Brief: Safe Orthopaedics Enters Into Negotiations To Acquire LCI Medical

Safe SA

06/05/2020 17:00

May 6 (Reuters) - SAFE ORTHOPAEDICS  ALSAF.PA :
    * ENTERS INTO EXCLUSIVE NEGOTIATIONS TO ACQUIRE LCI MEDICAL
    * TO FINANCE TRANSACTION IN SHARES AND CASH
    * LCI MEDICAL SHAREHOLDERS TO RECEIVE NEW SHARES THROUGH
ACQUISITION
    * PRICE OF SHARES BASED ON SAFE ORTHOPAEDICS' VALUATION OF
EUR 6.1
MILLION
    * WILL ALSO MAKE USE OF OCABSA ISSUANCE FINANCING FACILITY
CURRENTLY AVAILABLE
    * ACQUISITION EXPECTED TO BE COMPLETED IN JULY 2020
    * LCI MEDICAL INTEGRATION TO RESULT IN GROSS MARGIN
IMPROVEMENT ON
SAFE ORTHOPAEDICS BRANDED PRODUCTS AND SIGNIFICANT REDUCTION IN
WORKING CAPITAL REQUIREMENT
    * WE BELIEVE THAT WE WILL BE ABLE TO ACHIEVE FINANCIAL
BALANCE IN
EARLY 2022 - SAFE ORTHOPAEDICS' CEO

Source text for Eikon:  ID:nGNE6lLByt 
Further company coverage:  ALSAF.PA 

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