New Venturetec AG in Liq. announces the payment of the par value reduction of CHF 5.98 per share as per September 27, 2019
Zug, September 23, 2019: After expiry of the statutory waiting period, the capital reduction of New Venturetec AG in Liq. (SIX: NEV; ISIN CH0007036830) through a par value reduction of CHF 5.98 per share, which was approved by the Shareholders on the Extraordinary Shareholders’ Meeting on July 10, 2019, was duly registered with the Commercial Register.
The share capital will thus be reduced through a par value reduction of all bearer shares from CHF 6.00 by CHF 5.98 to CHF 0.02 per share, respectively from Total CHF 37’894’716.00 by CHF 37’768’400.28 to CHF 126’315.72. After the reduction, the share capital will consist of an unchanged 6’315’786 shares with a new par value of CHF 0.02 each.
The payment of CHF 5.98 per share will be made on September 27, 2019 (pay date). There is no action required from shareholders, the custodian bank makes the payment automatically.
The repayment of par value is not subject to Swiss withholding tax and is usually tax-free for individuals domiciled in Switzerland, provided the shares are held as private assets.
As of September 25, 2019, the bearer shares of New Venturetec AG in Liq. will be traded on the SIX Swiss Exchange with a new par value of CHF 0.02 each (ex-date).
About New Venturetec
New Venturetec is a publicly traded Swiss investment company (SIX: NEV), which was put into liquidation as of July 10, 2019.