Schindler’s ALSO Exchangeable Bonds converted almost entirely into shares before maturity

As Schindler announced today, 99.99 percent of Schindler Holding AG’s Exchangeable Bonds have been converted into registered shares of ALSO Holding AG. The conversions took place largely before the conversion period expired on May 26, 2017. ALSO’s freefloat amounts to 48.7 percent. The Special Distribution Holding GmbH remains the majority shareholder of ALSO Holding AG (SIX: ALSN) with a shareholding of 51.3 percent.

Direct link to the press release: http://www.also.com/goto/20170529en