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castle Alternative Invest
Second line transactions
On 28 June 2017 Castle Alternative Invest Ltd. announced a share buyback programme by issuing put options tradable on SIX Swiss Exchange. The put options have been traded from 3 to and including 17 July 2017. Every 30 put options entitled shareholders to tender one registered share at the exercise price of CHF 17.70.
In total, 277,578 registered shares were tendered which correspond to 2.88% of the share capital and voting rights registered in the commercial register (resp. 3.18% of the share capital and voting rights after the intended capital reduction). The net purchase price (exercise price minus 35% withholding tax calculated on the difference between the exercise price and the nominal value) will be paid on 20 July 2017. It is intended that approval for the cancellation of all registered shares repurchased will be sought at the Annual General Meeting in 2018.
Furthermore, following the termination of the buyback via issuance of tradable put options, the Board of Directors of Castle Alternative Invest Ltd. decided to launch a new share buyback programme on a second trading line at SIX Swiss Exchange. It will start on 24 July 2017 (first trading day) and a maximum of 594,551 registered shares (maximum 6.16% of the share capital and voting rights registered in the commercial register resp. 6.82% of the share capital and voting rights after the intended capital reduction) will be purchased for cancellation purposes.
The maximum buyback volume per day is 3,394 shares (calculated according to article 123(1)(c) of the Ordinance on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading).
Share buyback programme 2017 via 2nd trading line
Buyback of own shares for the purpose of a capital reduction
Rückkauf eigener Aktien zum Zweck der Kapitalherabsetzung
Rachat d’actions propres dans le but d’une réduction de capital
Tradable put options
Based on the decision taken by the Board of Directors on 28 June 2017, Castle Alternative Invest AG is offering its shareholders the opportunity of tendering their registered shares for redemption by exercising put options; Castle Alternative Invest AG will buy back a maximum of 289’442 registered shares (amounting to a maximum of 3.00% of the capital and the voting rights of the share capital currently registered in the commercial register and a maximum of 3.32% of the capital and voting rights of the share capital registered in the commercial register after completion of the capital reduction) at a price of CHF 17.70 per registered share. At the next annual general meeting, the Board of Directors of Castle Alternative Invest AG will propose a capital reduction by cancelling share capital in the amount of the buyback volume under this buyback programme. Within the scope of the aforementioned authorisation from the Annual General Meeting of 16 May 2017, Castle Alternative Invest AG is considering launching a new buyback programme via a second trading line following the buyback programme through the issuance of tradable put options.
Corporate Calendar
CASTLE ALTERNATIVE INVEST EVENTS
Ordinary General Meeting 2017
Please be informed that Castle Alternative Invest AG will hold its ordinary general meeting (AGM) on 16 May 2017 at 14:00h CET (doors open at 13:30h CET) at the offices of the company at Schützenstrasse 6, 8808 Pfäffikon SZ, Switzerland Shareholders, registered with voting rights in the shareholders’ register up to and including 5 May 2017, 17:00h CET, are receiving the invitation to the General Meeting together with a login form for the shareholder platform Sherpany as well as a reply-/order form for postal replies. The order of the admission card and voting material can happen either by postal reply or by using Sherpany.
March 2017
Publication of annual report 2016
18 August 2017
Publication of semi annual report 2017
15 May 2018
Annual general meeting (Pfäffikon, Switzerland)