Investors

Net Asset Value (NAV)

Net Asset Value (NAV) per share (in CHF)
as at 30 July 2020
CHF 12.74
as at 23 July 2020
CHF 12.75
as at 16 July 2020
CHF 12.53

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Investment Strategy

Alpine’s goal is to achieve attractive absolute returns.

Alpine Select’s goal is to achieve attractive absolute returns by building a diversified portfolio investing in securities, quoted or otherwise, of Swiss and foreign corporations. Furthermore, Alpine Select takes positions in special situations (significant transactional events such as spin-offs, acquisitions, arbitrages, mergers, carve-outs and recapitalizations).

Investment Rationale

It is the intention of Alpine Select to be recognized as an efficient 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

Alpine Select applies a shareholder friendly dividend policy: The Company intends to distribute a dividend to shareholders, taking the return goals and economic situations of the Company into consideration (since 2014 an annual dividend has been distributed).

It is the intention of Alpine Select to be recognized as an efficient 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.

  • Pooling of investors’ interest through investment policy and business Credo

  • Access the investment capabilities of the experienced Alpine Select investment team

  • Members of the investment team are significantly invested in Alpine Select Ltd. and Alpine Select Alternative Fund

  • Cost efficient set-up: 'Performance before growth'

  • Stable regulatory environment, regular updates and reports

Corporate Calendar

Corporate Action

The Ordinary Shareholders' Meeting of Alpine Select Ltd. held on 20 May 2020 authorized the board of directors to repurchase up to 10% of the share capital in the period up to the ordinary shareholders' meeting in 2022 for the subsequent definitive cancellation of the shares through a capital reduction.

Based on this authorization the board of directors has decided to launch a new share buyback program on a second trading line at SIX Swiss Exchange. Starting 26 June 2020 (first trading day) a maximum of 925,797 registered shares or an equal of 9.00% of the share capital (10.00% of the outstanding share capital after execution of a capital reduction also resolved by the ordinary shareholders' meeting). The actual number of shares bought back will be determined by Alpine Select's freely available liquidity on the one hand and by the supply on the second trading line on the other hand. The shares will be repurchased in the period between 26 June 2020 and 31 May 2022. After completion of the share buyback program, the board of directors will propose to the ordinary shareholders' meeting the capital reduction by cancellation of all shares purchased within this buyback program. 

The maximum buyback volume per day is 3,271 shares (calculated according to Article 123 para. 1 lit. c FinraV).

Valor
55,039,512
ISIN

CH0550395120

Ticker

ALPNE

Buyback Notice

Current Status of share Repurchase

Click here for an overview on the progression of, and on the transactions made in own shares, during the current (2020 - 2022) share buyback program.

Based on the authorization resolution of the General Assembly of 16 May 2019, the Board of Directors of Alpine Select has decided to launch a new share buyback program on a separate trading line at SIX Swiss Exchange. Starting 29 July 2019 (first trading day) a maximum of 514,155 registered shares or an equal of 5.00 % of the share capital registered in the commercial register will be purchased for cancellation purposes. The maximum buyback volume per day is 5,492 shares (in accordance with Art. 123 para. 1 lit. c FinraV).

Valor

48,458,157

ISIN

CH0484581571 

Ticker

ALPNE

Press Release Launch Buyback

Buyback Notice - 25 July 2019

Current Status of Share Repurchase

Click here for an overview on the progression of, and on the transactions made in own shares, during the (2019 - 2021) share buyback program.

Termination of the Share Buyback Program at Market Price

Tradeable
Put Options

Based on the authorization resolution of the General Assembly of 16 May 2019, the Board of Directors of Alpine Select has decided on repurchasing a maximum of 514,155 registered shares (which corresponds to a maximum of 4.59% of the outstanding share capital currently registered in the commercial register or a maximum of 5% of the outstanding share capital following the cancellation of 919,795 own shares on 22 July 2019) by issuing tradeable put options:

  • 1 put option for each registered share held, free of charge;
  • 20 put options entitle shareholders to tender one registered share with a nominal value of CHF 0.02;
  • the exercise price is CHF 17.00, and represents a premium of 24% to the closing price of the registered share on 26 June 2019;
  • the put options will be traded from 1 July 2019 to and including 16 July 2019;
  • the put options must be exercised (European style) on 18 July 2019 by 11.00 am CEST at the latest (any put options not exercised on time and the rights related to these options will expire without any compensation);
  • payment of net purchase price (exercise price minus 35% withholding tax calculated on the difference between the exercise price and the nominal value) will be on 19 July 2019.
Valor
48,459,294
ISIN
CH0484592941
Ticker
ALLPPO

When considering whether to sell the put options on the stock exchange or to exercise them in order to tender registered shares, shareholders are advised to follow the instructions and recommendations of their custodian bank or other professional advisers.

The Board of Directors of Alpine Select intends to ask the next Shareholders' Meeting to resolve on the cancellation of the repurchased shares and on the corresponding capital reduction.

In addition, the Board of Directors of Alpine Select is considering launching a new share buyback program on a second trading line, following the share buyback program through the issuance of tradeable put options.

Press Release Launch Buyback

Buyback Notice - 27 June 2019

Successful completion of the repurchase of own shares by issuing tradeable put options for the purpose of capital reduction

In total, 510,980 registered shares were tendered which corresponds to 4.56% of the share capital registered in the commercial register. The net purchase price (exercise price minus 35% withholding tax calculated on the difference between the exercise price and the nominal value) will be paid on 19 July 2019. The board of directors of Alpine Select will propose to the next Shareholders' Meeting the cancellation of all registered shares repurchased under this share buyback program.

Alpine Facts

Incorporation date
18 September 1997
Listing
SIX Swiss Exchange, Swiss Standard Segment
Stock Exchange Symbol
ALPN
ISIN Cide
CH0019199550
Reuters
ALPN.S
Bloomberg
ALPN SW EQUITY
Types of shares:
Registered shares
Shares issued:
9'257'970
Nominal value
CHF 0.02
Net Asset Value
Published on the Company Website, in Finanz und Wirtschaft, Zurich (Saturday edition), on various data providers
Management fees
None
Advisory fees
CHF 0.12/annually
Performance fees
None
Custodian
Bank Julius Bär & Co. AG
Distributions
Out of retained earnings