Disclosure 21545

Publication date:
Last updated:


Issuer Ultima Capital SA
Reason for disclosing Granting of derivative holdings, Purchase of notes
Basis of calculation 5'909'922
Purchase positions 1'968'004 (33.300%)
Sale positions 0 (0.000%)
Date of origination of the reporting obligation 03.09.2021

Individual shareholder

Beneficial owner Pallas Athene Domus Meriti Alapitvany, Budapest, Hungary
Direct shareholder Alpine Holding Korlatolt Felelossegu Tarsasag, Budapest, Hungary

Purchase positions

No voting rights at own discretion

Derivative holdings

Type Number Voting rights ISIN or basic terms
Put Option 1 1'968'004 On 27 August 2021, Alpine Holding Korlatolt Felelossegu Tarsasag, has entered into a secured financing with Alpine 1 SCSp, Luxembourg, which in turn owns the units in Alpine 2 SCSp. The shares in Ultima Capital SA owned by Alpine 2 SCSp serve as collateral for the debt financing (secured debt). Under the secured debt financing agreement, Alpine 1 SCSp issues various tranches of notes with maturity date 30 December 2025 (“Notes”). At the election of Alpine 1 SCSp, repayment of the Notes can be made either in cash or by transferring the units in Alpine 2 SCSp (“Repayment in Kind”) at the maturity of the Notes. In case of such Repayment in Kind, Alpine Holding would hold indirectly via Alpine 2 SCSp 1,968,004 shares in Ultima Capital SA (33.30%).