Altin AG Result of AGM
23 April 2013 - 2:19AM
UK Regulatory
TIDMAIA
ALTIN AG: Decisions of the Annual General Meeting
ALTIN AG (SIX: ALTN, LSE: AIA), the Swiss alternative investment
company, held its annual general meeting today. Shareholders have
accepted the payment of a CHF 2.35 dividend and elected Roger Rüegg
as Board member, in replacement of Nigel Russell.
Decisions of the annual general meeting
The Business report and the annual financial statements were
approved and the members of the Board of Directors were discharged.
Following the Board's proposal and in accordance with the dividend
policy announced in November 2011, the AGM accepted the payment of
a dividend of CHF 2.35 per share for 2012, out of share premium
reserves. This amount corresponds to 4% of the NAV as per 31
December 2012 and represents a dividend yield of 5.9% based on the
end-of-year share price. This dividend is not submitted to Swiss
withholding tax.
The Board of Directors has been re-elected for one year, with
the exception of Nigel Russell, who resigned and was replaced by
Roger Rüegg. A graduate of the University of St. Gallen, Roger
Rüegg is a founding partner of Zurich-based Multiplicity Partners
AG, an independent investment boutique specialising in alternative
investments. Prior to this role, Roger Rüegg held positions at
Horizon21 and Julius Baer. Roger Rüegg brings extensive experience
in alternative investments and is also a Certified Financial Risk
Manager (FRM).
The new Board members proposed by Metage Funds Limited were not
elected.
The measures proposed by Futureal 2 Global Euro Szarmaztatott
Alap - i.e. the dissolution of the legal reserve in an amount of
CHF 8.40 per share, the reduction of share capital by reducing the
nominal value from CHF 17.00 to CHF 0.05 and the repayment of the
corresponding amount, the reduction of share capital through share
buy-back as long as the discount is greater than 7% - were all
rejected by the shareholders.
By following all the recommendations of the Board of Directors,
shareholders have reaffirmed their confidence in the followed
strategy.
For further information, please contact
José Galeano - Head Investor Relations Manager
Marc T. Clapasson - Investor Relations Manager
Tél. +41 41 760 62 60
info@altin.ch
www.altin.ch
This information is provided by Business Wire
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