Altin AG EGM Statement

 
TIDMAIA 
 
 

ALTIN - Request by Alpine Select to call an Extraordinary General Meeting

Baar, 3 February 2016 - The Board of Directors of ALTIN AG (SIX: ALTN, LSE: AIA), informs that Alpine Select AG and Absolute Invest AG, shareholders in ALTIN with combined holdings of 1'118'170 shares, equalling 32.41% of voting rights have called for an Extraordinary General Meeting to take place by 16 March 2016.

Alpine Select AG and Absolute Invest AG have called for the following items to be brought forward.

 
 
    -- Accumulation of a dividend: the payout of a dividend of CHF 

20.00 per share, paid out of retained earnings.

 
    -- Composition of the Board of Directors: the removal of Mssrs. 

Peter Altorfer, Eric Syz and André Pabst. Alpine Select AG and

Absolute Invest AG have proposed the election of Mssrs. Thomas

Amstutz, Gerhard Niggli and Dieter Dubs.

According to the Swiss Code of Obligations, article 699, para 3, the calling of an Extraordinary General Meeting of shareholders may be requested by one or more shareholders representing together at least 10% of the share capital.

The Board of Directors of ALTIN will examine the requests of Alpine Select and Absolute Invest AG and communicate its position in due course.

For further information, please contact:

 
Tony Morrongiello - Chief Executive Officer   Kinlan Communications 
Tel. [phone]                      David Hothersall 
                                              Tel. [phone] 
[e-mail]                                 [e-mail] 
 
 
 
 

View source version on businesswire.com: http://www.businesswire.com/news/home/20160203006130/en/

 
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(END) Dow Jones Newswires

February 03, 2016 12:30 ET (17:30 GMT)