Source - BUS

Half year results 2016, confirmation of ex- and payment date re distribution to shareholders and 30-Sep-16 as official delisting date from the LSE

Altin AG

ALTIN – Half year results 2016, distribution to shareholders following capital reduction by nominal value and distribution of a dividend, suspension and cancellation of listing and trading on the London Stock Exchange (“LSE”)

Baar, 30 August 2016 – ALTIN AG (SIX: ALTN, LSE: AIA) informs its investors and interested parties today on the Company’s half year results. In addition the Company confirms ex- and payment date in regards of a combined distribution to its investors as well as 30 September 2016, 8am to be the official delisting date from the LSE.

Half year results 2016

The ALTIN portfolio generated negative returns over the first half of 2016. The portfolio was down in the first quarter of the year, amidst high macro uncertainties and highly volatile markets. Yet, when compared to its peers and other absolute return strategies, it has shown a high level of capital protection and a low sensitivity to risky assets, achieving nearly flat performance in January in sharp contrast to the collapse of equity markets. In March, however, as many markets strongly rebounded, ALTIN was down, primarily due to losses in Protection strategies, systematic macro funds, as well as a couple of Event Driven funds.

The portfolio was down for the second quarter in a market environment driven by macro factors and political uncertainty. Risk seeking styles such as Macro and Equity Hedge detracted from performance while Event-Driven, Relative Value and Protection strategies offset part of the losses. Managers exposed to European equities had the worst performance during the quarter as a strong risk-off trend starting in May propagated until the Brexit vote. This affected systematic market neutral funds as well as market regimes shifted during the quarter. Protection strategies did provide some relief as the VIX peaked towards the end of the month of June.

For the YTD to end July 2016, the portfolio recovered a part of the losses to post an NAV return of -0.56%, outperforming the HFRI FoF Composite Index, which returned -1.21% over the same period.

The half year report 2016 is available on the Company’s website at the following address: http://www.altin.ch/investors/financial-reports-and-updates/2016.

Capital reduction by nominal value and distribution of dividend

At the extraordinary General Meeting, held on 21 June 2016, the shareholders had accepted by significant margin the proposed capital reduction by nominal value repayment and the payment of a dividend through a partial dissolution of the legal reserve from capital contribution approved by the Swiss Federal Tax Administration.

ALTIN now confirms that the distribution of a combined CHF 24.00 will be executed in line with the below schedule:

20 September 2016

 
  • Last trading day of the registered shares with a nominal value of CHF 17.00 each on the SIX Swiss Exchange
21 September 2016
  • Ex-date for the par value reduction of CHF 16.97 per registered share and for the dividend from capital contribution of CHF 7.03 per registered share
  • First day of trading of the registered shares with a nominal value of CHF 0.03 each on the SIX Swiss Exchange
23 September 2016
  • Disbursement (value date) for a nominal value reduction of CHF 16.97 per registered share and for distribution from capital contribution of CHF 7.03 per registered share

Suspension and cancellation of listing and trading on LSE

An application will be made to the UK Listing Authority to cancel the listing of the shares on the Official List and to the London Stock Exchange to cancel trading of the Altin shares (AIA) on the London Stock Exchange's Main Market with effect from 8.00 a.m. on Friday, 30 September 2016.

For further information, please contact:

Thomas Amstutz

Tel. +41 (0)41 760 62 60

[email protected]

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 35 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. Thanks to these characteristics and a low correlation with equity markets, ALTIN shares provide an ideal complement to all diversified portfolios.

www.altin.ch