Ad-hoc | 19 July 2011 06:30
NEW VALUE AG / Key word(s): Change of Personnel
19.07.2011 06:30
Release of an ad hoc announcement pursuant to Art. 72 KR
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Concentration of strengths and resources
Rolf Wägli, the founder and Chairman of the Board of Directors of New Value
AG, is taking a new approach regarding his mandates as a company director
and will in future concentrate his resources on his responsibilities as a
member of the boards of New Value AG and of Solar Industries AG, New Value
AG's largest investment. Rolf Wägli will therefore resign from the Board of
Directors of Meyer Burger Technology AG, which is listed on SIX, and of
Bogar AG, a company in New Value AG's portfolio.
After the recently announced change in New Value AG's strategy, its founder
and chairman Rolf Wägli will devote more of his time and attention to the
activities of New Value AG, in particular, to the implementation of the
investment company's redefined strategy and to the corporate development of
Solar Industries AG (www.solarindustries.ch). The newly established
subsidiary SI Module AG, Langenthal, will soon begin construction of its
advanced module manufacturing site in Langenthal and its subsidiary SI
Solutions AG, Niederurnen, will be responsible for marketing Solar
Industries' products throughout Switzerland. Rolf Wägli: 'The time is ripe
for this concentration of resources. There are excellent business
opportunities for a well-positioned, internationally active solar company
such as Solar Industries AG. We aim to contribute to a sustainable energy
future through our participation in Solar Industries AG and plan to spread
its slogan, 'Be part of the solution' throughout the world.'
With regard to his resignation from the Board of Directors of Meyer Burger
Technology AG, Rolf Wägli remarks: 'As a co-founder and the long-standing
chairman of 3S Swiss Solar Systems AG, I was able to make certain during
the course of the past 18 months since the merger with Meyer Burger
Technology AG last year that the 3S group companies were successfully
integrated into the technology group. Meyer Burger has now rounded out its
offering as a solar equipment manufacturer by taking over Roth & Rau Group
in Germany. It is very well positioned for the future. The Board of
Directors of Meyer Burger Technology AG is highly qualified to guide the
company into the future. It is hard to leave this extremely fascinating
field but I also look forward to applying my resources and experience
toward the development of young and promising start-ups.'
Bogar AG (www.bogar.ch) has been managed by Peter Hänsli, an executive with
many years of experience in the field of animal feed and veterinary care,
for the past year. Business is going well. Bogar AG has successfully
brought new products to market in recent months and it boasts a strong
product pipeline. Its marketing and sales activities in Switzerland and the
surrounding countries are strategically well positioned and on track to
meet the sales targets for the current year.
Information about New Value AG
New Value is the pioneer for sustainable direct investments in young and
rapidly growing Swiss companies. New Value, listed on SIX Swiss Exchange,
invests directly in promising private companies in Switzerland and Germany
with substantial market and growth potential. New Value provides growth
capital to fund the innovative business models of these companies and
guidance in advancing their corporate development. The portfolio is
invested in companies at different stages of development, ranging from the
market launch phase to medium-sized enterprises with stable profits. The
portfolio consists of companies active in the Cleantech and Healthcare
sectors. New Value is committed to sustainability and attaches great
importance to ethical business concepts and good corporate governance.
19.07.2011 News transmitted by EquityStory AG.
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Language: English
Company: NEW VALUE AG
Bodmerstrasse 9
8027 Zürich
Switzerland
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, Düsseldorf, München,
Stuttgart; Open Market in Frankfurt; SIX
End of Announcement EquityStory News-Service
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