Annual Results / Annual General Meeting on July 4, 2014 in Zug
Annual Results / Annual General Meeting on July 4, 2014 in Zug
NEWS RELEASE
Zug, June 12, 2014
Private Equity Holding AG (PEH) has published the invitation for its 17th Annual General Meeting to be held on July 4, 2014, in Zug and the annual report for the financial year 2013/2014 on its website. Registered shareholders will receive the invitation in the course of the next days by mail.
The audited Net Asset Value (NAV) per share as of March 31, 2014 amounts to EUR 65.91 (CHF 80.29), which represents an increase of 11.9% (in EUR) since April 1, 2013 including the distribution of CHF 2.25 per share in September 2013. PEH reports a comprehensive income of EUR 20.2 million for the financial year, an increase of 7.3%.
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Private Equity Holding AG (SIX: PEHN) offers investors the opportunity to invest, within a simple legal and tax optimized structure, in a broadly diversified and professionally managed private equity portfolio.
For further information, please contact:
David Wetter, Investor Relations,david.wetter@peh.ch, phone +41 41 726 79 80, http://www.peh.ch
Basis of the Net Asset Value Calculation and Disclaimer
The number of outstanding shares used for calculation of the Net Asset Value per share amounted to 3,195,280 as of March 31, 2014 (February 28, 2014: 3,208,206). The calculations are prepared in accordance with International Financial Reporting Standards (IFRS) and pursuant to the guidelines of the European Venture Capital Association (EVCA). The Net Asset Values of the fund investments are based on the most recent report of the latest NAV (net asset values) as reported by the funds. Unlisted direct investments are rated at Net Asset Values. The Net Asset Value of listed direct investments is the market value. Based on a composite assessment of all appropriate and applicable indicators of the Net Asset Value, Private Equity Holding AG makes a good faith estimate of the Net Asset Value as of the valuation date. The Net Asset Values are calculated under a going concern assumption. The Net Asset Value of Private Equity Holding AG is computed as of the end of each month and usually published within six trading days after the cut-off date. The different reporting cut-off dates of the individual companies and funds in which participations are held can lead to short-term distortions and cause discrepancies between the published Net Asset Value and the actual total value of Private Equity Holding AG's net assets.