Vonban Swiss: Lexum, Hawarian and the Luxembourg Schick investment

analysisSchick Holding S.à r.l., Luxembourg B277092, was incorporated by deed on 20 April 2023; publication followed on 5 May. It is separate from the Cyprus Schick Holding Ltd., HE490017, incorporated in March 2026. The Luxembourg company’s later deeds identify both its shareholders and a change of corporate office. The two Schick names are not interchangeable. Management, ownership and location are separate facts, and incorporation must not be dated from a later publication alone. ^{1 2 3}

analysisOn 24 September 2024, Lexum Investment Ltd., Cyprus HE391987, subscribed for 12,500 new shares in Schick Holding S.à r.l. The company’s capital increased from EUR12,500 to EUR25,000. The resulting table gives 12,500 shares to Sevak Hawarian and 12,500 to Lexum, an equal division at that date. Shevchenko’s officer position in Lexum does not prove that he personally owns Lexum’s 50% Schick interest. The deed identifies the corporate subscriber and Hawarian; it is not a complete ultimate-ownership chain. ²

analysisLexum paid for its Schick subscription with a receivable against Hawarian valued at EUR56,000. EUR12,500 went to nominal capital and EUR43,500 to the share-premium account. The deed records a valuation certificate issued by the subscriber and acknowledged by the company’s management. This was an in-kind contribution of a claim, not EUR56,000 of new cash paid into a bank account. The retained deed does not establish the original commercial reason for the receivable or a separate finding that the valuation was improper. ²

analysisThe August 2026 register notice removes Hawarian as sole manager of Schick Holding S.à r.l. and appoints Riccardo Giuliano Maria Aureggi from 20 August. A separate shareholders’ meeting on 31 August still identifies Hawarian and Lexum as representing the whole EUR25,000 capital and moves the company’s office from Senningen to Hosingen. Hawarian’s departure as manager does not show that he sold his shares. The later meeting confirms the two shareholders but does not repeat their individual share counts; the exact 50/50 table remains the September 2024 snapshot. ^{3 4 5}

analysisAn October 2025 Luxembourg notice identifies Lexum Investment by the same Cyprus number HE391987 and records its office change from Griva Digeni in Limassol to Thrakis 19 in Germasogeia. Jacobus Christoffel van Tonder signed as accountant and agent. This documented address change explains why the 2024 capital deed and later directories give different offices. The signature is an accountant/agent capacity for the filing, not a board appointment or proof of personal ownership. An office address shared with other companies does not create an equity link. ^{2 6}