Brief: Amplitude Surgical: PAI Partners Acquires Co's Majority Stake, Changes In Governance

Amplitude Surgical SA

11/11/2020 06:44

Nov 11 (Reuters) - AMPLITUDE SURGICAL SA  AMPLI.PA :
    * ANNOUNCED ON TUESDAY ACQUISITION OF MAJORITY STAKE IN
AMPLITUDE
SURGICAL BY PAI PARTNERS AND CHANGES IN GOVERNANCE
    * COMPLETION OF DISPOSAL IN CASH OF 20,889,437 AMPLITUDE
SURGICAL
SHARES
    * CONTRIBUTION IN KIND OF 4,121,120 AMPLITUDE SURGICAL
SHARES TO
AURORALUX, COMPANY CONTROLLED BY PAI PARTNERS
    * TOTAL CONTRIBUTION OF 25,010,557 AMPLITUDE SURGICAL SHARES
REPRESENTING ABOUT 52.3% OF CO'S SHARE CAPITAL, AT PRICE OF EUR
2.15 PER SHARE
    * AS REMINDER, AURORALUX WILL FILE MANDATORY SIMPLIFIED
PUBLIC
TENDER OFFER FOR ALL OUTSTANDING AMPLITUDE SURGICAL SHARES, FREE
SHARES TO BE POTENTIALLY ISSUED AT SAME PRICE OF EUR 2.15 PER
SHARE
    * AURORALUX INTENDS TO IMPLEMENT MANDATORY SQUEEZE-OUT
FOLLOWING
THIS PUBLIC OFFER SHOULD CO'S MINORITY SHAREHOLDERS WHO DO NOT
TENDER THEIR SHARES TO OFFER NOT REPRESENT MORE THAN 10% OF
AMPLITUDE SURGICAL'S SHARES AND VOTING RIGHTS
    * COMPOSITION AND CHAIRMANSHIP OF CO'S BOARD OF DIRECTORS
HAVE
BEEN MODIFIED
    * STEFANO DRAGO BECOMES NEW BOARD MEMBER AND CHAIRMAN OF THE
BOARD
OF DIRECTORS
    * OLIVIER JALLABERT BECOMES BOARD MEMBER AND CEO OF THE
COMPANY

Source text for Eikon:  ID:nBwbTBsb1a 
Further company coverage:  AMPLI.PA 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))