Press Release

Zug, 16 November 2017 - ALTIN AG (SIX: ALTN)

Altin Ltd. («Altin») informed on 8 November 2017, that Alpine Select Ltd. had submitted a merger proposal to the Board of Directors of Altin. According to this proposal, the minority shareholders of Altin shall receive a cash consideration in the amount of USD 11.50 per Altin share, by way of a squeeze-out merger with Absolute Invest Ltd. («Absolute Invest»).

The independent members of the Board of Directors of Altin examined the merger proposal with the assistance of advisors and conducted discussions with the majority shareholder. Assessing also a fairness opinion obtained, the independent board members consider the compensation of USD 11.50 per Altin share as fair and appropriate. The two representatives of Alpine Select Ltd. on Altin's board of directors recused themselves from the examination and resolution of the merger proposal.

On this basis, Altin signed a merger agreement with Absolute Invest on 16 November 2017. Subject to approval by at least 90% of the voting shares, this agreement foresees an absorption by merger of Altin by Absolute Invest with a cash consideration in the amount of USD 11.50 per Altin share. Upon completion of the merger, Altin will be dissolved without liquidation.

Altin will convene an extraordinary shareholders' meeting on 18 December 2017 and will submit for decision the merger proposal, or, respectively, to approve the merger agreement as negotiated with Absolute Invest.

The merger documents such as the merger agreement (including the interim balance sheets), the joint merger report, the joint merger auditor's report, the valuation report, as well as the annual accounts and annual reports of the last three financial years (2014, 2015 and 2016) of Altin and Absolute Invest can be viewed on the Altin website at http://www.altin.ch/investors/corporate-action. The complete invitation to the extraordinary shareholders' meeting can also be downloaded from the Altin website, following the same link.

Thomas Amstutz, Roger Rüegg
Tel. +41 (0)41 760 62 60
info@altin.ch

Altin AG published this content on 16 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 November 2017 18:32:02 UTC.

Original documenthttp://www.altin.ch/news/2017/2017-11-16b

Public permalinkhttp://www.publicnow.com/view/793BA97B2069DA54AE2BCDCBBF6195B546480F47