LLB holds 93.26 % in Bank Linth
Vaduz, 14 April 2022. Following the expiry of the offer period of the public tender offer for all publicly held shares of Bank Linth LLB AG, the Liechtensteinische Landesbank AG (LLB) has published the provisional interim result of the public tender offer and declares that the offer is successful.
Provisional interim result of the public tender offer
Taking into account the Bank Linth shares held by the offeror at the expiry of the offer period and the Bank Linth shares tendered, the LLB's shareholding as of the end of the offer period on 13 April 2022 amounts to a total of 93.26 % of all Bank Linth shares listed as of 13 April 2022, subject to settlement of the offer. Of the Bank Linth shares tendered in the offer to date, a gratifying 48.88 % have been declared for the partial exchange offer into LLB shares with a cash component and 51.12 % for the full cash settlement. Details of the provisional interim result can be viewed at www.llb.li/kaufangebot.
The LLB declares the offer to be successful subject to the offer conditions. The additional acceptance period begins on 22 April 2022 and runs until 4 p.m. on 5 May 2022. The transaction is expected to be settled on 18 May 2022.
Liechtensteinische Landesbank AG (LLB) is the longest established financial institute in the Principality of Liechtenstein. The majority of the company’s share capital is held by the Principality of Liechtenstein. LLB’s shares are listed on the SIX Swiss Exchange (symbol: LLBN). The LLB Group offers its clients comprehensive wealth management services, as a universal bank, in private banking, asset management and fund services. With 1'056 employees (full-time equivalent positions), LLB is represented in Liechtenstein, Switzerland, Austria and the United Arab Emirates (Abu Dhabi and Dubai). As per 31 December 2021, the business volume of the LLB Group stood at CHF 106 billion.
- 10 May 2022, ex-dividend date
- 12 May 2022, distribution of dividend
- 18 May 2022, provisional completion of public purchase offer
- 24 August 2022, presentation of 2022 interim business result
Liechtensteinische Landesbank AG
Dr. Cyrill Sele
Head of Group Corporate Communications & Sustainability
Telephone +423 236 80 99
Liechtensteinische Landesbank AG's public tender offer for all publicly held shares of Bank Linth LLB AG (the Offer) will not be made, directly or indirectly, in any country or jurisdiction in which such offer would be unlawful or otherwise violate any applicable law or regulation or which would require Liechtensteinische Landesbank AG to make any amendment to the terms or conditions of the Offer, to make any additional application to, or to take any additional action with respect to, any governmental, regulatory or legal authority. It is not and will not be intended to extend the Offer to any such country or jurisdiction. Documents relating to the Offer may not be distributed in, or sent to, any such country or jurisdiction. Such documents may not be used for the purpose of soliciting purchases of Bank Linth AG securities by any person or entity resident or incorporated in such country or jurisdiction.
This Communication constitutes neither an offer to sell nor a solicitation to buy securities of Liechtensteinische Landesbank AG or of Bank Linth LLB AG and it does not constitute a prospectus or similar notice within the meaning of articles 35 et seqq. or 69 of the Swiss Financial Services Act or a prospectus pursuant to the laws of any other jurisdiction. This Communication may be considered to be marketing material. An investment decision regarding the securities of Liechtensteinische Landesbank AG should only be made on the basis of the prospectus that will be published in connection with the public tender offer and will be available free of charge at http://www.llb.li/kaufangebot.
This Communication is namely not for distribution in the European Economic Area, the United States, Canada, Australia, Japan. This communication does not constitute an offer to sell, or the solicitation of an offer to buy, securities in any jurisdiction in which is unlawful to do so.
Certain statements in this Communication are forward-looking statements. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial consequences of the plans and events described herein. Neither Liechtensteinische Landesbank AG nor any of its respective directors, officers, employees, advisors, or any other person is under any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements, which speak of the date of this Communication. Statements contained in this Communication regarding past trends or events should not be taken as a representation that such trends or events will continue in the future.