The parties involved have agreed to extend the duration of the call option in regard of the Romande Energie Holding SA (REH) shares held by Alpiq, which was originally due to expire on 31 May. The new expiration date is set for 31 January 2014, under similar conditions.
The call option covers all the remaining REH shares that are still owned by Alpiq (28,737 shares).
In mid-December, the parties announced that Alpiq, in the context of its restructuring programme, would sell its shares in REH. The acquisition of the first tranche (71,257 REH shares at a unit price of CHF 1,100 CHF) took place on 8 January this year. On 10 May 2013, REH exercised another portion of the call option (20,000 shares of the then-remaining 48,737), following which Alpiq’s stake in REH is less than 3%.