Annual Results / Annual General Meeting on July 05, 2012 in Zug
NEWS RELEASE
Zug, June 13, 2012
Private Equity Holding AG (PEH) has published the invitation for its 15th Annual General Meeting to be held on July 05, 2012, in Zug and the annual report for the financial year 2011/2012 on its website. Registered shareholders will receive the invitation in the course of the next days via mail.
The audited Net Asset Value (NAV) per share as of March 31, 2012 amounts to EUR 55.85 (CHF 67.32), which represents an increase of 6.4% (in EUR) since April 1, 2011 including the capital reduction of CHF 2.00 per share in September 2011. PEH reports a comprehensive income of EUR 10.6 million for the financial year; both its balance sheet and off-balance sheet ratios have improved further throughout the year: the fair value of the portfolio increased by 7% and the over-commitment ratio decreased from 27% to 22%.
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Private Equity Holding AG (SIX: PEHN), managed by Alpha Associates, 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:
Peter Wolfers, Investor Relations, peter.wolfers@peh.ch, phone +41 41 726 79 80 or http://www.peh.ch.
Basis of NAV calculation and disclaimer
The number of outstanding shares used for calculation of the Net Asset Value per share amounted to 3,599,195 as of March 31, 2012 (February 29, 2012: 3,599,948). 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 published four 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. The accuracy of the information cannot be guaranteed and no liability shall be accepted in this respect. This newsletter is for information only and does not constitute an offer to buy or sell PEH-shares.
