Share buyback programme at a fixed price successfully completed
On 29 October 2018 the Board of Directors of Castle Private Equity Ltd. has decided to execute the share buyback approved by shareholders at the Annual General Meeting held on 14 May 2018 by way of a share buyback programme at a fixed price. The share buyback is for cancellation purposes. Castle Private Equity Ltd. planned to repurchase up to 4,343,621 registered shares (24.10% of the outstanding share capital) at a buyback price of CHF 17.50 per registered share.
In total, 5,707,002 registered shares were tendered which correspond to 31.67% of the share capital and voting rights registered in the commercial register. The tendered declarations will be reduced accordingly (pro rata). The net purchase price (buyback price minus 35% withholding tax calculated on the difference between the buyback price and the nominal value) is scheduled to be paid on 30 November 2018. It is intended to seek approval for the cancellation of all registered shares repurchased at the Annual General Meeting 2019.
The suspended share buyback programme via a second trading line will be continued from 28 November 2018.
27 November 18, 5:37 PM