|
Komfie Manalo, Opalesque Asia: Swiss listed multi-strategy fund of hedge fund ALTIN AG has announced an Extraordinary General Meeting on 21 June to be held at the City Garden Hotel, Zug, Switzerland, to discuss, among other things, the proposal to be delisted from the London Stock Exchange.
ALTIN’s Board of Directors has reviewed the Swiss alternative investment company’s dual listing structure and has concluded that, having regard to the composition and location of ALTIN's shareholders, the costs and additional administration associated with maintaining a secondary listing in London outweighs the benefits of that listing.
"Accordingly, the Board has resolved to request the cancellation of the listing of ALTIN’s registered shares on the Official List of the UK Listing Authority and the cancellation of the admission to trading of the shares on the Main Market of the London Stock Exchange with effect from 31 July 2016. Following such cancellation, all transactions in ALTIN shares will be on the SIX Swiss Exchange," the company said in a statement.
Extraordinary General Meeting: Main proposals
The Extraordinary General Meeting was requested by Alpine Select AG and Absolute Invest AG, which directly and indirectly hold 58.5% of ALTIN shares, according to the latest disclosures. Among the items on the agenda include:
|
|