New Value AG

DGAP-Adhoc: NEW VALUE AG: Change in strategy for New Value

NEW VALUE AG  / Key word(s): AGM/EGM

29.07.2013 18:48

Release of an ad hoc announcement pursuant to Art. 53 KR


Press Release

Change in Strategy for New Value AG

Baar, July 29, 2013 - At the Annual General Meeting of New Value AG on
August 20, 2013, a change from the current harvesting strategy back to a
growth strategy with an enlarged investment horizon and an extension of the
Board of Directors will be proposed to the shareholders.

As stated in the Annual Report, the restructuring of the company which was
initiated in May 2012 by the then newly elected Board of Directors, was
successfully implemented during the financial year 2012/13 and
consequently, the company was stabilized.

Subsequent to this restructuring, the Board could put a stronger focus on
the strategic development of New Value AG. In May 2013 Swiss Property
Investment Group SA (SPIG) acquired a substantial block of shares and
became the largest shareholder of the Company. A proposal to adapt the
Company's strategy and to add new members to the Board of Directors comes
along with the engagement of this new shareholder. Besides the proposed
reelection of current board members, Mrs. Sunita Shah, Mr. Fabien Boson and
Mr. Umberto Ronsisvalle will stand for election to the Board.  After the
successful turnaround, Mr. Hannes Glaus has decided not to stand for
re-election to the Board. In addition to this board extension, SPIG
proposes to the shareholders the annulment of the current Opting-Up clause
and to replace it with an Opting-Out clause.

The proposed strategy provides for a change from the current harvesting
strategy back to a growth strategy with the support of the new anchor
shareholder. The investment horizon shall be enlarged from the current
narrow focus on growth capital towards a wider focus on Private Market
investments from now on. Private Market investments might include Real
Estate, Private Equity, Venture Capital, Infrastructure and the provision
of Mezzanine Loans.

As a first step to raise liquidity for the Company, SPIG will buy until
August 30, 2013, 162'510 treasury shares of New Value AG at price of CHF
3.00 per share.

As a second step, fresh capital will be injected into New Value AG by way
of a capital increase utilizing the Company's existing authorized share
capital. SPIG hereby undertakes to subscribe for a maximum of 500'000
shares of New Value AG, depending on the number of subscription rights
exercised by other shareholders. The issue price per share is expected to
be CHF 3.00. The subscription by SPIG is subject to the following
conditions: a) the Annual General Meeting of New Value has approved the
change in the articles of association regarding an Opting-Out clause and b)
the Swiss Takeover Board has confirmed the deletion of an obligation by
SPIG to make a mandatory offer to all shareholders of New Value AG.

The change in strategy will be proposed to the shareholders at the Annual
General Meeting on August 20, 2013.

About New Value
New Value AG, which is listed at the SIX Swiss Stock Exchange, invests up
to now directly in private companies with strong growth potential in
Switzerland and neighboring 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 ( )

Ticker symbols  NEWN (CH
Security number   1 081 986
ISIN   CH0010819867
Contact   New Value AG, Zugerstrasse 8a, CH-6340 Baar, Switzerland
   Dr. Bernd Pfister
   Phone +41 43 344 38 38

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Language:               English
Company:                NEW VALUE AG
                        Zugerstrasse 8a
                        6340 Baar
Phone:                  +41 43 344 38 38
ISIN:                   CH0010819867
Valor:                  552932
Listed:                 Freiverkehr in Berlin, Düsseldorf, München,
                        Stuttgart; Frankfurt in Open Market ; SIX

End of Announcement                             EQS Group News-Service



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