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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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