The Ordinary Shareholders' Meeting of Alpine Select Ltd. held on 20 May 2020 authorized the board of directors to repurchase up to 10% of the share capital in the period up to the ordinary shareholders' meeting in 2022 for the subsequent definitive cancellation of the shares through a capital reduction.
Based on this authorization the board of directors has decided to launch a new share buyback program on a second trading line at SIX Swiss Exchange. Starting 26 June 2020 (first trading day) a maximum of 925,797 registered shares or an equal of 9.00% of the share capital (10.00% of the outstanding share capital after execution of a capital reduction also resolved by the ordinary shareholders' meeting). The actual number of shares bought back will be determined by Alpine Select's freely available liquidity on the one hand and by the supply on the second trading line on the other hand. The shares will be repurchased in the period between 26 June 2020 and 31 May 2022. After completion of the share buyback program, the board of directors will propose to the ordinary shareholders' meeting the capital reduction by cancellation of all shares purchased within this buyback program.
The maximum buyback volume per day is 3,271 shares (calculated according to Article 123 para. 1 lit. c FinraV).