Tax status update

Paris, 10 March 2014 – Altamir stated in its press release of 6th March 2014 that the company is eligible for the French PEA PME tax regime. Following the publication of Decree n°2014-283 on 4th March 2014, Altamir is awaiting the specific details and comments from the French government in order to confirm its eligibility for the PEA PME regime.

As a reminder, Altamir derives certain tax benefits from its status as an SCR (French “société capital risque”). As such, retail investors of Altamir who reside in France are exempt from income tax, capital gains tax, and dividend tax on Altamir shares, subject to specific conditions regarding the length of time they hold their shares and re-invest dividends. The tax exemption benefits that Altamir derives from its status as an SCR are not affected by elegibility for the PEA PME regime.

About Altamir

Altamir is a listed private equity company with more than €500 million in assets under management. The objective of Altamir is to grow its net asset value (NAV) per share and to outperform the most relevant indices (CAC Mid & Small, and LPX Europe). 

Altamir invests via the funds managed by Apax Partners France, a leading private equity firm in French-speaking Europe, and via Apax Partners LLP, one of the world's leading private equity investment groups. Both firms target buyout and growth capital investments in which they are majority shareholders or lead investors, and help management teams to implement ambitious value creation plans.

Altamir provides access to a diversified portfolio of fast-growing companies across Apax's sectors of specialization: Technology, Media, Telecom, Retail & Consumer, Healthcare, and Business & Financial Services. The portfolio is also diversified by size and geography: mid-sized companies in French-speaking European countries; and larger companies across Europe, North America and key emerging markets (China, India, Brazil). 

Altamir is listed, since its inception in 1995, on the NYSE Euronext Paris exchange, Compartment B, ticker: LTA, ISIN code: FR0000053837. It is listed on the CAC Small, CAC Mid & Small, CAC All-Tradable and LPX Europe indices, among others. The total number of Altamir ordinary shares in circulation at 31 December 2013 was 36,512,301. For further information, please visit www.altamir.fr .

Contact

Raquel Lizarraga

Tél. : +33 1 53 65 01 33

E-mail : [email protected]

 

© Copyright Actusnews Wire

Recevez gratuitement par email les prochains communiqués de la société en vous inscrivant sur www.actusnews.com

Receive by email the next press releases of the company by registering on www.actusnews.com, it's free

Quelle: Actusnews