14.04.2020 Alpine Select Ltd.: Termination of the share buyback program at market price
Zug, 14 April 2020
Alpine Select Ltd. decided to terminate prematurely the share buyback program on a second trading line on SIX Swiss Exchange, which was initially launched on 29 July 2019, after the maximum buyback volume was reached. In total, 514,155 registered shares or 5.00% of the current share capital and voting rights were bought back at market price.
The Board of Directors will propose to the ordinary shareholders’ meeting on 20 May 2020 the cancellation of the shares bought back at market price as well as the 510,980 registered shares bought back by issuing tradeable put options in July 2019 and to reduce the share capital of Alpine Select Ltd. accordingly.
About Alpine Select
Alpine Select Ltd is an investment company domiciled in Zug and has been listed on the SIX Swiss Exchange since 1998 (since 5 August 2019 in the Swiss Reporting Standard). The company offers its shareholders the key benefit of investing into a diversified alternative investment portfolio. Alpine Select maintains an active and constructive dialogue with management and board of directors of its portfolio companies in the best interest of its shareholders. Alpine Select does not charge any management or performance fees.
- Press release (in PDF format)