|
Novavisions AG (Xetra: 657221 - Nachrichten) / Miscellaneous 01.07.2009 Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG (Xetra: 549416 - Nachrichten) .
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Novavisions sells majority in NovaStor to management and
group of investorsRotkreuz (Switzerland), 1 July 2009 - Novavisions AG signed an agreement
with a group of investors and NovaStor management on the majority takeover
of the NovaStor companies yesterday. This transaction puts into practice the resolution taken at the Annual
Shareholders Meeting on 8 May of only holding minority stakes in companies. Under the agreement, company management and an investor group will acquire
the majority of the NovaStor companies, valued at EUR 6.1 million.
Novavisions is to remain a significant minority investor in NovaStor. The
sale brings Novavisions a capital gain of around EUR 0.7. The transaction
will give rise to a short-term cash flow of some EUR 0.9 million for
Novavisions from the initial payment instalment. This partial disposal also
significantly reduces costs at the company and creates room for further
steps to increase shareholder value. Contact: Novavisions AG
Claudia Schumacher
Grundstraße 12
CH-6343 Rotkreuz
Tel.: +41 (0)41 798 33 44
Fax: +41 (0)41 798 33 99
E-Mail: claudia.schumacher@novavisions.com
www.novavisions.com
01.07.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------------
Language: English
Issuer: Novavisions AG
Grundstrasse 12
CH-6343 Rotkreuz
Schweiz
Phone: +41-41798 33-44
Fax: +41-41798 33-99
E-mail: claudia.schumacher@novavisions.com
Internet: www.novavisions.com
ISIN: DE0006572217
WKN: 657221
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Düsseldorf
of News DGAP News-Service
---------------------------------------------------------------------------
|