Daetwyler changes Swiss market listing

ERJ staff report (DS)

Altdorf, Switzerland -- The SIX Swiss Exchange on 3 June 2010 approved the Daetwyler Holding Inc. application to switch to the Domestic Standard segment on 1 July 2010, provided all publication requirements are fulfilled. The 12,600,000 bearer shares with a par value of CHF 0.05 each of Daetwyler Holding Inc., will be traded in the Domestic Standard of the SIX Swiss Exchange segment as from 1 July 2010. The last date of trading in the Main Standard is 30 June 2010.

The switch to Swiss GAAP FER will lead to changes in the Daetwyler Group's accounting policies mainly in the presentation of goodwill, intangible assets from acquisitions and pension liabilities. Other than this, there will be no change in the accounting and valuation principles

Daetwyler said it will continue to prepare high-quality consolidated financial statements applying the “true and fair view” principle.

This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.

Press release from Daetwyler Holdings