Brief: New Value AG Announces Sale Of Shares In Sensimed

Talenthouse AG

26/11/2019 20:46

Nov 26 (Reuters) - New Value AG  NEWN.S :
    * SALE OF SHARES IN SENSIMED SA
    * SENSIMED SA EXPERIENCED DIFFICULTIES IN REALISING A
FINANCING TO
SECURE CONTINUED EXISTENCE OF COMPANY
    * IN EXTRAORDINARY GENERAL MEETING ON OCT 29 SHAREHOLDERS OF
SENSIMED DID NOT VOTE WITH REQUIRED QUORUM IN FAVOUR OF CAPITAL
INCREASE
    * TO AVOID BANKRUPTCY BOARD OF SENSIMED SA DECIDED ON A
FIRESALE
OF COMPANY
    * BOARD OF NEW VALUE AG DECIDED TO GO ALONG WITH DECISION
AND TO
SELL ALL SHARES IN SENSIMED SA
    * CONDITIONS OF BUYER CAN'T BE MET AND PROPOSED SALE OF CO
FAILS,
BOARD OF SENSIMED SA WILL FILE FOR BANKRUPTCY
    * BOTH SCENARIOS WILL LEAD TO SITUATION THAT PARTICIPATION
IN
SENSIMED AMOUNTING TO CHF 158827 WILL HAVE TO BE COMPLETELY
VALUE-ADJUSTED

Source text for Eikon:  ID:nPexbYYVZa 
Further company coverage:  NEWN.S 

 ((Reuters.Briefs@thomsonreuters.com;))