EX-5.1 2 a19-7923_1ex5d1.htm EX-5.1

Exhibit 5.1

Alcon Inc.

Homburger AG

Rue Louis-d’Affry 6

Prime Tower

1701 Fribourg, Switzerland

Hardstrasse 201 | CH—8005 Zurich

Switzerland

P.O. Box 314 | CH—8037 Zurich

 

 

 

T +41 43 222 10 00

 

F +41 43 222 15 00

 

lawyers@homburger.ch

 

April 10, 2019 GEF | SRC

330396|9883541v2

 

Alcon Inc.

 

Ladies and Gentlemen

 

We have acted and are acting as special Swiss counsel to Alcon Inc., a company limited by shares incorporated under the laws of Switzerland (the Company), in connection with the Registration Statement on Form S-8 (the Registration Statement) to be filed with the United States Securities and Exchange Commission (the SEC) on the date hereof under the Securities Act of 1933, as amended (the Act), with respect to the registration of an additional 22,250,000 registered shares of the Company, each with a par value of CHF 0.04 (the Registered Shares), that may be delivered pursuant to the Plan (as defined below). As such counsel, we have been requested to give our opinion as to certain legal matters under Swiss law.

 

Capitalized terms used herein shall have the meaning attributed to them in the Documents unless otherwise defined herein.

 

I.                                        Basis of Opinion

 

This opinion is confined to and given on the basis of the laws of Switzerland in force at the date hereof as currently applied by the Swiss courts. In the absence of explicit statutory law, we base our opinion solely on our independent professional judgment. This opinion is also confined to the matters stated herein and is not to be read as extending, by implication or otherwise, to any document referred to in the Documents (other than listed below) or any other matter.

 

For purposes of this opinion we have not conducted any due diligence or similar investigation as to factual circumstances, which are or may be referred to in the Documents, and we express no opinion

 


 

as to the accuracy of representations and warranties of facts set out in the Documents or the factual background assumed therein.

 

For the purpose of giving this opinion, we have only examined originals or copies of the following documents (collectively the Documents):

 

(i)                           A copy of the resolution passed by the shareholder of the Company at the Company’s general meeting held on January 29, 2019 (the Shareholder Resolution), as reflected in the minutes of such meeting, dated January 29, 2019, regarding the approval by the Company’s shareholders of the creation of an authorized capital in the amount of 24,435,000 fully paid up new Registered Shares for the purpose of any share-based incentive or other participation plans, schemes or arrangements for directors, employees or advisors of the Company or its consolidated subsidiaries (the Authorized Capital);

 

(ii)                        A copy of the minutes of the meeting of the Company’s board of directors, dated as of April 9, 2019 (the Board Resolutions), including, among other things, a resolution approving:

 

·             Alcon Inc. Long Term Incentive Plan re 20,000,000 Registered Shares;

 

·             Alcon Inc. Deferred Bonus Stock Plan re 1,500,000 Registered Shares;

 

·             Alcon Swiss Employee Share Ownership Plan re 475,000 Registered Shares;

 

·             Alcon Laboratories Ireland Share Participation Scheme re 200,000 Registered Shares;

 

·             Alcon Inc. UK Share Incentive Plan re 75,000 Registered Shares

 

(altogether the Plans)

 

(iii)                     A copy of the Plans, effective April 10, 2019;

 

(iv)                    A copy of the Articles of Association (statuts) of the Company in the form as deposited with the Commercial Register of the Canton of Fribourg, Switzerland, dated as of January 29, 2019 (the Articles of Association);

 

(v)                       A copy of the Regulations of the Board (règlement d’organisation) of the Company, dated as April 9, 2019 (the Board Regulations); and

 

(vi)                    A copy of an electronic excerpt from the Commercial Register of the Canton of Fribourg, Switzerland, for the Company, dated as of April 9, 2019 (the Excerpt).

 

No documents, other than the Documents, have been reviewed by us in connection with this opinion. Accordingly, we shall limit our opinion to the Documents and their legal implications under Swiss law.

 

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In this opinion, Swiss legal concepts are expressed in English terms and not in their original language. These concepts may not be identical to the concepts described by the same English terms as they exist under the laws of other jurisdictions.

