Delisting of BFW Liegenschaften AG in sight

The management of BFW Liegenschaften AG announces that BFW Holding AG, Frauenfeld, has acquired additional registered shares category A of BFW Liegenschaften in the market during the past days and that the main shareholder now holds a stake of more than 98% of the voting rights in the real estate company.

BFW Holding's current shareholding is reported to be 2,734,173 registered category A shares and 5,000,000 registered category B shares, representing 98.05% of the voting rights and 95.47% of the share capital of BFW Properties as of today.

BFW Holding will now apply to the competent court in the Canton of Thurgau pursuant to Art. 137 FinfraG for the declaration of invalidity of all Class A registered shares still held by the public in order to increase its holding in BFW Liegenschaften to 100%. For those shareholders of BFW Liegenschaften who had not tendered their Class A registered shares in the Offer and had not sold them to date, this means that the registered shares held by them will be declared invalid by the court and, as announced in the public tender offer of November 29, 2019, they will receive a cash compensation in the amount of the offer price of CHF 44.25 per registered share as soon as the court decision regarding the declaration of invalidity is available and has become final. At the same time, BFW Holding as principal shareholder and BFW Liegenschaften as issuer, respectively, intend to submit the delisting application for the attention of the SIX Swiss Exchange. (bw)