Sunrise Communications AG ("Sunrise") is an independent, publicly traded Swiss company following its spin-off from Liberty Global Ltd in November 2024. Sunrise has in issue two classes of shares: Class A Shares and Class B Shares.
The Class A Common Shares with a nominal value of CHF 0.10 per share are listed on SIX Swiss Exchange (“SIX”) under the ticker symbol “SUNN”. Each Class A Common Share carries one vote per share.
The Class B Shares, with a nominal value of CHF 0.01 per share, also carry one vote per share but have one-tenth of the economic entitlement of the Class A Common Shares. The Sunrise Class B Shares are not listed on SIX or any other exchange. Class B Shares can be exchanged for Class A Shares in accordance with the terms of Sunrise’s articles of association at a ratio of 10 Class B Shares for one Class A Share.
The spin-off of Sunrise from Liberty Global was successfully completed on 8 November 2024. To facilitate efficient initial settlement mechanics for a Swiss listed security, Liberty Global determined to deliver all Sunrise Shares distributed in the spin-off initially in the form of Sunrise ADSs (American Depositary Shares).
Each Sunrise Class A Common Share and Sunrise Class B Share distributed in the spin-off have been in the form of one Sunrise Class A ADS and one Sunrise Class B ADS, respectively.
Sunrise announced 15 August 2025 as last trading day for Sunrise Class A American Depositary Shares on Nasdaq. Sunrise also expects to terminate the sponsored ADS programs for both the Sunrise Class A and Class B ADSs within 90 days following the last trading day of the Sunrise Class A ADSs on Nasdaq, which would be on or around 13 November 2025.
For further information regarding the different share classes and ADSs, please refer to the Q&A section.