Swiss watchdog approves Sunrise delisting

Swiss stock exchange body SIX Exchange Regulation AG has approved the delisting of the registered shares of Sunrise Communications Group with a nominal value of CHF1.00 each from the SIX Swiss Exchange.

The last trading day and the effective date of delisting will be determined when the legally binding squeeze-out of remaining shareholders occurs.

SIX Exchange Regulation AG has granted Sunrise various exemptions from reporting obligations, which will take effect upon publication of this ad hoc announcement.

Sunrise is merging with Liberty Global-owned UPC Switzerland to form Sunrise UPC under Liberty Global’s ownership.

Sunrise has also announced that its CEO Uwe Schiller will leave the company at the end of March.

Schiller started at Sunrise in November 1999 and played a key role in the company’s IPO in 2015 as well as the deal that resulted in the combination of Sunrise and UPC.

He will continue to support Sunrise by operationally managing the year-end closing and supporting the transition to the new CFO, Liberty Global’s

Jany Fruytier.

Fruytier has been CFO of UPC Poland for the past four years, with an enlarged responsibility of being CFO for Liberty Global Eastern Europe since January 2020. Before this he held several strategic finance roles across the Liberty Global family, spanning The Netherlands, Switzerland and Poland. Jany joined in 2013. Prior to joining Liberty Global, he worked for a private equity fund in the Netherlands.