Brief: Alpine Select: Repurchase Of Own Shares By Issuing Tradeable Put Options

Alpine Select AG

29/11/2018 06:07

Nov 29 (Reuters) - Alpine Select AG  ALPN.S :
    * REPURCHASE OF OWN SHARES BY ISSUING TRADEABLE PUT OPTIONS
FOR
PURPOSE OF CAPITAL REDUCTION
    * ALPINE SELECT - EVERY 20 PUT OPTIONS WILL ENTITLE
SHAREHOLDERS
TO TENDER ONE REGISTERED SHARE WITH A NOMINAL VALUE OF CHF 0.02
AT EXERCISE PRICE OF CHF 17.50
    * PREMIUM OF 22% TO CLOSING PRICE OF REGISTERED SHARE ON 28
NOVEMBER 2018
    * PLANS TO REPURCHASE UP TO 560,145 REGISTERED SHARES (5% OF
OUTSTANDING SHARE CAPITAL)

Source text for Eikon:  ID:nNDL10d9HP 
Further company coverage:  ALPN.S 

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