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SIX extends exemption from certain publicity requirements (28.05.2010 07:15:00)
With its decision of 27 May 2010 SIX Exchange Regulation has extended the exemption with respect to certain obligations in relation to the conditions for maintaining the listing which it has granted Quadrant AG initially until 31 May 2010. The extension has been approved until the delisting of the registered shares of Quadrant AG but no later than until 20 June 2010. The obligations covered by the exemption include the publication of the annual report for the business year of 2009, the issuance of a corporate calendar, the publication of ad hoc notices, the disclosure of management transactions and certain other regular notification obligations.
Exemption from publicity requirements (29.03.2010 07:15:00)
On 26 March 2010 SIX Exchange Regulation has exempted Quadrant AG from certain obligations with respect to the conditions for maintaining the listing. These obligations include the publication of the annual report for the business year of 2009, the issuence of a corporate calender, the publication of ad hoc notices, the disclosure of management transactions and certain other notification obligations. For the time being, the exemption has been granted until 31 May 2010. Quadrant AG will issue a media release in the event of a decision of the Federal Administrative Court on the lawfulness of Aquamit B.V.'s public tender offer.
Quadrant takeover: Aquamit petitions the cancellation of the remaining publicly held Quadrant shares (20.11.2009 07:15:00)
Following its successful voluntary takeover bid for all publicly held shares of Quadrant AG, the board of directors of Aquamit B.V. informed Quadrant about the decision to start the procedure to cancel all remaining publicly held shares of Quadrant AG according to Swiss stock exchange laws. Aquamit informed also that the respective petition will be filed within the next few days.
Recession leaves its mark on Quadrant’s Q3 results (03.11.2009 07:15:00)
Nine months into the fiscal year, Quadrant’s net sales of CHF 364.9 million remain significantly below the previous year’s level (CHF 583.6 million, or -37.5%). The effects of currency developments were marginal. The Ebitda of CHF -6.3 million (CHF +64.8 million), which includes a one-time restructuring expense of about CHF 9.1 million, was negative, as was the Ebit of CHF -28.2 million (CHF +42.4 million). Operating cash flow before changes in net working capital amounted to CHF -7.5 million (CHF +45.7 million), and net indebtedness was CHF 114.5 million (CHF 138.1 million). While the economic situation and the demand for capital goods have stabilized, albeit at a low level, a general recovery is not yet in sight. Quadrant does not expect to achieve a balanced result in the current financial year.
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