AIA Altin Reg

 
TIDMAIA 
 
 

Statement from ALTIN's independent auditors relating to the dividend proposal by Alpine Select

Baar, 16 March 2016 - ALTIN AG (SIX: ALTN, LSE: AIA) - The Board of Directors of ALTIN AG ("ALTIN") has been informed by its independent auditors that their report dated 25 February 2016 is being withdrawn due to the fact that Alpine Select AG ("Alpine Select") has partially revised their dividend proposal by setting a due date of the dividend as 31 July 2016.

The auditors have withdrawn their report as Alpine Select have clarified a payout date (see media release issued by ALTIN on 7 March 2016). The auditors have however not concluded in their most recent letter that the dividend is in fact payable on 31 July 2016 as the work to support a positive conclusion is more extensive and cannot be carried out before the completion of the audit of the 2015 financial statements.

The Board of Directors of ALTIN reiterates its categorical rejection of the proposals by Alpine Select which it considers profoundly destabilising for ALTIN and not in the best interests of all shareholders.

The Extraordinary General Meeting will take place on 18 March 2016 at 2:00pm (CET) in Zug, Switzerland.

Link to letter from auditorshttps:/www.altin.ch/p/CNTP_667688_EN

For further information, please contact:

 
Tony Morrongiello - Chief 
Executive Officer 
Tel. +41 (0)41 760 62 60 
 
info@altin.ch                        Media enquiries for 
                                     the United Kingdom 
                                     Kinlan Communications 
Media enquiries for Switzerland      David Hothersall 
Hirzel.Neef.Schmid. Konsulenten AG   Tel. +44 (0)20 7638 3435 
Jürg Wildberger                      davidh@kinlan.net 
Tel. +41 (0)79 351 10 24 
juerg.wildberger@konsulenten.ch 
 
 

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

View source version on businesswire.com: http://www.businesswire.com/news/home/20160316006046/en/

 
This information is provided by Business Wire 
 
 

(END) Dow Jones Newswires

March 16, 2016 13:30 ET (17:30 GMT)

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