DGAP-Adhoc: shaPE Capital AG: Interim distribution of general legal reserves from capital contributions and capital reduction
shaPE Capital AG / Key word(s): Payout
13.11.2013 17:48
Release of an ad hoc announcement pursuant to Art. 53 KR
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Freienbach, 13 November 2013
shaPE is pleased to announce an interim cash distribution of general legal
reserves from capital contributions in the amount of CHF 18 per share. The
distribution will be proposed by the board of directors at the occasion of
an extraordinary shareholder meeting on 4 December 2013. The board of
directors also intends to propose a capital reduction of up to 110'000
shares to cancel treasury shares repurchased under the buyback program.
The proposed interim distribution is a result of the strong liquidity
generated by the underlying private equity portfolio under the realization
strategy. Considering the CHF 38 per share paid out to shareholders earlier
this year total distributions for 2013 will amount to CHF 56 representing a
yield of 41.7%, based on yesterday's closing share price.
In the case of adoption of the proposal, the distribution is expected to be
paid on 12 December 2013. The relevant date for the entitlement to the
dividend (record date) will be 11 December 2013 and the corresponding
ex-dividend date will be 9 December 2013. The distribution is not subject
to Swiss withholding tax.
The invitation to the extraordinary shareholder meeting is available on
www.shape-capital.com.
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Information and Explaination of the Issuer to this News:
shaPE Capital AG
shaPE is a SIX Swiss Exchange-listed investment company with exposure to a
global private equity portfolio. 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'.
For further information please contact:
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
13.11.2013 News transmitted by EQS Schweiz AG.
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Language: English
Company: shaPE Capital AG
Wolleraustrasse 41a
8807 Freienbach
Switzerland
Phone: +41 58 596 12 96
Fax: +41 58 596 12 97
E-mail: info@shape-capital.com
Internet: www.shape-capital.com
ISIN: CH0012885841
Valor: 765355
Listed: SIX
End of Announcement EQS Group News-Service
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