Baar (pta052/26.11.2019/21:30) - Baar, November 26, 2019
As stated in earlier press releases and the half-year report for the business year 2019/20, Sensimed SA experienced big difficulties in realising a financing to secure the continued existence of the company. In an extraordinary General Meeting on October 29, 2019 the shareholders of Sensimed SA did not vote with the required quorum in favour of a capital increase which would have been essential for the implementation of a new financing round.
To avoid bankruptcy the board of Sensimed SA decided on a firesale of the company. Due to the lack of alternatives, the board of New Value AG decided to go along with this decision and to sell all shares in Sensimed SA.
If the conditions of the buyer can`t be met and the proposed sale of the company fails, the board of Sensimed SA will file for bankruptcy.
Both scenarios will lead to the situation that the participation in Sensimed SA amounting to CHF 158`827 will have to be completely or almost completely value-adjusted.
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
Contact New Value AG, Zugerstrasse 8a, CH-6340 Baar, Switzerland
Dr. Bernd Pfister
Phone +41 43 344 38 38
downloads www.newvalue.ch Email: email@example.com