On 23 August 2018 Castle Private Equity Ltd. announced a share buyback programme by issuing put options tradable on SIX Swiss Exchange. The put options have been traded from 28 August 2018 to and including 19 September 2018. Every 20 put options entitled shareholders to tender one registered share at the exercise price of CHF 21.00.
In total, 853,084 registered shares were tendered which correspond to 4.73% of the share capital and voting rights registered in the commercial register. The net purchase price (exercise price minus 35% withholding tax calculated on the difference between the exercise price and the nominal value) will be paid on 24 September 2018. It is intended that approval for the cancellation of all registered shares repurchased will be sought at the Annual General Meeting in 2019.
Furthermore, following the termination of the buyback via issuance of tradable put options, the Board of Directors of Castle Private Equity Ltd. decided to launch a new share buyback programme on a second trading line at SIX Swiss Exchange. It will start on 25 September 2018 (first trading day) and a maximum of 949,165 registered shares (maximum 5.27% of the share capital and voting rights registered in the commercial register) will be purchased for cancellation purposes.
Share buyback programme 2018 via 2nd trading line
Transactions in own shares