. If shareholders approve the proposals, the proposed transaction is expected to close in January 2009.
At the Extraordinary Shareholders' Meeting the Board of Directors will ask the shareholders to vote on the following proposals:
* Creation of two separate listed companies, a Real Estate Company (Jelmoli Holding AG) and an Investment Company (Athris Holding AG), by means of a dividend in kind; * Introduction of a single share class (registered shares) in the Real Estate Company; * Reverse premium for the controlling shareholder, Pelham Investments SA, for ceding its majority of voting rights in the Real Estate Company; * Consultative vote on the repurchase of own shares in the Investment Company.
If shareholders vote in favour of the proposals, the proposed transaction is expected to close in January 2009.
The full to the Extraordinary Shareholders' Meeting on 5 November 2008 as well as a detailed Information Brochure for shareholders are available in German and English from today on the website www.jelmoliholding.ch (The english version of the Information Brochure will be available on the site from 9 October 2008 onwards). Printed copies of the German version of the Information Brochure can be ordered from the company from 14 October 2008.
The Extraordinary Shareholders' Meeting will be held on 5 November 2008 at 10:00 a.m. at the World Trade Center in Zurich. Doors will open from 09.00am.
Contact persons
Media: Dr. Jörg Neef, Hirzel. Neef. Schmid. Konsulenten +41 79 405 56 32, eMail: joerg.neef@konsulenten.ch Analysts: Christopher Chambers, Chairman of the Board Tel. +41 (0)44 220 42 05 Fax +41 (0)44 220 40 10 Michael Mueller, President of the Executive Committee Tel. +41 (0)44 220 49 13 Fax +41 (0)44 220 40 10 Internet: www.jelmoliholding.ch / www.huginonline.ch/JEL WAP mobile: wap.huginonline.com (Press Releases Jelmoli) E-mail: info@jelmoliholding.ch
Today's invitation published in the Swiss Official Trade Journal (SHAB) erroneously mentions the 31 October 2008 as the proposed date for the Extraordinary Shareholders' Meeting. A corrected version of the invitation will be published in SHAB on 14 October 2008.
This media information contains forward looking statements which express intentions, estimates, expectations and forecasts relating to future financial, operational and other developments and results. Such statements and the underlying assumptions are subject to a variety of risks, uncertainties and other factors which could mean that the actual developments may significantly differ therefrom. Shareholders should further note that even if the general meeting approves the transaction, the consumption of the transaction may fail, in full or in part, or may be delayed, for example if resolutions are challenged or if necessary approvals were not granted. In view of these uncertainties, readers of this media information are cautioned not to place undue reliance on such forward looking statements.
This document does not contain or constitute an offer to sell or a solicitation of any offer to buy securities in the United States or in any other jurisdiction in which such offer or solicitation is not authorized or to any person to whom it is unlawful to make an offer or solicitation. The securities have not been and will not be registered under the United States securities laws and may not be offered or sold in the United States.
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Jelmoli ----------------------------------------- Jelmoli über WAP: wap.huginonline.com ----------------------------------------- St. Annagasse 18 Zürich
WKN: 851225; ISIN: CH0000668464; Index: SMCI, SPI, SPIEX; Listed: Main Market in SWX Swiss Exchange;
