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20.12. 19:11 |
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Date: Fri, 20 Dec 2002 19:11:06 +0100
euro adhoc: Alpine Select AG / Alpine Select AG, Zug: terminates
relationship with Citicorp (E)
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Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
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Zug, 20 December 2002. Effective December 31, 2002 Alpine Select
(Overseas) Ltd., Cayman Islands - a wholly-owned subsidiary of Alpine
Select AG, Zug - agreed to terminate the Investment Management
Agreement with its trading and risk manager, Citicorp Trust N.A.
(California), for a consideration of USD 1'000'000.
This will allow the Board of Directors to regain control of the
Company's asset allocation. Accordingly, the Board of Directors have
instructed Citicorp Trust to redeem all investments. The proceeds
will be received over the next few months. The Board of Directors of
Alpine Select AG is now reviewing the Company's Investment Policy and
will propose changes to shareholders in due course.
end of announcement euro adhoc 20.12.2002
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Further inquiry note:
Dr. Hermann Strehler Alpine Select AG, Bahnhofstrasse 23, 6304 Zug Telephone 041 720 44 11, Fax 041 720 44 12 [email protected] / www.alpine-select.ch
Branche: Financial & Business Services
ISIN: CH0008441229
WKN: 844122
Börsen: SWX Swiss Exchange / official dealing
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