Sustainable Performance Group AG's Annual General Meeting: Board of Directors makes definitive proposals on amounts to be distributed

(PresseBox) ( Zürich, )
When it sent out the invitation to the Annual General Meeting of June 6, 2011, the Board of Directors of Sustainable Performance Group, Zurich, ("SPG") also proposed to shareholders that they approve the company's transition to an innovative fund structure. This target vehicle is a future-oriented Luxemburg investment fund (SICAV) called the Globalance Sokrates Fund. Owing to the volatility of the financial markets, the Board of Directors expressly reserved the right in its invitation letter to adjust proposals about the distributions to be paid out in connection with the transition.

Since the planned strategic transformation was announced on May 16, 2011, the net asset value (NAV) of SPG has fallen by around 9%, not least because of the lower value of its main investment currencies, the US$ and Euro, and negative equity markets.

In order to establish a safety margin, the Board of Directors has therefore decided to propose a smaller reduction in share capital under item 8.2 of the agenda for today's AGM (Share Capital Reduction by Par Value Reduction and Dividend in Kind). The proposal now is that the share capital be reduced by CHF 21,504,000 from CHF 41,664,000 to CHF 20,160,000 by reducing the par value of the 672,000 bearer shares by CHF 32, from CHF 62 to CHF 30. The reduction amount of CHF 32 should be distributed to shareholders in the form of units, or fractions of units, in the Globalance Sokrates Fund.

The definitive proposal under agenda item 8.1 (Allocation and Distribution of Reserves from Capital Contributions) remains unchanged: a distribution of CHF 88.04 per SPG bearer share in the form of fund units, or fractions of units.

SPG's remaining capital, including proceeds from the sale of private equity investments, will be distributed to SPG shareholders in the form of fund units, or fractions of units, following the company's liquidation, which should occur towards the end of 2011.

Termination of trade in SPG shares planned for the end of the third quarter

Provided the AGM approves the proposals relating to the transition to a fund structure, the Board of Directors intends to delist SPG shares from the SIX Swiss Exchange in the second half of September 2011. SPG shares should thereafter be traded off-exchange.
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