Bloxolid AG
Novavisions AG – Result for the financial year 2011
Novavisions AG / Key word(s): Final Results 26.04.2012 18:28 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Novavisions AG - Result for the financial year 2011 Rotkreuz (Switzerland), 26 April 2012; Novavisions AG with cleaned up balance sheets and resultant effects on the financial statements 2011 Novavisions sold - manly against loans - all shares held in the NovaStor subsidiaries to NovaStor AG at the end of the financial year. Novavisions still has a share of 17% in NovaStor AG. Since the carrying amount of the NovaStor companies was higher than the sales price, these transactions led to a loss, which contributed significantly to the negative result. In the second half of the year 2011 a loss of EUR -3'293 thousand (2010: a profit of EUR 131 thousand) resulted. For the financial year 2011 a loss of EUR -3'700 thousand (2010: a profit of EUR 170 thousand) resulted. The equity ratio is 55,8% (2010: 72,2%). In order to restructure the capital and to reduce the par value of the shares from CHF 3.50 to CHF 0.05, a reduction of the nominal value of the share capital and a share split of 1:10 will be proposed to the Shareholders Meeting of May 29, 2012. Each GDR traded at the stock exchange will then be backed by a bearer share. This represents an important simplification and the new nominal value allows opportunities for capital market transactions. Novavisions AG's focus is the creation of added value to its shareholders by consistently working on its current portfolio as well as selective investments. The current core investments are www.novastor.com, www.petshop.de and www.multicom.fi. All companies developed successfully in 2011. 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 26.04.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Novavisions AG Grundstrasse 12 CH-6343 Rotkreuz Switzerland 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 (General Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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