SIX Exchange Regulation began an investigation into possible breaches by Sulzer AG of the disclosure provisions of the Directive on Information relating to Corporate Governance and of reporting obligations.
SIX Exchange Regulation being entrusted by SIX Swiss Exchange Ltd with the tasks of monitoring and enforcing issuers’ obligations carries out spot checks of corporate governance reports of primary-listed companies. Due to such a check SIX Exchange Regulation began an investigation into possible breaches by Sulzer AG of the disclosure provisions of the Corporate Governance Directive in connection with the bank’s 2008 annual report.
Also under investigation is Sulzer’s failure to provide SIX Exchange Regulation with the report of a new contact person in due time (reporting obligations).
Investigatory proceedings will continue for an indefinite period. SIX Exchange Regulation will announce its findings, although no information will be provided while the proceedings are ongoing.