Ad-hoc | 8 July 2010 22:01
NEW VALUE AG / AGM/EGM
08.07.2010 22:01
Dissemination of a Adhoc News, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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At the 10th general assembly of New Value in Zurich, the shareholders
approved a share buyback program. The alternatively proposed par value
repayment was declined. In connection with this decision, the proposed
prolongation of the authorized capital was also declined. All other
proposals submitted by the Board of Directors were approved by the
shareholders.
The general assembly authorized the New Value Board of Directors to set up
a share buyback program of up to 10% of the existing share capital. The
details of the program will be announced at a later date. Rolf Wägli,
President of the Board of Directors comments: 'The main goal still is the
reduction of the discount between the share price and the net asset value.
With this decision, we hope to take a step towards the right
direction.'
Information about New Value AG
New Value, listed at the SIX Swiss Exchange, invests directly in promising
private companies in Switzerland and neighbouring countries with
above-average market and growth potential. As an investment company, New
Value promotes innovative business models with venture capital and
accompanies those to market success. The portfolio covers companies of
different stages of development, starting with the market introduction
phase up to medium-sized enterprises with stable profits. A broad
investment approach is deliberately followed regarding industry sectors.
The portfolio contains companies active in cleantech and healthcare. New
Value assigns great value to ethical business concepts and good corporate
governance while selecting their portfolio companies. Criteria such as
meaningfulness, social responsibility and ecological sustainability are
considered by New Value as decisive competitive advantages, which affect
and enhance the quality of products and services offered and thus,
facilitate an above average increase of value potential. Since the
formation of New Value, EPS Value Plus AG, Zurich, has served as investment
manager.
08.07.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: NEW VALUE AG
Bodmerstrasse 9
8027 Zürich
Schweiz
Phone: +41-43-344 38 38
Fax: +41-43-344 38 39
E-mail: info@newvalue.ch
Internet: www.newvalue.ch
ISIN: CH0010819867
Swiss Security Number: 552932
Listed: Freiverkehr in Berlin, München, Düsseldorf,
Stuttgart; Open Market in Frankfurt; Foreign
Exchange(s) SIX
End of News DGAP News-Service
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