Result of Meeting

LONDON--()--

ALTIN AG

  • Result of Extraordinary General Meeting
  • Tony Morrongiello to step down as CEO
  • Board of Directors appoints Claudia Habermacher as CEO
  • Update on delisting from London Stock Exchange

Baar, 21 June 2016 – ALTIN AG (SIX: ALTN, LSE: AIA) – shareholders have accepted, by a significant margin, the proposals brought forward by Alpine Select AG and Absolute Invest AG (collectively referred to as “Alpine Select”). The Board of Directors also announces that Tony Morrongiello will be stepping down from his role as CEO, with Claudia Habermacher named as replacement. Furthermore, the Board of Directors has decided to postpone the intended delisting of ALTIN shares from the London Stock Exchange to the end of September 2016.

Extraordinary General Meeting: main decisions

Capital reduction by nominal value repayment

Reduction of ALTIN AG’s share capital from CHF 58’645’002 (divided into 3’449’706 registered shares with a nominal value of CHF 17 each) by CHF 58’541’510.82 to CHF 103’491.18 through the reduction of the nominal value per share, CHF 17, by CHF 16.97 to CHF 0.03 and to use the amount of the nominal value reduction for repayment to shareholders.

Payment of a dividend through a partial dissolution of the legal reserve from capital contribution approved by the Federal Tax Authority

The legal reserve from capital contribution approved by the Federal Tax Authority will be partially dissolved and distributed to shareholders through the payment of a dividend out of the legal reserve from capital contribution approved by the Federal Tax Authority for the business year 2015 in an amount of CHF 7.03 per registered share with a nominal value of CHF 17 for 3’449’706 registered shares: CHF 24’251’433.18.

The Extraordinary General Meeting has also decided as proposed by the Board of Directors and backed by Alpine Select that the dividend payment shall be subject to registration of the capital reduction in the commercial register.

The exact due date for the repayment of the nominal value and the dividend payment through a partial dissolution of the legal reserve from capital contribution is envisaged to be executed simultaneously by the end of September 2016 at the latest.

Tony Morrongiello to step down, Claudia Habermacher appointed CEO

The Board of Directors announces that Tony Morrongiello, who has held the position of CEO since March 2013, has decided to step down from his role effective today. However, the Board of Directors is pleased that Mr. Morrongiello has agreed to make himself available to assist ALTIN AG in the short term, particularly in connection with the forthcoming delisting from the London Stock Exchange. The Board of Directors wishes to extend their sincere thanks and appreciation for his significant contribution over the years. The Board of Directors of ALTIN AG has appointed Claudia Habermacher to this role. Claudia Habermacher, who currently serves as CEO of Alpine Select AG, has extensive experience in investment funds, having previously held roles with creInvest Ltd and GAM Anlagefonds AG.

Update on delisting from London Stock Exchange

Furthermore, the Board of Directors announces that after careful consideration and in the interests of all shareholders, it has decided to postpone the intended delisting of ALTIN shares from the London Stock Exchange, initially planned by 31 July 2016 to the end of September 2016, following the capital reduction and dividend distributions.

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 40 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. Owing to these characteristics and a low correlation with equity markets, ALTIN shares provide an ideal complement for all diversified portfolios.

www.altin.ch

Short Name: Altin AG
Category Code: ROM
Sequence Number: 533091
Time of Receipt (offset from UTC): 20160621T151508+0100

Contacts

Altin AG

Contacts

Altin AG