Service Navigation

Alpiq Holding AG: Takeover

Release date: 16 Oct 2019

Alpiq Holding AG: Takeover

Alpiq Holding AG has announced on 29 May 2019, that CSA Energy Infrastructure Switzerland (CSA) is planning to acquire Alpiq Holding AG via a takeover offer to the shareholders of Alpiq Holding AG at a price of CHF 70.00 per share.More information about this transaction is available on the company`s website under www.alpiq.com.This information describes the potential effects this transaction will have on the above mentioned contracts.


On September 13, 2019, the company Schweizer Kraftwerksbeteiligung AG has published the interim result of the public takeover offer to the Alpiq AG shareholders. According to this information, 88.22% of the Alpiq shares are attributable to Schweizer Kraftwerksbeteiligung AG. The additional offer period will start on 16 September 2019 and will end on 27 September 2019. Completion of the offer is expected on 09 October 2019 subject to the fulfillment of all offer conditions. Further information is available on the following website: www.sustainable-swiss-solution.ch

Based on the current available information, trading in options on Alpiq AG shares (ALPH) will be discontinued after close of trading on the last day of the additional offer period (27 September 2019). As of 27 September 2019 until settlement the exercise of open positions will be suspended. Settlement of the offer will be processed as soon as the offer is declared unconditional. The final settlement prices as well as the settlement schedule will be published in a separate corporate action information. 

15th of October 2019:

Schweizer Kraftwerksbeteiligung AG announced that all conditions for the voluntary public takeover offer to the Alpiq Holding AG shareholders have been fulfilled. Accordingly, as described in Corporate Action Info 001-002 and pursuant to the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland and Eurex Zürich, number 2.6.10.1 (7) existing positions in the series for the Eurex option contract on shares of Alpiq Holding AG will be settled at theoretical fair value. Basis for the calculation is the final offer price of CHF 70.00.

Settlement of the options contract will take place effective 16 October 2019.

On 15 October 2019, all participants with open positions will receive an information containing an overview of their respective open positions. Booking of the cash amount will take place on 15 October 2019 with value date 16 October 2019. In the end-of-day batch processing of 16 October 2019, the positions will be booked out effective 17 October 2019.

Schweizer Kraftwerksbeteiligung AG announced that all conditions for the voluntary public takeover offer to the Alpiq Holding AG shareholders have been fulfilled. Accordingly, as described in Corporate Action Info 001-002 and pursuant to the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland and Eurex Zürich, number 2.6.10.1 (7) existing positions in the series for the Eurex option contract on shares of Alpiq Holding AG will be settled at theoretical fair value. Basis for the calculation is the final offer price of CHF 70.00.

Settlement of the options contract will take place effective 16 October 2019.

On 15 October 2019, all participants with open positions will receive an information containing an overview of their respective open positions. Booking of the cash amount will take place on 15 October 2019 with value date 16 October 2019. In the end-of-day batch processing of 16 October 2019, the positions will be booked out effective 17 October 2019.






Final Settlementprices Alpiq Holding AG:

Final Offer price: CHF 70.00


Contract

Settlement Price

Implied Vola

C ALPH DEC19 8000

0.24

21.52

C ALPH DEC19 8400

0.08

21.83

P ALPH DEC19 6800

1.78

21.45

P ALPH DEC19 7200

3.86

21.36

P ALPH DEC19 7600

6.81

21.33

C ALPH MAR20 7600

1.79

21.63

P ALPH MAR20 5600

0.41

24.49

P ALPH MAR20 6000

0.93

23.60

P ALPH MAR20 6400

1.82

22.90

P ALPH MAR20 6800

3.31

22.34

P ALPH MAR20 7200

5.38

21.89


 

Market Status

XEUR

-

-

Parts of the trading system are currently experiencing technical issues

The trading system is currently experiencing technical issues

Production newsboard

The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.

We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.

An instant update of the Market Status requires an enabled up-to date Java™ version within the browser.