Investors Space

Statement regarding the recent remarks made by GreenWood Capital

The allegations by the American activist investor GreenWood that Swatch Group is violating Swiss law are completely false and Swatch Group reserves all rights in this regard. Swatch Group acts in compliance with all applicable laws and regulations.

We recall that the candidacy of this American activist investor to the Board of Directors was rejected by the shareholders at the Annual General Meeting 2025 with over 79.2% of votes against for important reasons, in accordance with the case law of the Swiss Federal Supreme Court, which states that the Annual General Meeting has the right to reject the election of a representative of a class of shares to the Board of Directors for important reasons. GreenWood Investors' assertion that the rejection by the Annual General Meeting is "illegal" is simply false.

A vote of the bearer shareholders on the election of Mr. Steven Wood as representative of the bearer shareholders was also held at the 2025 Annual General Meeting and the result was published. How this vote must be conducted is demonstrably not prescribed by law. GreenWood Investors' assertion that such a vote must be held in a separate voting round is therefore also incorrect.

Swatch Group is domiciled in Switzerland and therefore Swiss law applies to the company, which Swatch Group has complied with from the beginning - regardless of false claims by an American activist investor.