Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Sunrise Communications Group AG    SRCG   CH0267291224

SUNRISE COMMUNICATIONS GROUP AG

(SRCG)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Sunrise Extraordinary General Meeting: all motions brought by the Board of Directors approved

11/09/2020 | 12:20pm EST

Sunrise Extraordinary General Meeting: all motions brought by the Board of Directors approved

At today's Extraordinary General Meeting (EGM) of the shareholders of Sunrise Communications Group AG in Opfikon, all motions brought by the Board of Directors were approved. A total of 46.94% of the share capital was represented by the independent proxy (registered shares in the share register entitled to vote: 54.79%).

Elections

The EGM elected Mike Fries, Baptiest Coopmans, Miranda Curtis, Manuel Kohnstamm, and Andrea Salvato, Marisa Drew, Thomas D. Meyer and Joseph Deiss as new members of the Board of Directors, each until the closing of the following Annual General Meeting.

The EGM elected Mike Fries as Chair of the Board of Directors until the closing of the following Annual General Meeting.

The EGM also elected Miranda Curtis, Manuel Kohnstamm and Andrea Salvato as members of the Nomination and Compensation Committee, and Miranda Curtis as Chair of the Nomination and Compensation Committee, each until the closing of the following Annual General Meeting.

The effect of all elections is subject to the completion of the public tender offer of UPC Schweiz GmbH for all publicly held registered shares of Sunrise Communications Group AG. The background of each newly elected member of the Board of Directors can be found on the Company's website under the following link: https://www.sunrise.ch/en/corporate-communications/investor-relations/AGM.html

Resolution on the Delisting of the Shares

The EGM resolved on the delisting of the shares of Sunrise Communications Group AG from the SIX Swiss Exchange, subject to the suspensive condition that the public tender offer of UPC Schweiz GmbH is completed. Once the public tender offer is completed, the shares of Sunrise Communications Group AG will be delisted at a time yet to be determined.

Update on Public Tender Offer of UPC Schweiz GmbH

On October 30, 2020 and with the approval of the planned takeover of Sunrise Communications Group AG by UPC Schweiz GmbH by the Swiss Competition Commission one significant milestone towards a successful completion of the planned takeover was reached. During the offer period and the additional offer period, more than 96% of all publicly held shares were tendered. Settlement of the public tender offer is expected to occur on November 11, 2020.

As of November 11, 2020, both Sunrise Communications Group AG and UPC Schweiz GmbH will be subsidiaries of Liberty Global but the two companies will continue to operate independently. All existing subscriptions and agreements remain in force and effect and to provide the highest quality of services to all customers and business partners remains the highest priority of each of Sunrise Communications Group AG and UPC Schweiz GmbH.

Sunrise Communications Group AG and UPC Schweiz GmbH will now continue working together on integration, with the goal of merging the two successful companies in 2021. The merger will combine Switzerland's leading gigabit fiber optic cable network with one of the world's best mobile networks. This fixed-mobile convergence will create a strong challenger that will drive competition and innovation in the Swiss market. Further details of the combination will be published if and when available.




Provider
Channel
Contact
Tensid EQS Ltd., Switzerland
www.tensid.ch


newsbox.ch
www.newsbox.ch


Provider/Channel related enquiries
marco@tensid.ch
+41 41 763 00 50
All news about SUNRISE COMMUNICATIONS GROUP AG
01/14SUNRISE COMMUNICATIONS : is now accepting pre-orders for the new Samsung Galaxy ..
PU
2020SUNRISE COMMUNICATIONS : launches a children's smartwatch with eSIM
PU
2020SUNRISE COMMUNICATIONS : Swiss Exchange Regulator OKs Delisting of Sunrise Commu..
MT
2020SIX approves delisting of Sunrise shares and exemption from reporting require..
TE
2020SUNRISE COMMUNICATIONS : together with Caritas, promotes the digital participati..
PU
2020NEW : yallo Home Fiber with 10 Gbit/s technology
PU
2020Sunrise UPC Executive Committee Appointed
TE
2020ONLY AT SUNRISE : the first 5G laptop, by Lenovo
PU
2020Sunrise Communications Wins 5G Innovation Award
MT
2020CONNECT CONFIRMS IT : Sunrise with best 5G and mobile data network
TE
More news
Financials
Sales 2020 1 882 M 2 112 M 2 112 M
Net income 2020 113 M 127 M 127 M
Net Debt 2020 1 775 M 1 992 M 1 992 M
P/E ratio 2020 52,3x
Yield 2020 4,15%
Capitalization 4 979 M 5 596 M 5 588 M
EV / Sales 2020 3,59x
EV / Sales 2021 3,50x
Nbr of Employees 1 763
Free-Float 1,79%
Chart SUNRISE COMMUNICATIONS GROUP AG
Duration : Period :
Sunrise Communications Group AG Technical Analysis Chart | SRCG | CH0267291224 | MarketScreener
Technical analysis trends SUNRISE COMMUNICATIONS GROUP AG
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 5
Average target price 110,00 CHF
Last Close Price 110,40 CHF
Spread / Highest target -0,36%
Spread / Average Target -0,36%
Spread / Lowest Target -0,36%
EPS Revisions
Managers and Directors
NameTitle
André Krause Chief Executive Officer
Michael Thomas Fries Chairman
Uwe Schiller Chief Financial Officer
Elmar Grasser Chief Technology Officer
Michael Krammer Vice Chairman
Sector and Competitors