ALTIN : Annual result 2016, dividend distribution, change of domicile

Media Release

Baar, 12 April 2017 - ALTIN AG (SIX: ALTN)

2016 was certainly another challenging year, characterized by significant geopolitical uncertainty, most notably the rather surprising outcome on the Brexit vote and the US presidential election. With that in mind, ALTIN can look back at a good result for the year 2016: Including the pay-out to shareholders of a combined CHF 42.00 per share, the ALTIN share price increased during the year 2016 by 14.15% (from USD 21.55 to USD 24.60). In the same period, the Net Asset Value («NAV») performed by 10.24% with the NAV closing the year at USD 27.77 (from USD 25.19 as per year-end 2015 when adjusted for dividend distributions and capital repayment in 2016 and the adoption of IFRS 10 as of 1 January 2016). The discount to NAV increased again in 2016, from 14.64% as per 31 December 2015 to 20.27% as per 31 December 2016.

For the period ended 31 December 2016, ALTIN posted a loss of TUSD 366 (2015, restated for IFRS 10: gain of TUSD 5,249).

In addition, the board of directors discussed in detail at today's meeting the requests by Alpine Select AG and Absolute Invest AG - shareholders of ALTIN AG with a combined holding of currently 90.21% of the total ALTIN share capital and voting rights - dated 8 February 2017. It was decided that (both requests for approval):

• Change of domicile from Baar to Zug is to be submitted to the ordinary shareholders' meeting on 16 May 2017;
• The request by Alpine Select AG and Absolute Invest AG for a distribution of a dividend of CHF 15 per dividend entitled share shall be submitted to the shareholders at the ordinary shareholders' meeting.

ALTIN AG shall inform in due course on a possible start of merger talks with Alpine Select and/or other solutions in order for ALTIN to run sound and efficiently.

For further information, please contact:

Thomas Amstutz
tel. [phone]
[e-mail]

Medienmitteilung in PDF Format

Press Release in German