SWX: Gretag Imaging Holding AG: No Violation Of Ad-hoc Publicity Rules

In a media release published on 9 November 2001, Gretag Imaging Holding AG announced that it had sold its Professional Imaging Division to Océ N.V. (NL) and applied the sale proceeds to restructuring the balance sheet. The release stated that an agreement had been reached with the company's financing partners to reduce debt. On 6 November 2001, the price of Gretag Imaging Holding AG registered shares had already risen from CHF 6.50 to CHF 10. Preliminary examination by SWX into a potential violation of Art. 72 of the Listing Rules (ad hoc publicity) by Gretag Imaging Holding AG found no evidence to substantiate suspicions that share price-relevant information had been leaked in advance of the media release. Furthermore, Gretag Imaging Holding AG had taken the necessary measures to maintain confidentiality. Consequently, as far as SWX is aware, the equal treatment of all market participants was guaranteed. Consequently, SWX has concluded that no grounds exist that would warrant the initiation of a formal investigation of the company, and this matter will not be pursued further.