Mar 31, 2020, 5:30 PM
The key developments are as follows: NAV increased by 4.3 per cent during the course of 2019. A distribution of CHF 4.95 per share from the nominal value caused the net asset value per share to decrease to USD 15.29. The Company launched a series of share buyback programs during the course of 2019, buying back close to 20 per cent of its share capital. The discount to the net asset value of the CHF shares narrowed significantly to only 5.3 per cent in December 2019 compared to 20.3 per cent in December 2018. The Company’s 2020 annual general meeting is scheduled to take place on May 13, 2020.