Request by Alpine Select to call an Extraordinary Shareholders’ Meeting Freitag, 13. Mai 2016 - 18:30
Request by Alpine Select to call an Extraordinary Shareholders’ Meeting
Baar, 13 May 2016 – ALTIN AG (SIX: ALTN, LSE: AIA) informs that Alpine Select requests to convene an Extraordinary Shareholders’ Meeting for ALTIN AG for the purpose of taking a decision with regards to a distribution of a special dividend.
Alpine Select currently holds directly and indirectly 58.5% of ALTIN shares. Alpine Select has requested ALTIN’s Board of Directors to call an extraordinary shareholders’ meeting. According to the motion submitted, shareholders are asked to decide at the meeting on a cash distribution in the total amount of CHF 24.00 per registered ALTIN share. The total distribution of CHF 24 per registered ALTIN share is – according to the relevant shareholder request – to be executed by means of a capital reduction by repayment of par value in the amount of CHF 16.97 per share and by means of a distribution of a special dividend out of “reserves from capital contributions” in the amount of CHF 7.03 per share.
According to the Swiss Code of Obligations, article 699, para 3, the calling of an Extraordinary General Meeting of shareholders may be requested by one or more shareholders representing together at least 10% of the share capital.
The Board of Directors of ALTIN will make a further communication in due course.
