Zürcher Tonhalle Gesellschaft becomes AG
The former Tonhalle-Gesellschaft Zürich association has decided to transfer its assets and liabilities as well as all contractual and employment relationships to a newly founded public limited company.
Following the transfer of assets, Tonhalle-Gesellschaft Zürich AG intends to carry out an ordinary increase in the share capital of CHF 100,000 to a maximum of CHF 2,650,000 at an Extraordinary General Meeting. The date of the Extraordinary General Meeting can only be set once it is foreseeable that the Municipal Council of the City of Zurich will approve the transfer of the subsidy agreement.
A subsidy agreement exists between the City of Zurich and the Tonhalle-Gesellschaft Zürich association, in which the City of Zurich undertakes to make contributions to the association on a calendar-year basis. As part of the restructuring, the subsidy agreement must be transferred and adapted to Tonhalle-Gesellschaft Zürich AG with the approval of Zurich City Council.
The total nominal amount by which the nominal share capital is to be increased through the issue of a maximum of 25,500 fully paid-up registered shares with a nominal value of CHF 100 is a maximum of CHF 2,550,000. 23,000 registered shares will be offered to the public at an issue price of CHF 400 and 2,500 registered shares will be offered to the City of Zurich at an issue price of CHF 100.
More info: https://tonhalle.ch/ueber-uns/die-liebhaberaktie/
