Brief: New Value AG: Change in valuation for Silentsoft SA

Talenthouse AG

10/10/2017 05:53

Oct 10 (Reuters) - NEW VALUE AG  NEWN.S : 
    * SAID ON MONDAY, IN RECENT MONTHS BOARD OF DIRECTORS OF  
PORTFOLIO COMPANY SILENTSOFT SA HAS NEGOTIATED WITH EXTERNAL 
INVESTORS FOR FUTURE FINANCING OF COMPANY 
    * SAID SILENTSOFT SA COULD NOT COMPLETE THESE NEGOTIATIONS 
IN TIME WHICH LED TO A SHORT TERM LIQUIDITY NEED 
    * SAID THE BIGGEST SHAREHOLDERS OF SILENTSOFT SA AGREED TO 
CONTRIBUTE THE NEEDED FUNDS, UNDER CERTAIN CONDITIONS, IN A 
FINANCING ROUND 
    * DUE TO ITS OWN LIQUIDITY SITUATION NEW VALUE AG CANNOT 
PARTICIPATE IN THIS FINANCING 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nPexDgzH0a 
     
 Further company coverage:  NEWN.S   
    
 
 
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