Group structure and ownership
Structure of the operating activities of the Comet Group in 2020
The Group’s commercial activities are divided into three divisions: Plasma Control Technologies (PCT), X-Ray Systems (IXS) and Industrial X-Ray Modules (IXM). Financial reporting is segmented along these divisional lines. The financial data for the individual divisions is found in the segment reporting within the notes to the consolidated annual financial statements, beginning on page 67 of this annual report. Effective November 30, 2020, Comet sold the ebeam lamp production business to Tetra Pak eBeam Systems SA, Pully, Switzerland. Assets and liabilities remaining with Comet after the divestiture were allocated to other divisions of the Group according to their intended use, and the EBT division was dissolved with effect from January 1, 2021.
Listed Group company: Comet Holding AG
Comet Holding AG (the “Company”) is the Group’s only company listed on a stock exchange. The Company’s registered office is in Flamatt, Switzerland. The registered shares of Comet Holding AG have been listed in the main market segment of the SIX Swiss Exchange in Zurich since December 17, 2002.
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Ticker symbol |
COTN |
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Swiss security number |
36082699 |
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ISIN |
CH0360826991 |
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Closing price at December 31, 2020 |
CHF 198.20 |
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Market capitalization at December 31, 2020 |
CHF 1,540 million |
Assorted data on the stock of Comet Holding AG is provided on page 17 of the annual report.
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Company |
Registered office |
Currency |
Capital stock |
Equity interest in % * |
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2020 |
2019 |
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Comet AG |
Flamatt, Switzerland |
CHF |
2,000,000 |
100% |
100% |
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Comet Electronics (Shanghai) Co. Ltd. |
Shanghai, China |
CNY |
5,466,148 |
100% |
100% |
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Comet Mechanical Equipment (Shanghai) Co. Ltd. |
Shanghai, China |
CNY |
1,655,420 |
100% |
100% |
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Comet Technologies USA, Inc. |
Shelton, CT, USA |
USD |
1,000 |
100% |
100% |
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Comet Technologies Korea Co. Ltd. |
Suwon, Korea |
KRW |
500,000,000 |
100% |
100% |
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Yxlon International GmbH |
Hamburg, Germany |
EUR |
110,000 |
100% |
100% |
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Comet Technologies Denmark A/S 1 |
Taastrup, Denmark |
DKK |
601,000 |
100% |
100% |
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Yxlon International KK |
Yokohama, Japan |
JPY |
10,000,000 |
100% |
100% |
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Yxlon (Beijing) X-Ray Equipment Trading Co. Ltd. |
Beijing, China |
CNY |
1,077,000 |
100% |
100% |
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Comet Technologies Malaysia Sdn. Bhd. |
Penang, Malaysia |
MYR |
3,000,000 |
100% |
– |
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Object Research Systems (ORS) Inc. |
Montreal, Canada |
CAD |
15,001,000 |
100% |
– |
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Comet Solutions Taiwan Ltd. |
Hsinchu County, Taiwan |
TWD |
5,000,000 |
100% |
– |
* Comet Holding AG also holds 100% of the voting rights in all companies.
1 Company renamed to "Comet Technologies Denmark A/S" from "Yxlon International A/S".
Registered shareholders
At December 31, 2020, Comet Holding AG had 3,853 voting shareholders of record (i.e., voting shareholders registered in the share register; prior year: 3,932). Of the total issued registered stock, 100% (prior year: 100%) represented free float. Comet Holding AG thus held no treasury stock at December 31, 2020 (prior year: nil).
The structure of share ownership size classes among the shareholders of record at December 31, 2020 was as follows:
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Number of shares |
Number of shareholders |
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1 to 1,000 |
3,482 |
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1,001 to 10,000 |
313 |
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10,001 to 50,000 |
48 |
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50,001 to 100,000 |
5 |
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More than 100,000 |
5 |
This analysis includes only the stock of shareholders who were registered in the share register. At December 31, 2020 the shares of unregistered owners amounted to 36% of the total (prior year: 31%).
Significant shareholders
Ownership interests in companies domiciled in Switzerland whose shares are listed at least partly in Switzerland must be notified both to the issuer company and to the SIX Swiss Exchange when the holder’s voting rights reach, increase above or fall below certain thresholds. These notification thresholds are 3%, 5%, 10%, 15%, 20%, 25%, 33 ⅓%, 50% and 66 ⅔% of voting rights. The relevant details are set out in the Swiss Stock Exchange Act (BEHG) and in the Ordinance of the Swiss Financial Market Supervisory Authority on Stock Exchanges and Securities Trading (the FINMA Stock Exchange Ordinance).
At December 31, 2020 the Company, according to disclosure notifications, had the following significant shareholders (defined for this purpose as shareholders with voting rights of 3% or more of the Comet capital stock recorded in the Swiss commercial register of companies):
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Beneficial owner |
Direct shareholder |
Share of voting rights as disclosed by shareholders |
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Haldor Foundation |
Tringle Investment Pte Ltd |
10.13% |
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Pictet Asset Management SA (Direction de Fonds) |
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5.07% |
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UBS Fund Management (Switzerland AG) |
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3.63% |
The Company has not been notified of nor is aware of any other shareholders that held 3% or more of its shares. To the best of the Company’s knowledge, there were no voting pool agreements.
Reportable changes during the fiscal year
In the fiscal year, 14 reportable announcements were published. For a complete list of all announcements under section 20 BEHG, refer to the publication platform of the disclosure section of the SIX Swiss Exchange: www.six-exchange-regulation.com/en/home/publications/significant-shareholders.html
Cross-shareholdings
There were no cross-shareholdings with other publicly traded companies.