Major shareholder Dr. Hans Widmer is considerin...

Schweiter Technologies / Major shareholder Dr. Hans Widmer is considering to reduce his holding in Schweiter Technologies . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

Horgen, March 26, 2014 - Schweiter Technologies AG has been notified by Dr. Hans Widmer that he and related family members are planning to reduce their investment in Schweiter Technologies AG to diversify financial asset exposure including the financing of a significant property project. The group of family shareholders including Dr. Hans Widmer holds 12.4% of Schweiter Technologies.

Dr. Hans Widmer had taken over the majority of shares from Schweiter in 1986 and had been Chairman of the Board of Directors until 2011. Between 1986 and 1991, he simultaneously served as Schweiter's Board Chairman and CEO.

Schweiter Technologies AG thanks Dr. Hans Widmer for his longstanding support as a shareholder and considers the divestment as an opportunity to increase the company's free float and broaden its shareholder base.

For further information, please contact:
Martin Klöti, CFO
Tel. [phone], Fax [phone], [e-mail]
  
Schweiter Technologies AG, Neugasse 10, CH - 8810 Horgen, Switzerland
Telefon [phone] Fax [phone] [e-mail]
www.schweiter.com

Please find the Media release in the PDF attached:

Media release (PDF)

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Schweiter Technologies via Globenewswire

HUG#1772011