Ad-hoc | 24 August 2012 18:00
NEW VALUE AG / Key word(s): Miscellaneous
24.08.2012 18:00
Release of an ad hoc announcement pursuant to Art. 53 KR
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Press Release
Write-off of the investment in Qualilife AG
Baar, August 24 2012 -Due to a cumulation of negative effects Qualilife AG
got into an over-indebtedness and had to deal with a severe liquidity
crisis. The Board of Directors of Qualilife AG decided to file for
insolvency.
A big customer project that was planned to be implemented in 2012 and had a
high probability of being awarded to Qualilife AG was delayed. In addition
warranted payments out of a research-program from the EU that were due in
2012 were, for the biggest part, delayed into 2013. In this situation an
intended financing round with new investors couldn't be realized.
On this basis, New Value AG has to write off the whole investment in
Qualilife AG.
The write-off amounts to CHF 3,2 Mio.
Information 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
Dr. Bernd Pfister
Tel. +41 43 344 38 38
pfister@newvalue.ch
Information/
downloads www.newvalue.ch Email: info@newvalue.ch
24.08.2012 News transmitted by EquityStory AG.
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Language: English
Company: NEW VALUE AG
Zugerstrasse 8a
6340 Baar
Switzerland
Phone: +41 43 344 38 38
Fax:
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
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