Alpine Select has requested an Extraordinary Shareholders’ Meeting for ALTIN AG over the distribution of a special dividend.
Alpine Select currently holds directly and indirectly 58.5 per cent of ALTIN shares. According to the motion submitted, shareholders are asked to decide at the meeting on a cash distribution in the total amount of CHF 4.00 per registered ALTIN share. The total distribution of CHF24 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 CHF16.97 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 per cent of the share capital.
The Board of Directors of ALTIN are expected to respond in due course.
