Investor relations

Castle Alternative Invest AG announces that the ordinary general meeting today approved all agenda items proposed by the board of directors.

Please be informed that Castle Alternative Invest AG will hold its ordinary general meeting (AGM) on 13 May 2020 at 14:00h CET.

The key developments are as follows: NAV increased by 4.3 per cent during the course of 2019. A distribution of CHF 4.95 per share from the nominal value caused the net asset value per share to decrease to USD 15.29. The Company launched a series of share buyback programs during the course of 2019, buying back close to 20 per cent of its share capital. The discount to the net asset value of the CHF shares narrowed significantly to only 5.3 per cent in December 2019 compared to 20.3 per cent in December 2018. The Company’s 2020 annual general meeting is scheduled to take place on May 13, 2020.

Today the Board of Directors of Castle Alternative Invest Ltd. has decided to terminate on 7 February 2020 the current share buyback programme on a second trading line on SIX Swiss Exchange, which started on 1 July 2019. With the end of the programme, 321,165 shares were bought back. The buy-backs mentioned before were done for cancellation purposes.

On 11 December 2019, the Board of Directors decided to extend the current program by a second trading line to buy back shares on the ordinary trading line and at the same time to adjust the purpose of the program so that the shares can also be used for general treasury management purposes. The changes are connected with the entry into force of the Federal Law on Tax Reform and AHV financing on 1 January 2020.

On 7 November 2019 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 22 November 2019 to and including 4 December 2019. Every 10 put options entitled shareholders to tender one registered share at the exercise price of CHF 17.90.

At the Annual General Meeting on 15 May 2019, it was decided, among other things, to reduce the share capital from CHF 5 to CHF 0.05 per share to CHF 314,854.95 by means of a nominal value reduction. This repayment or distri-bution of the nominal value will be completed on 18 November 2019 (ex-date 14 November 2019).

Castle Alternative Invest AG announces changes in its shareholder structure. The shareholder Alpine Select AG increased its stake from previously below 25 per cent to over 25 per cent of the company’s issued share capital.

The Board of Directors of Castle Alternative Invest Ltd. is considering to buy back up to 10% of its share capital as recorded in the Commercial Register on a further share buyback programme by issuing tradeable put options. The ongoing share buyback programme via a second trading line is to be suspended during the offer period of this new share buyback programme by issuing put options.

Ladies and Gentlemen Castle Alternative Invest AG announces that the cancellation of 1,565,322 own shares which was approved at the 15 May 2019 general meeting of shareholders will be registered by the commercial register on 30 August 2019.