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Form 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of November, 2007
SCOR HOLDING (Switzerland) Ltd.
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(Translation of registrant's name into English)
General Guisan-Quai 26
8002 Zurich
Switzerland
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
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Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
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If "Yes" is marked, indicate the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- Not Applicable
News release
Zurich, Switzerland - November 28, 2007 - SCOR Holding (Switzerland) Ltd.
informs about redemption of USD 200 Million Guaranteed Subordinated Notes and
exemption from disclosure rules
SCOR Holding (Switzerland) Ltd. informs that it has initiated the
redemption of all of the outstanding Converium Finance S.A. 8.25% Guaranteed
Subordinated Notes (the "Notes") due 2032, totalling USD 200,000,000 in
aggregate principal amount.
The redemption date is 24 December 2007. The Notes will be redeemed at a price
of the aggregate principal amount plus an amount equal to the accrued interest
payments to the redemption date. The CUSIP number for the Notes is 21248Y202.
A Notice of Redemption has been distributed by The Bank of New York, the trustee
for the Notes.
SCOR Holding (Switzerland) Ltd., furthermore, informs that the Admission Board
of the SWX Swiss Exchange decided on 23 November 2007, based upon article 76 of
the Listing Rules, to grant SCOR Holding (Switzerland) Ltd. an exemption from
the disclosure rules (ad-hoc disclosure, disclosure obligations according to
Circular Nr. 1 Addendum 1 - participation rights, management transactions and
accounting rules).
The exemption was the result of a request of SCOR Holding (Switzerland) Ltd. and
was made in conjunction with the pending cancellation action brought by SCOR SE
before the Commercial Court of the Canton of Zurich (which is expected to be
completed by the end of the 1st quarter 2008), with respect to the remaining
shares of SCOR Holding (Switzerland) Ltd. not owned by the SCOR Group in
accordance with article 33 of the Federal Act on Stock Exchanges and Securities
Trading.
This exemption is valid until 31 Mai 2008 and will fall away with immediate
effect, should the pending action for cancellation of outstanding stock be
withdrawn by SCOR SE or dismissed by the Commercial Court of the Canton of
Zurich.
Enquiries
Communications Marco Circelli
Phone: +41 44 639 90 22 Head of Investor Relations
Fax: +41 44 639 70 22 marco.circelli@converium.com
Phone: +41 44 639 91 31
Fax: +41 44 639 71 31
Inken Ehrich
Investor Relations Specialist
inken.ehrich@converium.com
Phone: +41 44 639 90 94
Fax: +41 44 639 70 94
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
SCOR Holding (Switzerland) Ltd.
By: /s/ Benjamin Gentsch
Name: Benjamin Gentsch
Title: CEO
By: /s/ Chris Wing
Name: Chris Wing
Title: CFO
Date: 28 November 2007