Press Release

Zug, 22 August 2017 - ALTIN AG (SIX: ALTN)

  • Total return of the Altin Ltd. share («Altin-share») during the first six months of the year 2017 was 22% (increase of the share price from USD 9.21 to USD 11.25). This includes a dividend of CHF 15.00 per share. The net asset value («NAV») recorded a performance of +6% (from USD 12.77 to USD 13.53) for the same period.

  • The interim financial statements as per 30 June 2017 show a total comprehensive income for the reporting period of USD 1.451 million or USD 0.42 per share.

  • The Company's activities in the first half-year of 2017 have been concentrated mainly on generating liquidity for the planned dividend distribution, resulting in a disposal of 13 holdings. Altin Ltd. also managed to benefit from «discounts to bid» situations in Actelion Ltd. and Idorsia Ltd., realizing a total profit of USD 1.7 million. In addition, the Company also started a new investment of USD 2 million in Titan Structured Credit, Ltd.

  • Alpine Select Ltd. together with its subsidiary Absolute Invest Ltd. (together «Alpine Group») has further increased its holding in Altin-shares and holds a combined 93.82% of all Altin-shares as of 30 June 2017. We expect Alpine Group to contact us soon regarding a possible merger or to discuss other options respectively. Altin will inform its shareholders and other relevant parties in this regard in due course.

Altin Ltd. will publish its semi-annual report 2017 on 28 August 2017.

For further information, please contact:

Thomas Amstutz
Tel. +41 (0)41 760 62 60
info@altin.ch

Altin AG published this content on 22 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 August 2017 17:52:06 UTC.

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