Put companies on watchlist
EEII AG
ISIN: CH0007162958
WKN: 940179
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

EEII AG · ISIN: CH0007162958 · EQS - adhoc news (30 News)
Country: Switzerland · Primary market: Switzerland · EQS NID: 1613221
20 April 2023 06:00PM

NAV Adjustment


EEII AG / Key word(s): Miscellaneous
EEII AG: NAV Adjustment

20-Apr-2023 / 18:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.


 

Ad-Hoc announcement pursuant to Art. 53 Listing Rules:  NAV Adjustment

 

Zug, April 20 2023

 

EEII AG:  NAV Adjustment

 

The 742,800 Gazprom ADRs held by EEII prior to Russia's invasion of Ukraine were suspended from international trading in Q1 2022 and later delisted. In Q3 2022, the ADRs were exchanged for 1,485,000 PJSC Gazprom shares (ticker: GAZP). The GAZP shares are denominated in Russian rubles (RUB) and are traded exclusively on the Moscow Stock Exchange (MICEX). UBS AG, Switzerland, continues to act as custodian. The custodian bank shows the last traded RUB value of the PJSC Gazprom shares on the MICEX on the EEII custody account statement. (as of 31.12.2022: RUB 162.50).

As of the date of this announcement, even after extensive research on our part, it is unclear whether sanctions imposed by the West against Russia coupled with any counter-sanctions, decrees or regulatory decisions in Russia or the interpretation of these sanctions and legal circumstances by the banks involved will allow a delivery, sale or transfer of the shares and/or any proceeds from the sale. In view of these circumstances, the Company revalues this investment at a discount of 99% compared to the MICEX stock exchange price published by Bloomberg (RUB 182.21 as of April 19, 2023).

 

On this basis, the NAV as of April 19, 2023 amounts to CHF 0.24 per share.

 

 

Further information:

Victor L. Gnehm, Chairman (+ 41 41 729 20 34)

EEII is listed on the Swiss Exchange (SIX) (Bloomberg: EEII SW Equity).



End of Inside Information
Language: English
Company: EEII AG
Alpenstrasse 15
6304 Zug
Switzerland
Phone: +41 41 729 42 80
Fax: +41 41 729 42 29
E-mail: info@eeii.ch
Internet: www.eeii.ch
ISIN: CH0007162958
Valor: 940179
Listed: SIX Swiss Exchange
EQS News ID: 1613221

 
End of Announcement EQS News Service

1613221  20-Apr-2023 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1613221&application_name=news&site_id=boersengefluester_html
Visual performance / price development - EEII AG
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.