Cicor Technologies Ltd. is committed to meeting the highest standards of Corporate Governance that seek to balance entrepreneurship, control and transparency whilst ensuring efficient decision-making processes.
This report explains how the management and control of the Company are organized and provides background information on the Group’s executive officers and bodies, effective as of 31 December 2023. The report complies with the SIX Swiss Exchange Directive on Information relating to Corporate Governance. In addition, the report considers Cicor Technologies Ltd.’s Articles of Incorporation as well as the Company’s internal regulation.
In the following Corporate Governance Report, the terms “Cicor” and “Company” shall be used alternatively for “Cicor Technologies Ltd.” and the term “Group” for the Company and its subsidiaries.
Cicor Technologies Ltd. is registered in Boudry, Switzerland, and is the parent company of the Cicor Group. The Company is listed on the SIX Swiss Exchange. Cicor Group consists of the EMS and AS division. An overview of the Group's affiliated companies is disclosed in note 3 of the consolidated financial statements.
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Market capitalization as of 31 December 2023 in CHF million |
220.6 |
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Security symbol |
CICN |
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Security number |
870 219 |
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ISIN |
CH008702190 |
The following shareholdings correspond to the ones reported according to the regulations of the Swiss Stock Exchange (SIX Swiss Exchange) and updated as in the shares register per year-end:
|
Shareholders |
31.12.2023 No of shares |
in % 1) |
31.12.2022 No of shares |
in % 1) |
|
OEP 80 B.V., Amsterdam, Netherlands 2) |
851 705 |
24.97 |
851 705 |
24.98 |
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Lock-up Group Axis Electronics Management, Milton Keynes, United Kingdom 3) |
– |
- |
265 607 |
7.79 |
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Cicor Technologies Ltd., Boudry, Switzerland 4) |
249 404 |
7.31 |
241 916 |
7.10 |
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LLB (Swiss) Investment AG, Zurich, Switzerland |
128 075 |
3.75 |
115 757 |
3.40 |
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FundPartner Solutions (Suisse) SA, Geneva, Switzerland |
111 649 |
3.27 |
111 649 |
3.27 |
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Escatec Holdings Ltd., Port Vila, Vanuatu 5) |
111 465 |
3.27 |
111 465 |
3.27 |
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Quaero Capital SA, Geneva, Switzerland |
107 898 |
3.16 |
- |
- |
1) In % of the total registered shares as per the end of the year.
2) Beneficial owner: OEP VIII GP, L.L.C., Wilmington, USA.
3) The Lock-up Group was terminated on 10 November 2023 and all of the individual shareholders are below the reporting threshold.
4) Number of shares according to the Company's share register.
5) Beneficial owner: Christophe Albin, Verbier, Switzerland.
Disclosure notifications pertaining to shareholdings in Cicor Technologies Ltd. have been reported to the disclosure office of the SIX Swiss Exchange in accordance with Art. 120 of the Financial Market Infrastructure Act (FMIA) and published on its electronic publication platform which can be accessed via the following link:
Cicor Technologies Ltd. has received no notice of any shareholders’ agreement regarding its shares. As of 31 December 2023, a total of 1 058 (previous year 1 026) shareholders with voting rights were registered in the share register of Cicor Technologies Ltd.
Cicor Technologies Ltd. has no cross-shareholdings with any other company exceeding a reciprocal 5 % of capital or voting rights.