6.07.2023 Alpine Select Ltd: Preliminary information on the semi-annual results as per 30 June 2023 | Completion of the share buyback program 2020 - 2023
Ad hoc announcement pursuant to Art. 53 LR
Alpine Select Ltd. («Alpine Select») hereby informs its investors and other interested parties that it expects a consolidated profit of approximately CHF 400,000 in its financial reporting as per 30 June 2023. In the comparative period (as per 30 June 2022) a loss of CHF 25.9 million was reported.
At the ordinary shareholders’ meeting on 17 May 2023, the shareholders approved the cancellation of the 548,070 treasury shares acquired under the share buyback program launched in 2020 and completed in the meantime, and the corresponding reduction of the share capital. After completion of the 30-day period since publication of the debt call in the SOGC, the reduction of the share capital was notified to the Commercial Register of the Canton of Zug and will be registered in the next few days. Following the registration of the capital reduction, the share capital of Alpine Select amounts to CHF 174,198.00, divided into 8,709,900 registered shares with a par value of CHF 0.02 each.
Alpine Select plans to publish the definitive half-year results on 21 September 2023, and the semi-annual report as of 30 June 2023 on 27 September 2023.
About Alpine Select
Alpine Select Ltd is an investment company domiciled in Zug and has been listed on the SIX Swiss Exchange since 1998. 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)