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Komfie Manalo, Opalesque Asia:

After postponing its plan to delist from the London Stock Exchange (LSE) for a few months, Swiss listed multi-strategy fund of hedge fund ALTIN AG said that it would formally ask the UK Listing Authority to allow the company to cancel trading from the LSE effective 30 September this year.

In a statement, ALTIN AG said, "An application will be made to the UK Listing Authority to cancel the listing of the shares on the Official List and to the London Stock Exchange to cancel trading of the Altin shares (AIA) on the London Stock Exchange's Main Market with effect from 8.00 a.m. on Friday, 30 September 2016."

The Swiss fund of hedge funds initially planned on delisting from the LSE in June but pressures from its two main holders, Alpine Select AG and Absolute Invest AG, which directly and indirectly hold 58.5% of ALTIN shares, forced the company to postpone its plan until this month.

ALTIN AG said in June, "ALTIN AG shareholders have accepted, by a significant margin, the proposals brought forward by Alpine Select AG and Absolute Invest AG. The Board of Directors also announces that (Tony) Morrongiello will be stepping down from his role as C......................

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