|Year-end valuation 2013 of the ProgressNow! invest AG share - 29.01.2014
The board of directors of ProgressNow! invest AG announce that the net asset value of the ProgressNow! invest AG share per 31st December 2013, after the year end valuations of all investments, amounted to CHF 7.00 per share (preliminary unaudited figure).
At year end there were no changes in the valuation of the private equity investments in accordance with the valuation guidelines of the company. The decrease in the net asset value over the year was mainly due to losses on the amount due from the sale of Cadent Holding, Inc in 2011and a further weakening of the US-Dollar against the Swiss Franc.