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: Ticker symbols Security number ISIN Contact
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SIX Swiss Exchange (www.six-swiss-exchange.com )
 NEWN (CH 1 081 986 CH0010819867 New Value AG, Zugerstrasse 8a, CH-6340 Baar, Switzerland Dr. Bernd Pfister Phone +41 43 344 38 38 pfister@newvalue.ch www.newvalue.ch Email: info@newvalue.ch