General Announcement::Notice: Bank Julius Baer Singapore concludes share accumulator dispute

Issuer & Securities

Issuer/ Manager
JULIUS BAER GROUP LTD.
Securities
JULIUS BAER S$450M5.9%PERPBOND - XS1322369338 - 37KB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
28-Sep-2016 21:51:07
Status
New
Announcement Sub Title
Notice: Bank Julius Baer Singapore concludes share accumulator dispute
Announcement Reference
SG160928OTHRW76U
Submitted By (Co./ Ind. Name)
Olivier Staehli
Designation
Corporate Communications
Description (Please provide a detailed description of the event in the box below)
On 27 September 2013 Julius Baer announced a writ of summons had been filed in the High Court of Singapore naming Bank Julius Baer & Co. Ltd. Singapore branch ( the Bank ) as one of the defendants with an underlying claim amounting to about SGD 94 million and HKD 186 million (further or alternatively, damages to be assessed by the court) plus interest and costs stemming from a dispute over damages/losses allegedly incurred by the plaintiffs arising from share accumulator transactions in 2007 and 2008. The plaintiffs case has, by consent, been dismissed with costs by the High Court of Singapore and concluded for the Bank.

Attachments

2016-09-27_JuliusBaer_ShareAccumulatorDispute_Notice_EN.pdf
Total size =45K