Swiss luxury goods firm Lalique to delist from SIX stock exchange

Lalique SA

31/05/2024 06:15

ZURICH, May 31 (Reuters) - Lalique Group said on Friday
it plans to delist from Switzerland's SIX stock exchange, with
majority shareholder Silvio Denz making a tender offer to public
shareholders of the Swiss luxury goods company.
    "As a private company, Lalique Group with its already very
small free float will be able to focus fully on its business
activities and continue to successfully pursue its proven
diversification strategy," the company said in a statement.
    The company  LLQ.S  has been listed on the SIX exchange
since 2018, and its free float has remained small throughout,
currently standing at just over 6%.
    Denz is offering the public shareholders 40 Swiss francs in
cash per Lalique share, the company said.
    This is a premium of nearly 28% based on the volume-weighted
average price of the share on SIX over the 60 trading days prior
to publication of the offer prospectus, or of 32.45% based on
the share's closing price on May 30, Lalique said.

 (Writing by Dave Graham, Editing by Rachel More)
 ((dave.graham@thomsonreuters.com; Reuters Messaging:
dave.graham.thomsonreuters.com@reuters.net))