The extraordinary General Meeting of Castle Private Equity AG (with its registered office in Freienbach), Schützenstrasse 6, 8808 Pfäffikon SZ, of 25 October 2017 authorised the Board of Directors to buy back 6,165,955 registered shares for the purpose of a capital reduction as part of a share buyback programme via a fixed price. On that basis, the Board of Directors of Castle Private Equity AG decided on 8 February 2018 to buy back a maximum of 6,165,955 registered shares at a fixed price (23.42% of the capital and the voting rights of the share capital currently registered in the commercial register) (the “share buyback programme”). At the next annual general meeting, the Board of Directors of Castle Private Equity AG will propose a capital reduction.
The share capital of Castle Private Equity AG currently registered in the commercial register amounts to CHF 1,316,197.50 and is divided into 26,323,950 registered shares with a nominal value of CHF 0.05 each.
The share buyback programme is open for acceptance from 26 February 2018 until 9 March 2018, 5pm CET. If the number of tendered registered shares exceeds the number of registered shares to be bought back in the course of the share buyback programme, Castle Private Equity AG will reduce the tendered declarations pro rata. During the execution of the share buyback programme, the current share buyback programme via a second trading line will be suspended.
The share buyback programme has been exempted by the Takeover Commission, by order of 2 October 2017, from having to comply with the provisions on public purchase offers.