We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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
ALTIN - Statement
Baar, 15 March 2013 - ALTIN AG (SIX: ALTN, LSE: AIA) has received requests from two minority shareholders to place items on the agenda of the next shareholders meeting.
The first minority shareholder, holding ca. 1.5% of ALTIN's shares, has requested to place the following items on the agenda:
-- Partial dissolution of the legal reserve from capital contribution and
withholding tax exempt repayment of legal reserve from capital
contribution of CHF 8.40 per registered share.
-- Share capital reduction from CHF 17 to CHF 0.05 and repayment of
reduction in nominal value. The Board of Directors shall be mandated
to submit a respective proposal to an Extraordinary General Meeting
within two months after the next Annual General Meeting.
-- Reduction of Share Capital by mandating the Board of Directors to
buy-back a maximum amount of 10% of the shares of the company at
market prices via the second line and subsequent cancellation of said
shares.
It is further requested that, upon the completion of the buy-back, the Board of Directors shall call an Extraordinary General Meeting proposing to cancel shares, reduce share capital and initiate a new share buy-back program aiming to buy back an additional 10% of the outstanding shares, as long as the weighted average discount to NAV in the previous quarter is above 7%.
The second minority shareholder, holding ca. 1.7% of ALTIN's shares, has proposed the election of Messrs. Jérôme Müller and Jean-Michel Clerc as new Members of the Board of Directors for a one-year term of office.
Since the requested items fall within the competence of the General Meeting and comply with the applicable provisions of the Code of Obligations and the Articles of Association, they shall be put on the agenda of the forthcoming ordinary general meeting which is scheduled for 22 April 2013. Nevertheless, after a careful review of the requests of the first shareholder, ALTIN's Board of Directors considers that they are not in the best interest of the majority of the shareholders and recommends rejecting these proposals. The candidature of the two new members proposed by the second shareholder will be examined by the Board of Directors.
ALTIN's ordinary general meeting is scheduled for 22 April 2013. The deadline for registration in the shareholder's register to vote at the ordinary general meeting is 12 April 2013.
For further information, please contact:
José Galeano - Head Investor Relations Manager Kinlan Communications Marc T. Clapasson - Investor Relations Manager David Hothersall Tel. +41 41 760 62 60 Tel. +44 (0)20 7638 3435 info@altin.ch davidh@kinlan.net This information is provided by Business Wire
1 Year Altin Reg Chart |
1 Month Altin Reg Chart |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions