EANS-Adhoc: shaPE Capital AG
Improved investment management and advisory
agreement terms agreed with investment manager - further reduction of management
fee
28.09.2012 – 17:51
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Contracts/management fee 28.09.2012 shaPE and its investment manager have agreed on further improved terms in the investment management and advisory agreement. In particular the management fee of currently 1% p.a. payable on the value of the investment portfolio (excluding cash) will be reduced stepwise to 0.9% for the remaining of 2012, then to 0.8% in 2013 and subsequently to 0.7% for the years 2014 onwards. Further, the investment manager's entitlement to receive management and performance fee has been limited to 12 months following a termination notice per quarter end. Finally, Beat Buehlmann, chairman of shaPE, has terminated his advisory mandate with Bank Julius Baer & Co. Ltd. effective 30 September 2012 and will be retained directly by shaPE as of 1 October 2012. This change is accomplished on a cost neutral basis for shaPE. These latest fine-tuned adjustments are aligned with the finite time horizon under the realization strategy and underline the commitment of shaPE and its investment manager for a cost-effective execution of the realization strategy. end of ad-hoc-announcement ================================================================================ shaPE is a SIX Swiss Exchange-listed investment company with exposure to a global private equity portfolio built over the past years. In 2009 shaPE decided to initiate a realization strategy with the ultimate goal to return the intrinsic value of the current portfolio to its shareholders. Under this realization strategy shaPE does not make any new commitments to private equity funds, but focuses on harvesting the value of the current portfolio over the coming years. shaPE is listed on the SIX Swiss Exchange under the ticker symbol "SHPN". Further inquiry note: Dr. Simon Lamprecht shaPE Capital AG Wolleraustrasse 41a 8807 Freienbach Phone: +41 58 596 12 96 Fax: +41 58 596 12 97 E-mail: info@shape-capital.com Internet: www.shape-capital.com end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: shaPE Capital AG Wolleraustrasse 41a CH-8807 Freienbach phone: +41/58/596 12 96 FAX: +41/58/596 12 97 mail: info@shape-capital.com WWW: http://www.shape-capital.com sector: Financial & Business Services ISIN: CH0012885841 indexes: stockmarkets: official dealing: SIX Swiss Exchange language: English