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castle Alternative Invest

Share buyback by issuing tradable put options successfully completed and announcement of a new share buyback programme at market price

Jul 19, 2017, 5:32 PM

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.

Result after termination of the share buyback programme on the second trading line

Jun 30, 2017, 7:00 PM

As announced on 28 June 2017, the share buyback programme on a second trading line at SIX Swiss Exchange was terminated early. Overall, a total of 649,914 registered shares or 6.73% of the current share capital and voting rights were bought back.

AGM results: approved all agenda items proposed by the board of directors

May 17, 2017, 6:12 PM

Castle Alternative lnvest AG announces that the ordinary general meeting on 16 May approved all agenda items.

AGM agenda request by BKS Global PCC

Apr 4, 2017, 6:12 PM

The Board of Directors of Castle Alternative Invest AG informs about the receipt of a request by BKS Global PCC Limited, domiciled in Guernsey, to include items on the agenda of the 2017 annual general meeting. With reference to the Swiss Code of Obligations, article 699, para 3, BKS Global PCC Limited requests to have the following agenda items be dealt with at the ordinary shareholders’ meeting on May, 16th 2017.

2016 annual report available

Mar 23, 2017, 1:00 PM

Castle Alternative Invest’s 2016 annual report is now available.

CastleAI announces cancellation of own shares

Aug 3, 2016, 10:29 AM

Castle Alternative Invest AG announces that the cancellation of 1,102,327 own shares which was approved at the 10 May 2016 general meeting of shareholders will be registered by the commercial register on 5. August 2016. With regards to the listing of the company’s shares at the SIX Swiss Exchange, the cancellation becomes effective as of 5. August 2016 (date of exchange adjustment). From then on, the issued share capital of the company will amount to 9,653,732 registered shares with a par value of CHF 5 each. As a result of the cancellation, the company’s holding of own shares will reduce to below 5 per cent. Further notifications of changes in significant shareholdings due to the cancellation of 1,102,327 own shares can be expected.

Share buyback by issuing tradable put options successfully completed and announcement of a new share buyback programme at market price

Jun 1, 2016, 8:32 AM

On 10 May 2016 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 17 to and including 30 May 2016. Every 30 put options entitled shareholders to tender one registered share at the exercise price of CHF 17.80. In total, 315‘459 registered shares were tendered which correspond to 2.93% of the share capital and voting rights registered in the commercial register (resp. 3.27% of the share capital and voting rights after the intended capital reduction). The net purchase price (exercise price minus 35% with-holding tax calculated on the difference between the exercise price and the nominal value) will be paid on 2 June 2016. It is intended that approval for the cancellation of all registered shares repurchased will be sought at the Annual General Meeting in 2017. 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 6 June 2016 (first trading day) and a maximum of 649‘914 registered shares (maximum 6.04% of the share capital and voting rights registered in the commercial register resp. 6.73% of the share capital and voting rights after the intended capital reduction) will be purchased for cancellation purposes.

Termination of the share buyback programme on the second trading line and issuance of tradeable put options

May 10, 2016, 11:34 AM

The Board of Directors of Castle Alternative Invest Ltd. has agreed today to the early termination of the share buyback programme on a second trading line on SIX Swiss Exchange which started on 9 June 2015 (today last trading day). 724,526 shares have been bought back. Together with the completed buyback programme through the issuance of put options in May / June 2015, the maximum number of shares approved by shareholders at the AGM held on 12 May 2015 of 1,075,605 registered shares has been reached. All buybacks men-tioned before were done for cancellation purposes. Furthermore, the Board of Directors 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 30 put options will entitle shareholders to tender one registered share with a nominal value of CHF 5 at the exercise price of CHF 17.80. This represents a premium of approximately 9.2% to today's closing price of the registered share. The put options will be traded from 17 May 2016 to and including 30 May 2016. The put options must be exercised by 11.00 a.m. CET on 1 June 2016 at the latest (European style). 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 2 June 2016. As a result of the share buyback by issuing put options, Castle Alternative Invest Ltd. plans to repurchase up to 321,621 registered shares (2.99% 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 2017. Castle Alternative Invest Ltd. has mandated Zürcher Kantonalbank 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 professional 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. The offering notice will be available under www.castleai.com.

All AGM proposals passed

May 10, 2016, 6:31 PM

Castle Alternative Invest AG announces that the ordinary general meeting today approved all agenda items. The approval of the 2015 annual report, the company and consolidated accounts occurred with 99.6 per cent of votes; The discharge of the board of directors and the general manager was approved with 99.6 per cent of votes; Appropriation of the balance sheet surplus was approved with 99.6 per cent of votes; A capital reduction through cancellation of shares was approved with 99.6 per cent of votes; The company was authorised, with 99.6 per cent of votes, to launch a new share buyback programme; Tim Steel was re-elected as chairman of the board of directors with 94.2 per cent of votes; Tim Steel, Dr. Konrad Bächinger, Reto Koller, Dr. André Lagger and Kevin Mathews were re-elected as members of the board of directors with 88.6 per cent respectively 99.5 per cent of votes; Dr André Lagger and Dr Konrad Bächinger were elected as members of the compensation committee with 93.8 per cent of votes; The compensation of the board of directors was approved with 94.2 per cent of votes; The compensation of the executive management was approved with 88.8 per cent of votes; Mr Peter Marty, Biberzeltenstrasse 21, 8853 Lachen, Schweiz has been appointed as an independent proxy for the company with 100 per cent of votes The election of PricewaterhouseCoopers Ltd. As auditors for a further term of one year was approved with 94.3 per cent of votes; 57.2 per cent of shares issued were represented at the meeting.

Annual report 2015 now available

Mar 31, 2016, 9:40 AM

Castle Alternative Invest's annual report for the year to 31 December 2015 is now available for download here www.castleai.com/en/cai/reports/annual-reports.html The key developments are as follows: Further NAV growth of 0.7 per cent during the course of 2015. The US dollar share price decreased by 1.2 per cent and the Swiss franc share price increased by 0.6 per cent during the course of 2015. Long/short equity strategies contributed most with a further modest contribution from relative value. CTA/macro and event driven strategies detracted. On 9th June 2015, the Company started its sixth share buyback program on the second trading line. A maximum of 724,526 shares can be bought back under this program. The Company’s 2016 annual general meeting is scheduled to take place on 10 May 2016 at its offices in Pfaeffikon in Switzerland.

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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.

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

Transactions in own shares

Share buyback programme 2016 – 2017

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.

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

Factsheet Swiss tax consequences of share buybacks via issue of 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.

Invitation AGM ENG

Invitation AGM GER

March 2017

Publication of annual report 2016

18 August 2017

Publication of semi annual report 2017

15 May 2018

Annual general meeting (Pfäffikon, Switzerland)

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Corporate Calendar

CASTLE ALTERNATIVE INVEST EVENTS

Ordinary General Meeting 2017

March 2017

18 August 2017

15 May 2018

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