November 29, 2018 / 6:11 AM / 20 days ago

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

Nov 29 (Reuters) - Alpine Select AG:

* 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: Further company coverage: (Gdynia Newsroom)

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