25.06.2015 – 07:07

shaPE Capital AG

EQS-Adhoc: shaPE Capital AG: extraordinary shareholder meeting to resolve on voluntary liquidation

EQS Group-Ad-hoc: shaPE Capital AG / Key word(s): AGM/EGM
shaPE Capital AG: extraordinary shareholder meeting to resolve on
voluntary liquidation

25.06.2015 / 07:00
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.

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Freienbach, 25 June 2015

The board of directors of shaPE Capital AG ("shaPE", the "Company") has
decided to invite the shareholders to an extraordinary shareholders meeting
to be held on 16 July 2015 and to propose the voluntary liquidation of the
Company. Upon approval of this proposal, the board of directors will seek
to delist the Company from the SIX Swiss Exchange as of 27 July 2015 and as
of then enable an OTC trading via the OTC-X platform of BEKB
(www.otc-x.ch). The invitation to the extraordinary shareholder meeting
with the particular agenda items has been published today in the Swiss
Official Gazette of Commerce and is available on the Company's website
www.shape-capital.com.

With shaPE entering the last phase of the realisation strategy, the board
of directors is of the opinion that the proposed route is the most feasible
and cost-efficient and allows for an orderly planning and execution of the
final few tasks. The board of directors proposes to elect Dr Beat Bühlmann
as the liquidator. Beat Bühlmann has been acting as the chairman of the
Company since 2006 and as a shareholder of 2.4% of the outstanding shares
of the Company he is fully aligned with the interest of fellow
shareholders. The existing board members Prof Dr Christoph Lengwiler and
Juerg W. Sturzenegger will remain on the board of directors up to the final
liquidation of the Company.

Following the approval by the shareholders to voluntarily liquidate the
Company, the delisting of the shares from the SIX Swiss Exchange will be
sought with the final trading day being 24 July 2015. As of 27 July 2015, a
trading of the shares will be enabled via the OTC-X platform of BEKB.

As of today, the portfolio of shaPE consists of 10 fund interests with an
aggregate fair value of CHF 19.5 million as per Q1 reporting. As of today
the cash balance stands at around CHF 9.6 million. Accounting for the cash
inflow related to the disposal of the two Bain Capital fund interests in
early July 2015 as well as for the distribution of CHF 20 per share related
to the resolved nominal value reduction scheduled for 17 July 2015 (ex-date
15 July), the cash balance will by the end of July 2015 be reduced to
approximately CHF 2.9 million. shaPE continues to liquidate the remaining
fund positions. As in the past, shaPE however is not seeking an exit at any
price, but rather aims to optimise the sales proceeds over time. Depending
on market conditions and depending on developments within the underlying
funds, it is expected that these funds will be disposed of over the coming
few quarters. Since the initiation of the realisation strategy in the fall
of 2009, shaPE has persistently focused on the efficient execution of this
strategy. Over that time period outstanding shares have been reduced by
more than 50% through repetitive share buybacks where shares were bought at
a discount to the stated NAV per share thereby increasing the valuation of
the remaining outstanding shares. In addition, including the distribution
of CHF 20 per share in July 2015, a total of CHF 158 has by now been
returned to shareholders.

Following the delisting and assumed OTC trading on OTC-X, shaPE will
continue to communicate through its website www.shape-capital.com. As in
the past, shaPE will publish quarterly newsletters with an updated NAV
calculation within the first few weeks of every quarter.

End of ad hoc announcement

+++++
Additional features:

Document: http://n.equitystory.com/c/fncls.ssp?u=MXPMKMNSFF
Document title: shaPE: eo SM 16 July 2015 invitation & agenda

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25.06.2015 News transmitted by EQS Schweiz AG. www.eqs.com - news
archive: http://switzerland.eqs.com/de/News

The issuer is responsible for the contents of the release.

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Information and Explaination of the Issuer to this News:

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'.


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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:      Foreign Exchange(s) SIX


End of News    EQS Group News-Service
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371767 25.06.2015