Freienbach, 28 September 2012
shaPE and its investment manager have agreed on further
improved terms in the investment management and advisory
agreement. In particular the management fee of currently 1%
p.a. payable on the value of the investment portfolio
(excluding cash) will be reduced stepwise to 0.9% for the
remaining of 2012, then to 0.8% in 2013 and subsequently to
0.7% for the years 2014 onwards. Further, the investment
manager's entitlement to receive management and performance
fee has been limited to 12 months following a termination
notice per quarter end. Finally, Beat Buehlmann, chairman of
shaPE, has terminated his advisory mandate with Bank Julius
Baer & Co. Ltd. effective 30 September 2012 and will be
retained directly by shaPE as of 1 October 2012. This change
is accomplished on a cost neutral basis for shaPE. These
latest fine-tuned adjustments are aligned with the finite
time horizon under the realization strategy and underline the
commitment of shaPE and its investment manager for a
cost-effective execution of the realization strategy.
shaPE is a SIX Swiss Exchange-listed investment company with
exposure to a global private equity portfolio built over the
past years. In 2009 shaPE decided to initiate a realization
strategy with the ultimate goal to return the intrinsic value
of the current portfolio to its shareholders. Under this
realization strategy shaPE does not make any new commitments
to private equity funds, but focuses on harvesting the value
of the current portfolio over the coming years. shaPE is
listed on the SIX Swiss Exchange under the ticker symbol
"SHPN".
For further information please contact: Dr. Simon
Lamprecht
shaPE Capital AG Wolleraustrasse 41a
8807 Freienbach
Phone: +41 58 596 12 96
Fax: +41 58 596 12 97
E-mail: info@shape-capital.com
Internet: www.shape-capital.com
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