DGAP-News: M1 Kliniken AG / Key word(s): Investment/Disposal
M1 Kliniken AG disposes subsidiary 'M1 Aesthetics GmbH' to HAEMATO AG -
Transfer of the holding of the company within the scope of a capital
increase in kind of HAEMATO AG AG:
2020-12-15 / 15:10
The issuer is solely responsible for the content of this announcement.
*M1 Kliniken AG disposes subsidiary "M1 Aesthetics GmbH" to HAEMATO AG -
Transfer of the holding of the company within the scope of a capital
increase in kind of HAEMATO AG*
Berlin, 15.12.2020 - M1 Kliniken AG and HAEMATO AG today signed a contract
for the acquisition of all shares in M1 Aesthetics GmbH by HAEMATO AG. M1
Kliniken AG will contribute M1 Aesthetics GmbH to HAEMATO AG within the
scope of a capital increase through contribution in kind. For this purpose,
the Management Board of HAEMATO AG decided today with the approval of the
Supervisory Board to increase the company's share capital by EUR 2,467,201
to EUR 4,753,916 by issuing 2,467,201 new shares of HAEMATO AG through a
capital increase against contribution in kind under exclusion of the
subscription right of the shareholders by using the existing authorised
capital. The new shares will be subscribed and taken over exclusively by M1
Kliniken AG. The transaction will be implemented with effect from 1.01.2021.
After completion of the transaction, M1 Kliniken AG will hold a total of
75.8% of the share capital of HAEMATO AG.
With this transaction, M1 Kliniken AG is pursuing its strategy to focus the
company on the beauty treatment business, which began in mid-2020, while the
trading and product business will be bundled in the subsidiary HAEMATO AG.
In addition the combination of the product and trading activities of M1
Aesthetics under the umbrella of HAEMATO AG, it is the long-term strategy of
the M1 Kliniken Group to increase the vertical integration of its own
activities. To this end, it is intended to establish a selection of
high-quality treatment products (hyaluronic acid and botulinum toxin) as a
"M1 private label" in the medium term and thereby strengthen the earning
power, especially in the entry-level price segment.
Dr. Walter von Horstig, Member of the Board of Directors of M1 Kliniken AG,
comments on the transaction as follows: "The implementation of our strategy
"Quality does not have to be expensive" repeatedly calls for the development
of value creation potential. Our long-term private label strategy will be an
important element in this respect in the future. Favourable prices mean a
larger market with simultaneously rising margins from the various stages of
the value chain. HAEMATO AG's established development platform is an ideal
starting point for this and will help us to implement the strategy quickly
and securely".
M1 Aesthetics GmbH was valued on the basis of an IDW-S1 expert opinion with
an enterprise value of a good &euro 58 million. The new HAEMATO shares were
issued at a reference price of &euro23.55 per share, which corresponds to
the volume-weighted average price of HAEMATO AG in the Xetra trading system
in the period from 27.11.2020 to 9.12.2020.
In 2019 M1 Aesthetics GmbH reported sales of about 51 million Euro and an
EBIT of almost 7 million Euro. For 2020, M1 Aesthetics GmbH is expecting
sales of a good EUR 30 million and an EBIT of approximately EUR 4 million -
also due to corona effects, among other things. A further increase in
earnings is expected in the coming years.
*About M1 Kliniken AG*
M1 Kliniken AG is the leading provider of beauty medical health services in
Germany. In the aesthetic and surgical field, the group offers products and
services of the highest quality standards. Under the brand "M1 Med Beauty",
beauty medical treatments are currently offered at more than 35 specialist
centres. With six operating theatres and 35 beds, the M1 Schlossklinik für
plastische und ästhetische Chirurgie in Berlin is one of the largest and
most modern facilities of its kind in Europe. Since the end of 2018, M1 has
been driving forward its internationalisation and is currently also active
in Austria, Switzerland, the Netherlands, England and Australia.
Contact:
M1 Kliniken AG
Dr. Walter von Horstig, Management Board
Grünauer Straße 5
12557 Berlin
T: +49 (0)30 347 47 44 14
M: ir@m1-kliniken.de
2020-12-15 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: M1 Kliniken AG
Grünauer Straße 5
12557 Berlin
Germany
Phone: +49 (0)30 347 47 44 14
Fax: +49 (0)30 347 47 44 17
E-mail: ir@m1-kliniken.de
Internet: https://www.m1-kliniken.de
ISIN: DE000A0STSQ8
WKN: A0STSQ
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt
(Basic Board), Hamburg, Hanover, Munich, Stuttgart, Tradegate
Exchange
EQS News ID: 1155182
End of News DGAP News Service
1155182 2020-12-15
(END) Dow Jones Newswires
December 15, 2020 09:10 ET (14:10 GMT)