Investment Rationale

Alpine’s core believe is that shareholders’ interest should come first. As a proof of alignment of interest with shareholders, Board members hold more than 10% in Alpine while more than 30% are held by anchor shareholders.

Alpine applies a shareholder friendly dividend policy: Following changes in the Swiss tax law, the Company intends to distribute a dividend free of withholding tax to shareholders, as long as a targeted return of 6 – 10% per year is achieved.

It is the intention of Alpine to be recognized as an efficient and successful company. Accordingly, emphasis is on retaining a light and flexible cost structure with the Company contracting outside expertise when cost/benefit of such advice can be demonstrated.

Due to its listing on the Swiss Stock Exchange, Alpine offers daily liquidity within a stable regulatory environment.

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