Chrysalis Investments Limited has released a portfolio update regarding its investment in wefox, following a news article published by Sky News. The Investment Adviser has been in discussions with wefox management and other shareholders to simplify wefox's business model and drive the company towards profitability. The Company has contributed €3 million to support this strategy, and wefox has raised approximately €20 million from shareholders. The Investment Adviser is confident of continued shareholder support for the company, if required.
As of 31 March 2024, the Company's valuation of its investment in wefox represented 14.4% of the Company's net asset value, down from 22.1% at 31 December 2023. The Company's website will have a copy of this announcement, and it's important to note that the information provided regarding the Company's investments has not been independently verified and is unaudited.
This announcement serves as information only and is not an offer to invest. All investments are subject to risk, and prospective investors are advised to seek expert advice before making any investment decision. The value of investments may fluctuate, and past performance is not indicative of future returns. The content of the Company's website and any hyperlinked websites are not part of this announcement and should not be relied upon in making investment decisions.
For further information, the Company has provided contact details for media inquiries and other relevant parties.