Opalesque Industry Update - Gottex Fund Management Holdings Limited, a leading independent global alternative asset management group, announces its plans to hold an extraordinary general meeting (EGM) on 8 August 2012 for the purpose of considering a proposed share buyback which was recently approved by the Company’s Board of Directors. The objective of the share buyback programme - which will be proposed at the EGM and is subject to shareholders’ approval - is to offset the dilution effect of the newly to be issued shares which form part of the consideration contemplated by the recently announced Penjing acquisition. The key parameters of the proposed programme are as follows:
• the maximum number of Company shares authorised to be acquired is 1,750,000 shares, which is the maximum number of shares contemplated under the Penjing transaction; Commenting, Joachim Gottschalk, Chairman and CEO, stated: “Management proposed the share buyback as it believes that at current price levels the company and its shareholders will benefit from buying back its own shares to help offset the dilution effect of the newly issued shares, which form part of the consideration contemplated by the Penjing acquisition. The Board has unanimously approved this proposal and we encourage our shareholders to do the same.” Bg |
Industry Updates
Swiss fund of funds house Gottex to hold EGM to approve share buyback
Monday, July 16, 2012
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