News

13.05.2016 Alpine Select requests to convene an Extraordinary Shareholders’ Meeting of Altin

 

 

Press Release

Zug, 13 May 2016

Alpine Select requests to convene an Extraordinary Shareholders’ Meeting of Altin for the purpose of taking the decision with regards to a distribution of a special dividend.

Alpine Select currently holds directly and indirectly 58.5% of Altin’s 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.

With this proposed cash distribution to the shareholders of Altin Ltd., Alpine Select aims to realize a first step towards a possible future integration or merger of the business activities of both companies respectively. Should the shareholders approve the proposed motion, it will be Alpine Select’s intention to take all Altin Ltd. stakeholders interests into consideration.

For further information, please contact Claudia Habermacher (This email address is being protected from spambots. You need JavaScript enabled to view it.) or visit our website.

About Alpine Select
Alpine Select Ltd is an investment company domiciled in Zug and has been listed on the Swiss Stock exchange since 1998. The company offers institutional and individual investors the opportunity to buy into a broad 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. The Company’s shares are liquid and have always traded at or close to its Net Asset Value.