Baar (pta002/20.05.2021/00:30) - 20. May 2021 - Pursuant to the resolutions of the Extraordinary General Meeting of the Company on April 16, 2021, the Board of Directors has been instructed to increase the share capital of the Company by up to CHF 50,000,000.
At its meetings yesterday, the Board of Directors increased the share capital by CHF 34,193,049 from previously CHF 328,723.30 to CHF 34,521,772.30 by issuing 34,193,049 fully paid registered shares with a par value of CHF 1 each and at an issue price of CHF 1 each by contribution in kind. The new registered shares are currently not listed on the stock exchange.
The recoverability of these contributions in kind was based on external, independent valuation reports and confirmed by the auditors of New Value AG.
The registration of the capital increase in the commercial register is expected today, so that the net asset value for a listed registered share with a par value of CHF 0.10 each, will be CHF 0.10.
Furthermore, the Board of Directors has revised the investment regulations and terminates the previous realization strategy. The focus of the investments is now on investments in private companies in the area of digital business models.(end)