Issuance of tradeable put options
On 18 June 2018 the Board of Directors of Castle Alternative Invest Ltd. has decided to issue put options tradeable on SIX Swiss Exchange. Each shareholder will be granted 1 put option free of charge for each registered share held. Every 20 put options will entitle shareholders to tender one registered share with a nominal value of CHF 5 at the exercise price of CHF 18.00. This represents a premium of 17.6% to the closing price of the registered share on 18 June 2018. The put options will be traded from 21 June 2018 to and including 13 July 2018. The put options must be exercised on 17 July 2018 (European style) by 11.00 a.m. CET at the latest. The net pur-chase price (exercise price minus 35% withholding tax calculated on the difference between the exercise price and the nominal value) will be paid on 18 July 2018. As a result of the share buyback by issuing put options, Castle Alternative Invest Ltd. plans to repurchase up to 390,557 registered shares (4.48% of the outstanding share capital). It is intended to seek approval for the cancellation of all registered shares repurchased at the Annual General Meeting in 2019. Castle Alternative Invest Ltd. has mandated Zürcher Kan-tonalbank as Lead Manager of the transaction.
When considering whether to sell the put options on the stock exchange or to use them to tender registered shares, shareholders are advised to follow the instructions and recommendations of their custodian bank or other pro-fessional advisers.
In addition, the Board of Directors of Castle Alternative Invest Ltd. is considering launching a new share buyback programme on a second trading line following the share buyback programme through the issuance of tradeable put options.
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Buyback of own shares through the issuance of tradable put options for capital reduction
Rückkauf eigener Aktien durch Ausgabe von handelbaren Put-Optionen zum Zweck der Kapitalherabsetzung
Rachat d’actions propres, via l’émission d’options-put, à des fins de réduction du capital