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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
Statement regarding Non-Mainstream Pooled Investment Products
Baar, 15 September 2014 - ALTIN AG (LSE:AIA) (SWX:ALTN), the Swiss alternative investment company notes the rules of the UK's Financial Conduct Authority ("FCA") on the promotion of non-mainstream pooled investments, effective from 1 January 2014.
The Board confirms that it conducts the Company's affairs, and intends to continue to conduct its affairs, so that the Company's shares will be "excluded securities" under these rules.
This is on the basis that the Company would qualify for approval as an investment trust if resident and listed in the United Kingdom. Therefore, the Company's shares will not amount to non-mainstream pooled investments. Accordingly the Board believes that the promotion of the Company's shares will not be subject to the FCA's restriction on promotion of non-mainstream pooled investments. The Company will make a further announcement if at any time it changes its policies, or if circumstances outside its control are such that the Company's shares would no longer fall within the definition of "excluded securities".
For further information, please contact:
Tony Morrongiello - Chief Executive Officer Kinlan Communications Tel. +41 (0)41 760 62 60 David Hothersall Tel. +44 (0)20 7638 3435 info@altin.ch davidh@kinlan.net
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
This information is provided by Business Wire
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