Schindler's ALSO Exchangeable Bonds converted almost entirely into shares before maturity

Emmen, Switzerland, May 29, 2017

As Schindler announced today, 99.99 percent of Schindler Holding AG's Exchangeable Bonds have been converted into registered shares of ALSO Holding AG. The conversions took place largely before the conversion period expired on May 26, 2017. ALSO's freefloat amounts to 48.7 percent. The Special Distribution Holding GmbH remains the majority shareholder of ALSO Holding AG (SIX: ALSN) with a shareholding of 51.3 percent.

Direct link to the press release: http://www.also.com/goto/20170529en 

Contact person: 
Brunswick Group GmbH
Simon Hertwig
Tel.: +49 89 80 99 02 525
Email: [email protected] 

ALSO Holding AG (Emmen/Switzerland) brings providers and buyers of the ICT industry together. The company offers services at all levels of the ICT value chain from a single source. In the European B2B marketplace, ALSO bundles logistics services, financial services, supply services, solution services, digital services, and IT services together into individual service packages. ALSO's portfolio contains more than 188 000 articles from some 500 vendors. The Group has around 3 520 employees throughout Europe (annual average 2016). In fiscal year 2016 (closing on December 31), the company generated net sales of 8.0 billion euros. The majority shareholder of ALSO Holding AG is the Droege Group, Düsseldorf, Germany. Further information is available at http://www.also.com

Droege Group 
(Major shareholder)
Droege Group (founded in 1988) is an independent advisory and investment company entirely family-owned. The company acts as a specialist for tailor-made transformation programs aiming to enhance corporate value. Droege Group combines its corporate family-run structure and capital strength into a family-equity business model. The group carries out direct investments with own equity in corporate subsidiaries and medium-sized companies in "special situations". With the guiding principle "Implementation - following all the rules of art," the group is a pioneer of implementation-oriented corporate development. Droege Group proves its implementation excellence daily within its own portfolio. The entrepreneurial platforms of the Droege Group are aligned to current megatrends (knowledge, connectivity, prevention, demography, shopping 4.0, future work). Enthusiasm for quality, innovation and speed determines the company's development. As a result the Droege Group has successfully positioned itself within the market, both nationally and internationally and operates in 30 countries. More information: https://www.droege-group.com 

Disclaimer
This press release contains forward-looking statements which are based on current assumptions and forecasts of the ALSO management. Known and unknown risks, uncertainties, and other factors could lead to material differences between the forward-looking statements made here and the actual development, in particular the results, financial situation, and performance of our Group. The Group accepts no responsibility for updating these forward-looking statements or adapting them to future events or developments.