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.
In total, 565'315 registered shares were tendered which correspond to 8.98% of the share capital and voting rights registered in the commercial register. 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 9 December 2019. It is intended that approval for the cancellation of all registered shares repurchased will be sought at the next Annual General Meeting.
The suspended share buyback programme via a second trading line will be continued from 9 December 2019.
06 December 19, 5:47 PM