The Swissgrid Board of Directors has resolved to acquire further parts of the transmission grid system as of 3 January 2018 and will propose the necessary capital increase to the shareholders. The corresponding amendments to the articles of incorporation are to be approved by the Federal Council in December 2017.
Swissgrid intends to acquire additional facilities pertaining to the transmission grid as at 3 January 2018. The total provisional value of these facilities totals CHF 2.3 million. In the autumn of 2018, the value will be adjusted to balance out the difference between the book values and the system values imposed by the Swiss Electricity Commission (ElCom) during 2018. As with acquisition transactions completed at the start of 2013, 2014, 2015 and 2016, the previous owner will receive compensation, 30% of which will be Swissgrid shares and 70% loans. As the result of a capital increase, new Swissgrid shares are created for that with a nominal value of CHF 0.2 million (half of them are registered A shares and registered B shares). The nominal share capital thereby increases to CHF 318.1 million.
Changes to Swissgrid Ltd’s articles of incorporation resulting from the transactions are to be approved in December 2017 by the Federal Council.