Net Asset Value as of July 31, 2009
The Net Asset Value (intrinsic value) of one registered share of Private Equity Holding AG stood at EUR 44.96 (CHF 68.82) as of July 31, 2009. It decreased slightly by EUR 0.03 compared to June 2009.
The development of the Net Asset Value, Share Price and Discount (Share Price versus Net Asset Value) of one registered share of Private Equity Holding AG in the reporting year is shown below:
The development of the Net Asset Value, Share Price and Discount (Share Price versus Net Asset Value) of one registered share of Private Equity Holding AG in the reporting year is shown below:
|
Date
|
NAV
(CHF)
|
NAV
(EUR) |
Share Price
(CHF) |
Share Price
(EUR) |
Discount
(basis CHF) |
Exchange
Rate |
|
31.07.09
|
68.82
|
44.96
|
26.00
|
16.99
|
62%
|
1.5307
|
|
30.06.09
|
68.60
|
44.99
|
23.75
|
15.57
|
65%
|
1.5249
|
|
31.03.09
|
71.76
|
47.28
|
15.40
|
10.15
|
79%
|
1.5177
|
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:
Claudine Birbaum, Investor Relations, claudine.birbaum@peh.ch, phone +41 41 726 79 80
or http://www.peh.ch
For further information, please contact:
Claudine Birbaum, Investor Relations, claudine.birbaum@peh.ch, phone +41 41 726 79 80
or 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 3,853,859 as of July 31, 2009 (June 30, 2009: 3,851,750). 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.