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    PRFN   CH0009115129

PERFECT HOLDING SA

(PRFN)
Delayed Swiss Exchange  -  05/20 11:30:38 am EDT
0.0724 CHF   -3.47%
04/30PERFECT : Financial Document
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04/26PERFECT : Financial Document
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04/20PERFECT : Financial Document
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Kinarus AG entered into a non-binding Memorandum of Understanding to acquire Perfect Holding SA, in a reverse merger transaction.

08/17/2021 EDT

Kinarus AG entered into a non-binding Memorandum of Understanding to acquire Perfect Holding SA (SWX:PRFN), in a reverse merger transaction on August 16, 2021. Kinarus AG signed a transaction agreement to acquire Perfect Holding SA in a reverse merger transaction on March 30, 2022. Pursuant to transaction, new shares in Perfect Holding shall be issued in exchange for each share in Kinarus on the basis of an exchange ratio of approx. 5.7 to 1. As a result, 153 new shares in Perfect Holding will be issued in exchange for each existing share in Kinarus. The transaction contemplated by the MoU is an issuance of new shares by Perfect Holding to the shareholders of Kinarus in exchange for the contribution in kind by such shareholders to Perfect Holding of all or a qualified majority of the shares in Kinarus. This transaction would enable the Perfect Holding Group to enter the pharmaceutical sector. The implementation of the transaction is subject to conditions, including finalization of the ongoing valuation and contract negotiations, satisfactory completion of other pre-transaction legal, administrative and regulatory steps, successful completion of a pre-RTO funding round at Kinarus to ensure the funding of its development projects, approval by SIX Swiss Exchange of the listing of the new shares to be issued to the shareholders of Kinarus and approval of the envisaged transaction by shareholders of both companies. The Board of directors of Kinarus and of Perfect Holding plan to present this very interesting project for approval to its respective shareholders in the coming months. As on April 20, 2022, Kinarus AG announced that one important condition of the approval of the reverse takeover transaction by its shareholders has been fulfilled, with acceptance declarations received representing more than the required qualified majority of at least 66% of the shareholding of Kinarus. Hoffmann & Co AG acted as legal advisor to Kinarus. Schellenberg Wittmer acted as legal advisor to Kinarus in this transaction. The team consists of Oliver Triebold, Marcel Jakob, Irisi Arifi (all Corporate/M&A), Michael Nordin, (all Tax), Olivier Favre, Daniel Reinger (all Banking & Finance), Lorenza Ferrari Hofer,(IP/Life Sciences).


© S&P Capital IQ 2021
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Financials
Sales
Net income
Net Debt
P/E ratio
Yield
Capitalization 11,9 M 12,2 M 12,2 M
EV / Sales -1
EV / Sales 0
Nbr of Employees -
Free-Float 45,5%
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Managers and Directors
Anouck Ansermoz Chairman & Chief Financial Officer
Stephen Grey Non-Executive Director
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