Altin AG Statement re. Non-Mainstream Pooled Investment Products
15 Settembre 2014 - 6:30PM
UK Regulatory
TIDMAIA
Statement regarding Non-Mainstream Pooled Investment
Products
Baar, 15 September 2014 - ALTIN AG (LSE:AIA) (SWX:ALTN), the
Swiss alternative investment company notes the rules of the UK's
Financial Conduct Authority ("FCA") on the promotion of
non-mainstream pooled investments, effective from 1 January
2014.
The Board confirms that it conducts the Company's affairs, and
intends to continue to conduct its affairs, so that the Company's
shares will be "excluded securities" under these rules.
This is on the basis that the Company would qualify for approval
as an investment trust if resident and listed in the United
Kingdom. Therefore, the Company's shares will not amount to
non-mainstream pooled investments. Accordingly the Board believes
that the promotion of the Company's shares will not be subject to
the FCA's restriction on promotion of non-mainstream pooled
investments. The Company will make a further announcement if at any
time it changes its policies, or if circumstances outside its
control are such that the Company's shares would no longer fall
within the definition of "excluded securities".
For further information, please contact:
Tony Morrongiello - Chief Executive Officer Kinlan Communications
Tel. +41 (0)41 760 62 60 David Hothersall
Tel. +44 (0)20 7638 3435
info@altin.ch davidh@kinlan.net
Note to Editors
About ALTIN AG
ALTIN AG was launched in 1996 and is listed on the SIX Swiss
Exchange as well as on the London Stock Exchange. It ranks among
Switzerland's leading alternative investment companies. Currently,
ALTIN is invested in more than 40 hedge funds representing diverse
investment strategies. Its objective is to generate an absolute
compound annual return in USD terms with lower volatility than
equity markets. Owing to these characteristics and a low
correlation with equity markets, ALTIN shares provide an ideal
complement for all diversified portfolios.
www.altin.ch
This information is provided by Business Wire
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