After the takeover by Liechtensteinische Landesbank, the Uznach establishment is also asking the Swiss stock exchange SIX to be released from its disclosure obligations.
Following its takeover by Liechtensteinische Landesbank (LLB), Bank Linth requested the delisting of its shares on the Swiss stock exchange SIX. A double listing within the LLB group would not create any added value, reasoned the Uznach bank.
On May 11 at the end of the takeover bid, LLB held 99.69% of Bank Linth shares. LLB applied to the competent court in St. Gallen to cancel the shares which were not in its possession and the board of directors of Bank Linth supported this request. The delisting will take place when the last Bank Linth shares still in the public have been annulled by the court.
Bank Linth also asked SIX to be released from its disclosure obligations. This includes not having to draw up a half-yearly report.