On 5 June 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 11 to and including 25 June 2019. Every 20 put options entitled shareholders to tender one registered share at the exercise price of CHF 24.00.
In total, 308,544 registered shares were tendered which correspond to 3.92% of the share capital and voting rights registered in the commercial register (resp. 4.90% 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 28 June 2019. It is intended that approval for the cancellation of all registered shares repurchased will be sought at the next Annual General Meeting.
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 1 July 2019 (first trading day) and a maximum of 321,165 registered shares (maximum 4.08% of the share capital and voting rights registered in the commercial register resp. 5.10% of the share capital and voting rights after the intended capital reduction) will be purchased for cancellation purposes.
27 June 19, 5:42 PM