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Year-end valuation 2011 of the ProgressNow! invest AG share - 03.02.2012
The board of directors of ProgressNow! invest AG announce that the net asset value of the ProgressNow share per 31st December 2011, after the year end valuations of all investments, amounted to CHF 12.32 per share (preliminary unaudited figure).
At the year end there were changes in the valuation of the private equity investments. The decrease in the net asset value was mainly due to the new valuation of Velico Medical, Inc and the loss on the sale of the shares in Cadent Holdings, Inc.
The audited annual accounts 2011 and the annual report 2011 will be published on 29th February 2012. The annual general meeting of ProgressNow! invest AG will take place on Wednesday 21st March 2012 in Frauenfeld.
As from 1st January the company will publish the net asset value (NAV) monthly.
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