Ad hoc announcement according to article 53 KR
NEW VALUE AG: Change in valuation for Silentsoft SA
Baar
(pta031/09.10.2017/18:45 UTC+2)
Press Release
Change in valuation for Silentsoft SA
Baar, October 09, 2017
In recent months the board of directors of the portfolio company Silentsoft SA has negotiated with external investors for the future financing of the company. Silentsoft SA could not complete these negotiations in time which led to a short term liquidity need.
The biggest shareholders of Silentsoft SA agreed to contribute the needed funds, under certain conditions, in a financing round.
Due to its own liquidity situation New Value AG cannot participate in this financing. Accordingly this financing round, if succesfully achieved and completed, has a significant effect on the valuation of the investment in Silentsoft SA which has to be adjusted by TCHF 700. This impairs the NAV (Net Asset Value) of New Value AG by CHF 0,21 per share.
About New Value
New Value AG, which is listed on the SIX Swiss Exchange, invests directly in private companies with strong growth potential in Switzerland and neighbouring countries. New Value AG provides growth capital to promote innovative business models and supports the companies to market success. The companies included in the portfolio are mainly related to the cleantech and healthcare sectors.
Stock exchange listings: SIX Swiss Exchange (www.six-swiss-exchange.com)
Ticker symbols NEWN (CH)
Security number 1 081 986
ISIN CH0010819867
Contact New Value AG, Zugerstrasse 8a, CH-6340 Baar, Switzerland
Dr. Bernd Pfister
Phone +41 43 344 38 38
info@newvalue.ch
Information/
downloads www.newvalue.ch Email: info@newvalue.ch
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Emitter: |
NEW VALUE AG Zugerstrasse 8a 6340 Baar Switzerland |
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Contact Person: | Bernd Pfister | |
Phone: | +41 43 344 38 38 | |
E-Mail: | pfister@newvalue.ch | |
Website: | www.newvalue.ch | |
ISIN(s): | CH0010819867 (Share) | |
Stock Exchange(s): | SIX Swiss Exchange |