Castle Private Equity Ltd: Fixed-price share buyback to be relaunched at CHF 17.25 Dienstag, 30. Januar 2018 - 22:20

On 29 November Castle Private Equity Ltd announced that the transaction to buy back shares as communicated on October 3rd, 2017 and approved by the extraordinary shareholders meeting on 25 October 2017 could not be pursued for the time being due to conditions precedent not being met. These conditions included in particular the commitments of major shareholders to tender their shares.

The board of directors could now secure such commitments at a price of CHF 17.25 per share and intends to approach the Swiss Takeover Board for final approval of the Transaction.

The board of directors expects to reach final clearance within the next two weeks, subject to which it would then launch the buyback transaction at a price of 17.25.