SIX Exchange Regulation opens an investigation of Bank Coop Ltd on the grounds of possible breaches of the rules governing ad hoc publicity and the disclosure rules of the Directive on Information relating to Corporate Governance.
SIX Exchange Regulation, which is charged by SIX Swiss Exchange Ltd with the monitoring and enforcement of issuer obligations, has opened an investigation of Bank Coop Ltd on the grounds of possible breaches of the obligations regarding ad hoc publicity and the disclosure rules of the Corporate Governance Directive.
On the one hand the investigation is connected with the publication of the 2008 annual report of Bank Coop Ltd (ad hoc publicity). On the other hand the investigation concerns the corporate governance part of this annual report which was reviewed by SIX Exchange Regulation as part of the annual spot checks of corporate governance reports of primary-listed companies.
Investigatory proceedings will continue for an indefinite period. SIX Exchange Regulation will announce its findings, although no information will be provided while the investigatory proceedings are ongoing.
