Swissgrid’s entry in the commercial register on 6 January 2020 recorded additional share capital in the commercial register because the first valuation adjustment for the transmission grid systems transferred to Swissgrid on 3 January 2019 resulted in a positive change in value.
Following issuance of the corresponding rulings by the Swiss Electricity Commission (EICom), the first valuation adjustment for the transmission grid systems transferred to Swissgrid on 3 January 2019 resulted in an overall positive change in value. The previous owner is being compensated for the investment in their transmission grid systems with 30% of the value being in Swissgrid shares and 70% of the value being in a loan claim against Swissgrid. In exchange, in connection with the existing conditional capital, new Swissgrid shares with a par value of CHF 1,364,423.00 were issued (one half each «A» registered shares and «B» registered shares) and recorded in the commercial register on 6 January 2020.
Changes to the shareholder base
The valuation adjustment results in slight changes to Swissgrid Ltd’s shareholder base.