Summary | Issuer | Ultima Capital SA | | Reason for Disclosing | Change in Notified Details | | Basis of Calculation | 17,014,818 | | Acquisition Positions | 0 (0.000 %) | | Disposal Positions | 2,589,804 (15.221 %) | | Date of Origination of the Reporting Obligation | 12/01/2025 | | | | Individual Shareholder | Beneficial Owner | - Pallas Athene Domus Meriti Alapitvany, Budapest, HU
| | Direct Shareholder | - Alpine 2 SCSp, Luxembourg, LU
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Disposal Positions | Derivative Holdings | | Type of Rights | Numer of Rights | Number of Voting Rights | Percentage | ISIN | | Other | 2,589,804 | 2,589,804 | 15.221 % | - | | Comment: On 6 December 2024, Alpine 2 Scsp entered into a call- and put-option agreement, granting its counterparty the call option to purchase, and Alpine 2 Scsp the put option to sell in total, up to 3,445,485 registered shares in Ultima Capital AG. The call option is exercisable for a period of ten years after 27 December 2024 at an exercise price of CHF 105 per share (subject to customnary adjustments). The put option is exercisable from 1 July 2029 until 27 December 2034 at an exercise price of CHF 105.00 per share from 1 July 2029, CHF 107.00 per share from 1 July 2031, and CHF 108.00 per share from 31 July 2034 until 27 December 2034 per share (subject to customary adjustments). On 6 December 2024, the share capital of Ultima Capital AG was CHF 593,435.40, divided into 5,934,354 registered shares with a par value of CHF 0.10 each. Accordingly, at the signing date of the call- and put-option, the relevant percentage was 33.16%. The option agreement was subsequently amended on 8 December 2025, with retroactive effect, to adjust the number of option shares to the shares held by Alpine 2 Scsp in Ultima Capital AG from time to time. Consequently, additional transactions by Alpine 2 Scsp in shares in Ultima Capital AG may lead to additional disclosure obligations under this option agreement. To this date, no other term of the option agreement has been amended. | |
