Corporate structure and shareholders
Adval Tech Holding AG, incorporated in Niederwangen, Switzerland, is organized as a holding company under Swiss law and directly or indirectly owns all Adval Tech companies worldwide. The Adval Tech Group concentrates on selected activities in the business with metal and plastic components and focuses on the automotive market and related applications. The operating business units, with the exception of Adval Tech (Grenchen) AG, report directly to the Chief Executive Officer (CEO). Adval Tech (Grenchen) AG has reported to the managing director of the Niederwangen location of Adval Tech (Switzerland) AG since April 2019.
Group management and group financing are conducted through Adval Tech Management AG and Adval Tech Holding AG. Business is conducted through the relevant Group companies. The current Group structure is shown on page 31.
Adval Tech has a single class of shares (registered shares). All registered shares are listed on SIX Swiss Exchange under securities number 896 792 and are traded in line with the Swiss Reporting Standard.
The SIX Swiss Exchange ticker symbol for Adval Tech registered shares is ADVN, the Reuters symbol is ADVN.S, and the Bloomberg symbol is ADVN SW. The ISIN number is CH0008967926. The market capitalization of Adval Tech Holding AG on December 31, 2019, was CHF 124.1 million.
On December 31, 2019, Adval Tech Management AG held 96 registered shares in Adval Tech Holding AG (previous year: no registered shares). The remaining group companies hold no shares in Adval Tech Holding AG.
The following companies are included in the scope of consolidation on December 31, 2019: