EANS-Adhoc: shaPE Capital AG
Year-end results 2009
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
annual report
20.04.2010
shaPE Capital AG ("shaPE") reports a total net asset value of CHF
143.3 million at year end 2009. On a per share basis the net asset
value decreased by 11.1% over the year.The turbulences on the global financial markets led to significant devaluations on private equity investments until mid-year 2009. In the second half of 2009, valuations started to improve again backed by a stabilization in EBITDA´s and higher market comparables. The overall NAV decrease of shaPE relates to unrealized devaluations in the underlying portfolio as well as to a realized write-down related to the secondary sale that was conducted in the first half of 2009 in order to de-risk the portfolio, i.e. to generate cash and to reduce unfunded commitments.
In September 2009 shaPE announced the implementation of a realization strategy. With the March 2010 announcement of a further sale of three mainly unfunded commitments and a new CHF 12 million credit line, the board is convinced that shaPE is now in a stable position for an optimal execution of the realization strategy.
The full annual report 2009 is available on www.shape-capital.com.
end of ad-hoc-announcement ========================================== ====================================== shaPE is a SIX Swiss Exchange-listed investment company with exposure to a global private equity portfolio built over the past years. In 2009 shaPE decided to initiate a realization strategy with the ultimate goal to return the intrinsic value of the current portfolio to its shareholders. Under this realization strategy shaPE does not make any new commitments to private equity funds, but focuses on harvesting the current portfolio over the coming years. shaPE is listed on the SIX Swiss Exchange under the ticker symbol SHPN.
end of announcement euro adhoc
Further inquiry note:
Dr. Simon Lamprecht
shaPE Capital AG
Wolleraustrasse 41a
8807 Freienbach
Phone: +41 58 596 12 96
Fax: +41 58 596 12 97
E-mail: info@shape-capital.com
Internet: www.shape-capital.com
Branche: Financial & Business Services
ISIN: CH0012885841
WKN: 765355
Börsen: SIX Swiss Exchange / official dealing