On 8 February 2018 the Board of Directors of Castle Private Equity Ltd. decided to implement the share buyback approved by shareholders at the extraordinary shareholders’ meeting held on 25 October 2017 by way of a share buyback programme at a fixed price. Shares bought back will be cancelled.
Castle Private Equity Ltd. plans to repurchase up to 6,165,955 registered shares. This corresponds with 23.42% of the outstanding share capital. The buyback programme will take place from 26 February until 9 March 2018, 5pm CET. The buyback price is CHF 17.25 for each registered share with a nominal value of CHF 0.05. The net buyback price (exercise price minus 35% withholding tax calculated on the difference between the exercise price and the nominal value) is scheduled to be paid on 13 March 2018. Should the number of registered shares tendered for repurchase exceed the offer, the registered shares subject to the offer will be reduced proportionately. It is intended to seek approval for the cancellation of all registered shares repurchased at the Annual General Meeting 2018.
The current share buyback programme via a second trading line will be suspended for the duration of the fixed price share buyback programme.
Castle Private Equity Ltd. has mandated Zürcher Kantonalbank as Lead Manager of the transaction.
The offering notice will be available under www.castlepe.com.