On 18 June 2018 Castle Alternative Invest Ltd. announced a share buyback programme by issuing put options tradable on SIX Swiss Exchange. The put options have been traded from 21 June to and including 13 July 2018. Every 20 put options entitled shareholders to tender one registered share at the exercise price of CHF 18.00.
In total, 386,142 registered shares were tendered which correspond to 4.43% of the share capital and voting rights registered in the commercial regis-ter (resp. 4.91% of the share capital and voting rights after the intended capital reduction). The net purchase price (exercise price minus 35% with-holding tax calculated on the difference between the exercise price and the nominal value) will be paid on 18 July 2018. It is intended that approval for the cancellation of all registered shares repurchased will be sought at the next Annual General Meeting.
Furthermore, following the termination of the buyback via issuance of trad-able put options, the Board of Directors of Castle Alternative Invest Ltd. decided to launch a new share buyback programme on a second trading line at SIX Swiss Exchange. It will start on 19 July 2018 (first trading day) and a maximum of 400,100 registered shares (maximum 4.59% of the share capital and voting rights registered in the commercial register resp. 5.09% of the share capital and voting rights after the intended capital reduction) will be purchased for cancellation purposes.
Share buyback programme 2018 via 2nd trading line
Transactions in own shares