AIA Altin Reg

 
TIDMAIA 
 
 

ALTIN to reduce exposure to alternative investments

Baar, 6 July 2016 - The Board of Directors of ALTIN AG, also referred to as ALTIN Ltd (SIX: ALTN, LSE: AIA) was informed by Alpine Select AG (referred to below as Alpine Select Ltd) about the below stated press release in which also statements are being made with regard to the intentions of Alpine Select AG in respect of their majority holding in ALTIN AG.

The press release as published by Alpine Select AG is as follows:

"At today's meeting, the Board of Directors of Alpine Select Ltd. has taken the decision in principle, to reduce in medium-term its exposure in Hedge Funds - held directly as well as indirectly via its majority holding in ALTIN Ltd. - and to again increasingly focus on our traditional topics and/or investment strategies.

Currently, Alpine Select Ltd holds directly or indirectly a total of 61.21% in ALTIN Ltd., Zug. As ALTIN has announced on 30 May 2016 as well as on 21 June 2016, the repayment in the amount of total CHF 24 per share as proposed by Alpine Select and decided by the shareholders of ALTIN is envisaged to be executed in September 2016. Taking into account this repayment to the shareholders and thus also to Alpine Select Ltd. and provided appropriate market conditions, the prerequisite is given that Alpine Select Ltd has an interest to further expanding its holding in ALTIN Ltd.

Should Alpine Select Ltd. be able to further expand its holding in ALTIN, Alpine Select Ltd. shall seek negotiations with the board of directors of ALTIN Ltd. in the fourth quarter 2016 on a possible full consolidation or merger of the business activities of both companies, respectively. In the meantime, Alpine Select Ltd. pursues to make further adjustment at ALTIN Ltd., e.g. to alignment of the investment guidelines and to increase efficiency (esp. cost cuttings). Should a corresponding integration transaction actually take place, Alpine Select Ltd. strives to take into account the interests of all stakeholders of ALTIN Ltd".

For further information, please contact:

Thomas Amstutz

Tel. +41 (0)41 760 62 60

info@altin.ch

Note to Editors

About ALTIN AG

ALTIN AG was launched in 1996 and is listed on the SIX Swiss Exchange as well as on the London Stock Exchange. It ranks among Switzerland's leading alternative investment companies. Currently, ALTIN is invested in more than 35 hedge funds representing diverse investment strategies. Its objective is to generate an absolute compound annual return in USD terms with lower volatility than equity markets. Thanks to these characteristics and a low correlation with equity markets, ALTIN shares provide an ideal complement to all diversified portfolios.

www.altin.ch

View source version on businesswire.com: http://www.businesswire.com/news/home/20160706006125/en/

 
This information is provided by Business Wire 
 
 

(END) Dow Jones Newswires

July 06, 2016 12:35 ET (16:35 GMT)

Altin Reg (LSE:AIA)
Historical Stock Chart
Von Dez 2024 bis Jan 2025

Altin Reg (LSE:AIA)
Historical Stock Chart
Von Jan 2024 bis Jan 2025