Evolva Holding SA: Approval of temporary exemption from certain conditions
for maintaining listing pursuant to art. 7 Listing Rules; IFRS financial
statements for 2023 and half-year 2024 to be publish
Evolva Holding SA / Key word(s): Annual Results
Evolva Holding SA: Approval of temporary exemption from certain conditions
for maintaining listing pursuant to art. 7 Listing Rules; IFRS financial
statements for 2023 and half-year 2024 to be publish
15-Jul-2024 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
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PRESS RELEASE | AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR
Approval of temporary exemption from certain conditions for maintaining
listing pursuant to art. 7 Listing Rules; IFRS financial statements for 2023
and half-year 2024 to be published by 31 October 2024
Reinach, Switzerland, 15 July 2024 - On 12 July 2024, Evolva Holding SA
(SIX: EVE) ("Evolva") received from SIX Exchange Regulation AG ("SER") a
temporary exemption from certain conditions for maintaining listing pursuant
to art. 7 Listing Rules. Evolva had applied for these exemptions in order to
have sufficient time to comply with the listing requirements after the
shareholders at the annual general meeting ("AGM") on 12 April 2024 resolved
to revoke the liquidation and delisting of the company.
Evolva announced today that by decision dated 12 July 2024, the Regulatory
Board and SER granted Evolva certain temporary exemptions from publicity
obligations for maintaining its listing on SIX Swiss Exchange. Evolva
submitted the request to extend the deadline for publishing and submitting
IFRS financial statements for 2023 as well as the half-year 2024 until 31
October 2024 after SER had required, following the AGM's resolution to
revoke the liquidation and delisting of the company, that the IFRS annual
report 2023 be submitted by 31 July 2024.
By decision of 25 March 2024, the company had been exempted by SER until 11
June 2024 from the duty to publish and submit an IFRS annual report 2023.
The fact that Evolva, after the sale on 28 December 2023 of all shares in
the fully-owned operating company Evolva AG to Danstar Ferment AG (an
affiliate of Lallemand Inc.), no longer has any operating assets (nor any
affiliates or employees) does not relieve it, in the Regulatory Board's
view, of the duty to publish and submit an IFRS annual report for the year
2023 following the AGM's resolution to revoke the liquidation and delisting
of the company. After the latest approval of Evolva's request for extension
of the publication deadline, the company will publish IFRS financial
statements for 2023 together with half-year 2024 financial statements on the
same day on or before 31 October 2024. Since Evolva no longer has any
employees, it will have to rely on external resources to prepare and audit
the IFRS financial statements by the end of October 2024.
In the meantime, Evolva refers to the (audited) interim liquidation
financial statements and the interim liquidation report 2023 approved by the
AGM for further information about the financials of the company (available
under link).
The content and duration of the exemptions granted are contained in the
following part of the Regulatory Board/SER decision, which has been
reproduced verbatim (unofficial English translation). The exemptions come
into force as of the release of this ad hoc announcement. Section I of the
decision reads as follows:
The request for exemption from certain conditions for maintaining listing
until Thursday, 31 October 2024 and thus the postponement of the publication
of the annual report 2023 and the half-year report 2024 as well as the
submission of these reports to SIX Exchange Regulation AG until Thursday, 31
October 2024 at the latest is approved subject to the following reservation
(lit. a) and the following condition (lit. b):
a. SIX Exchange Regulation AG will temporarily suspend trading in Evolva
securities on 1 November 2024 if Evolva does not publish and submit its
annual report 2023 and half-year report 2024 to SIX Exchange Regulation AG
by Thursday, 31 October 2024, 23:59 at the latest in accordance with the
provisions on ad hoc publicity (Art. 53 Listing Rules in connection with the
Directive on Ad hoc Publicity).
b. Evolva must publish a media release regarding this decision by Monday, 15
July 2024, 07:30, in accordance with the provisions on ad hoc publicity
(Art. 53 Listing Rules in connection with the Directive on Ad hoc
Publicity). This media release must:
- contain the full wording of Section I of this decision in a prominent
position;
- mention the reasons for the postponement of the publication and submission
of the annual report 2023 and half-year report 2024.
Contact Evolva
Doris Rudischhauser
Investor Relations and Corporate Communications
+41 79 410 81 88
investors@evolvaholding.com
Disclaimer
This announcement is not an offer of securities into the United States. The
securities referred to herein have not been and will not be registered under
the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may
not be offered, pledged, sold, delivered or otherwise transferred, directly
or indirectly, in the United States, except pursuant to an exemption from,
or transaction not subject to, the registration requirements of the
Securities Act. No public offering of securities is being made in the United
States. Further, the securities referred to herein have not been and will
not be registered under the applicable securities laws of Canada, Australia
or Japan or under the applicable securities laws of any other jurisdiction
where to do so might constitute a violation of such laws.
This press release contains specific forward-looking statements, e.g.
statements including terms like believe, assume, expect or similar
expressions. Such forward-looking statements are subject to known and
unknown risks, uncertainties and other factors which may result in a
substantial divergence between the actual results, financial situation,
development or performance of the company and those explicitly or implicitly
presumed in these statements. Against the background of these uncertainties
readers should not place undue reliance on forward-looking statements. The
company assumes no responsibility to update forward-looking statements or to
adapt them to future events or developments.
Additional features:
File: https://eqs-cockpit.com/c/fncls.ssp?u=28ef84d0080095404d6870f6268b3a5e
File description: Approval of temporary exemption from certain conditions
for maintaining listing pursuant to art. 7 Listing Rules; IFRS financial
statements for 2023 and half-year 2024 to be published by 31 October 2024
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End of Inside Information
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Language: English
Company: Evolva Holding SA
Duggingerstrasse 23
4153 Reinach
Switzerland
Phone: +41 61 485 20 00
Internet: www.evolva.com
ISIN: CH0021218067
Valor: 2121806
Listed: SIX Swiss Exchange
EQS News ID: 1945705
End of Announcement EQS News Service
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1945705 15-Jul-2024 CET/CEST