Swiss Re announces that 97.9% of shares were tendered
At the end of the additional acceptance period on 7 June 2011, 16.00 CEST, 97.9% of shares in Swiss Reinsurance Company Ltd (“SRZ”) are held by Swiss Re Ltd (“SRL”).
The SRL shares started trading on the SIX Swiss Exchange on 23 May 2011 with the ticker symbol SREN. In line with legal requirements and section B7 of the exchange offer prospectus, an additional acceptance period was provided from 24 May to 7 June 2011.
97.9% of SRZ shares are held by SRL after additional acceptance period
At the end of the additional acceptance period, the number of SRZ shares tendered, together with the SRZ shares already held by SRL and SRZ, amounted to 362’973’739 SRZ shares, corresponding to 97.9% of the currently outstanding SRZ shares.
Shares exchanged during additional acceptance period will start trading on 14 June
SRZ shares tendered during the additional acceptance period will be exchanged against newly issued SRL shares on 10 June 2011. The first day of trading for these newly issued SRL shares on the SIX Swiss Exchange will be 14 June 2011.
