EANS-Adhoc: Bank Sarasin + Cie AG / Closing completed, new Sarasin board elected and mandatory offer announced (with document)

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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31.07.2012

The closing of the sale of Rabobank's majority shareholding in Bank
Sarasin & Co. Ltd to the Safra Group was completed on 31 July 2012.
As a result of the closing, Safra now holds 50.15% of the share
capital and 71.01% of the voting rights of Bank Sarasin. Following
Safra's acquisition of the majority stake, Bank Sarasin will in the
future be included in the scope of consolidation of J. Safra Holding
AG, Basel.

At the Extraordinary General Meeting (EGM) of Shareholders of Bank
Sarasin & Co. Ltd in the afternoon of 31 July 2012, shareholders
approved all the resolutions submitted by the Board of Directors. The
new Board of Directors was elected and will constitute itself as
follows: Pierre-Alain Bracher (Chairman), Hans-Rudolf Hufschmid
(Vice-Chairman), Philippe Dupont, Sergio Penchas, Jacob J. Safra,
Sipko N. Schat, Marcelo Szerman and Dagmar G. Woehrl. Existing
members stepping down from the former Board - Christoph Ammann
(Chairman), Peter Derendinger and Pim W. Mol - were thanked for their
services and given discharge for the financial year 2012 up to and
including 31 July 2012.

Furthermore Safra today has announced its intention to launch an
offer to purchase the publicly held Class B registered shares of Bank
Sarasin & Co. Ltd at CHF 27.00 per share. Please consult the attached
media release of Safra, dated 31 July 2012, for further details.

Attachments with Announcement:
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http://resources.euroadhoc.com/us/MKtHTFUm
http://resources.euroadhoc.com/us/hrYPe8yk

Further inquiry note:
Dr. Benedikt Gratzl
Head of Corporate Communications
T: +41(61) 277 70 88
Benedikt.Gratzl@sarasin.ch

end of announcement euro adhoc
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Attachments with Announcement:
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http://resources.euroadhoc.com/us/MKtHTFUm
http://resources.euroadhoc.com/us/hrYPe8yk

issuer: Bank Sarasin + Cie AG
Elisabethenstrasse 62
CH-4002 Basel
phone: +41 (61) 277 77 77
FAX: +41 (61) 272 02 05
mail: info@sarasin.ch
WWW: www.sarasin.ch
sector: Banking
ISIN: CH0038389307
indexes: SPIEX, SPI ex SLI
stockmarkets: official dealing/general standard: SIX Swiss Exchange
language: English