Statement regarding Non-Mainstream Pooled Investment Products Montag, 15. September 2014 - 18:31
Statement regarding Non-Mainstream Pooled Investment Products
Baar, 15 September 2014 – ALTIN AG (SIX: ALTN, LSE: AIA), the Swiss alternative investment company notes the rules of the UK’s Financial Conduct Authority (“FCA”) on the promotion of non-mainstream pooled investments, effective from 1 January 2014.
The Board confirms that it conducts the Company's affairs, and intends to continue to conduct its affairs, so that the Company's shares will be "excluded securities" under these rules.
This is on the basis that the Company would qualify for approval as an investment trust if resident and listed in the United Kingdom. Therefore, the Company's shares will not amount to non-mainstream pooled investments. Accordingly the Board believes that the promotion of the Company's shares will not be subject to the FCA's restriction on promotion of non-mainstream pooled investments. The Company will make a further announcement if at any time it changes its policies, or if circumstances outside its control are such that the Company's shares would no longer fall within the definition of "excluded securities".
For further information, please contact:
Tony Morrongiello – Chief Executive Officer Tel. +41 (0)41 760 62 60 | Kinlan Communications David Hothersall Tel. +44 (0)20 7638 3435 |
