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Syngenta gets approval to delist shares from SIX Swiss Exchange

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Syngenta gets approval to delist shares from SIX Swiss Exchange

SIX Exchange Regulation approved the delisting of Syngenta AG registered shares from SIX Swiss Exchange as of Jan. 8, 2018, with the last trading day for the stock set for Jan. 5, the company announced.

The company had announced the cancellation of all publicly held registered Syngenta shares on Dec. 18. Holders of canceled stock were to be paid $465 for each share. The amount corresponded to the price paid by CNAC Saturn B.V. in its public tender offer for all publicly held registered shares, Syngenta said.

Syngenta had applied for the delisitng after China National Chemical Corp. acquired 98% of the chemicals company.

Separately, the company also announced that its vice chairman and lead independent director Michel Demaré will retire from the board after five years of service. Jürg Witmer, a director since 2006, has been nominated to become lead independent director from Jan. 1, 2018.