 

II.                                   Assumptions

 

In rendering the opinion below, we have assumed the following:

 

(a)                       The filing of the Registration Statement with the SEC has been authorized by all necessary actions under all applicable laws other than Swiss law;

 

(b)                       all copies, fax copies or electronic versions of the documents produced to us conform to the respective original documents and the originals of such documents were executed in the manner and by the individuals appearing on the respective copies;

 

(c)                        all signatures appearing on all original documents or copies thereof which we have examined are genuine;

 

(d)                       all factual information contained in, or material statements given in connection with, the Documents are true and accurate;

 

(e)                        the Documents are within the capacity and power of, and have been validly authorized and executed by the Company;

 

(f)                         the Registration Statement has been filed by the Company;

 

(g)                        any Registered Shares issued out of the Authorized Capital will be listed on the New York Stock Exchange in accordance with applicable laws and regulations;

 

(h)                       all authorizations, approvals, consents, licenses, exemptions and other requirements for the filing of the Registration Statement or for any other activities carried on in view of, or in connection with, the performance of the obligations expressed to be undertaken by the Company in the Registration Statement have been duly obtained and are and will remain in full force and effect, and any related conditions to which the parties thereto are subject have been satisfied;

 

(i)                           to the extent the Company issues Registered Shares out of Authorized Capital against cash, the performance of the contribution in money shall be made at a banking institution subject to the Federal Law of November 8, 1934, Relating to Banks and Savings Banks, as amended;

 

(j)                          the Excerpt, the Articles of Association, Organizational Regulations and the other Documents are correct, complete and up-to-date; and

 

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(k)                       each of the Shareholder Resolution and the Board Resolutions has been duly resolved in a meeting duly convened and otherwise in the manner set forth therein, and (y) has not been rescinded or amended and is in full force and effect.

 

III.                              Opinion

 

Based on the foregoing and subject to the qualifications set out below, we are of the opinion that as of the date hereof:

 

1.                            The Company is a corporation (société anonyme) duly incorporated and validly existing under the laws of Switzerland with all requisite corporate power and authority to enter into, to perform and to conduct its business as described in the Articles of Association.

 

2.                            The Company’s share capital registered in the Commercial Register of the Canton of Fribourg amounts to CHF 19,548,000, divided into 488,700,000 Registered Shares with a par value of CHF 0.04 each. Such Registered Shares have been validly issued, fully paid as to their nominal value and are non-assessable.

 

3.                            The Registered Shares that may be issued from the Authorized Capital, if and when such Registered Shares are issued pursuant to a resolution of the Board and registered with the competent commercial register, and after the nominal amount for such Registered Shares has been paid-in in cash, in kind or by way of set-off, will be validly issued, fully paid as to their nominal value and non-assessable.

 

IV.                               Qualifications

 

The above opinions are subject to the following qualifications:

 

(a)                       The lawyers of our firm are members of the Zurich bar and do not hold themselves out to be experts in any laws other than the laws of Switzerland. Accordingly, we are opining herein as to Swiss law only and we express no opinion with respect to the applicability thereto, or the effect thereon, of the laws of any other jurisdiction.

 

(b)                       The exercise of voting rights and rights related thereto with respect to any Registered Shares is only permissible after registration in the Company’s share register as a shareholder with voting rights in accordance with the provisions of, and subject to the limitations provided in, the Articles of Association.

 

(c)                        We express no opinion as to any commercial, accounting, tax, calculating, auditing or other non-legal matter.

 

(d)                       We have not investigated or verified the truth or accuracy of the information contained in the Registration Statement, nor have we been responsible for ensuring that no material information has been omitted from it.

 

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(e)                        Any issuance of the Registered Shares out of Authorized Capital must be confirmed by the auditor of the Company, and amended Articles of Association of the Company reflecting the issuance of Registered Shares from Authorized Capital, together with said confirmation by the Company’s auditor, must be filed with the competent commercial register.

 

We have issued this opinion as of the date hereof and we assume no obligation to advise you of any changes that are made or brought to our attention hereafter.

 

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act.

 

This opinion is governed by and shall be construed in accordance with the laws of Switzerland.

 

Sincerely yours

/s/ Homburger AG

 

 

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