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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Altin Reg | LSE:AIA | London | Ordinary Share | CH0014424524 | REG SHS CHF17 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 51.225 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMAIA
Request by Alpine Select to call an Extraordinary Shareholders' Meeting
Baar, 13 May 2016 - ALTIN AG (SIX: ALTN, LSE: AIA) informs thatAlpine Select requests to convene an Extraordinary Shareholders' Meeting for ALTIN AG for the purpose of taking a decision with regards to a distribution of a special dividend.
Alpine Select currently holds directly and indirectly 58.5% of ALTIN shares. Alpine Select has requested ALTIN's Board of Directors to call an extraordinary shareholders' meeting. According to the motion submitted, shareholders are asked to decide at the meeting on a cash distribution in the total amount of CHF 24.00 per registered ALTIN share. The total distribution of CHF 24 per registered ALTIN share is - according to the relevant shareholder request - to be executed by means of a capital reduction by repayment of par value in the amount of CHF 16.97 per share and by means of a distribution of a special dividend out of "reserves from capital contributions" in the amount of CHF 7.03 per share.
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 make a further communication in due course.
For further information, please contact:
Tony Morrongiello - Chief Executive Officer Tel. +41 (0)41 760 62 60 info@altin.ch Media enquiries for the United Kingdom Media enquiries for Switzerland Kinlan Communications Hirzel.Neef.Schmid. Konsulenten AG David Hothersall Jürg Wildberger Tel. +44 (0)20 7638 3435 Tel. +41 (0)79 351 10 24 davidh@kinlan.net juerg.wildberger@konsulenten.ch
Note to Editors
About ALTIN AG
ALTIN AG was launched in 1996 and is listed on the SIX Swiss Exchange as well as on the London Stock Exchange. It ranks among Switzerland's leading alternative investment companies. Currently, ALTIN is invested in more than 40 hedge funds representing diverse investment strategies. Its objective is to generate an absolute compound annual return in USD terms with lower volatility than equity markets. Owing to these characteristics and a low correlation with equity markets, ALTIN shares provide an ideal complement for all diversified portfolios.
www.altin.ch
View source version on businesswire.com: http://www.businesswire.com/news/home/20160513005630/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
May 13, 2016 12:30 ET (16:30 GMT)
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