14.04.2016 22:30:46
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EQS-Adhoc: LifeWatch AG: LifeWatch accepts offer from back-stop investor for ordinary capital increase
EQS Group-Ad-hoc: LifeWatch AG / Key word(s): AGM/EGM LifeWatch AG: LifeWatch accepts offer from back-stop investor for ordinary capital increase
2016-04-14 / 22:00 Release of an ad hoc announcement pursuant to Art. 53 KR. The issuer is solely responsible for the content of this announcement.
LifeWatch accepts offer from back-stop investor for ordinary capital increase
Zug/Switzerland, April 14, 2016 - LifeWatch AG (SIX Swiss Exchange: LIFE), a leading developer and provider of medical solutions and remote diagnostic monitoring services to the digital health market announces that a back-stop investor, Aevis Victoria SA, has provided a guarantee to purchase any shares remaining unsubscribed in the ordinary capital increase being proposed to the shareholders at the Annual General Meeting of April 15, 2016. The proposed ordinary capital increase will involve subscription rights being granted to all shareholders.
The offer also includes changes to the proposed candidates under the agenda item "Elections" at the Annual General Meeting including the expansion of the Board of Directors to six members. These changes are detailed below: The previously proposed candidates, Dr. Didier Hoch and John Doulis, have withdrawn their candidature and the Board of Directors now recommends Antoine Kohler, Antoine Hubert and Robert Bider as Board Candidates, in addition to the previously proposed Patrick Schildknecht, Thomas Ruehle and Raymond W. Cohen. The Board of Directors also proposes that Robert Bider be elected as Chairman of the Board. Furthermore, in addition to Thomas Ruehle, the Board of Directors recommends Antoine Hubert and Raymond W. Cohen as members of the Compensation Committee replacing John Doulis and Dr. Didier Hoch.
For further questions:
LifeWatch AG c/o Dynamics Group, Philippe Blangey / Doris Rudischhauser Phone: +41 43 268 32 35 / +41 79 410 81 88 E-mail: investor-relations@lifewatch.com
About LifeWatch AG
LifeWatch AG, headquartered in Zug and listed on SIX Swiss Exchange (LIFE), Switzerland, is a leading healthcare technology and solutions' company, specializing in advanced digital health systems and wireless remote diagnostic patient monitoring services. LifeWatch's services provide physicians with critical information to determine appropriate treatment and thereby improve patient outcomes. LifeWatch AG has operative subsidiaries in the United States, in Switzerland and in Israel, and is the parent company of LifeWatch Services Inc., and LifeWatch Technologies, Ltd. LifeWatch Services, Inc. is a leading U.S.-based provider of cardiac monitoring services and home sleep testing of Obstructive Sleep Apnea (OSA). LifeWatch Technologies Ltd., based in Israel, is a leading developer and manufacturer of telemedicine products. For additional information, please visit www.lifewatch.com.
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This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding future results of operations and financial position, the business strategy, and plans and objectives for future operations, are forward-looking statements. The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect" and similar expressions are intended to identify forward-looking statements. LifeWatch AG has based these forward-looking statements largely on current expectations and projections about future events and financial trends that it believes may affect the financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks, uncertainties and assumptions. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances described may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. All forward-looking statements are based only on data available to LifeWatch AG at the time of the issue of this press release. LifeWatch AG does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.
THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO UNITED STATES PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OF SECURITIES OF LIFEWATCH AG OR ANY OF ITS SUBSIDIARIES FOR SALE IN THE UNITED STATES, OR AN INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES OF LIFEWATCH AG OR ITS SUBSIDIARIES IN THE UNITED STATES. IN ADDITION, THE SECURITIES OF LIFEWATCH AG AND ITS SUBSIDIARIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT FROM REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS. ANY PUBLIC OFFERING OF SECURITIES TO BE MADE IN THE UNITED STATES WILL BE MADE BY MEANS OF A PROSPECTUS THAT MAY BE OBTAINED FROM LIFEWATCH AG OR ITS SUBSIDIARIES, AS APPLICABLE, AND WILL CONTAIN DETAILED INFORMATION ABOUT THE ISSUER AND ITS MANAGEMENT AS WELL AS FINANCIAL STATEMENTS OF THE ISSUER.
End of ad hoc announcement
+++++ Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=FVCEHTGADE Document title: LifeWatch accepts offer from back-stop investor for ordinary capital increase
2016-04-14 News transmitted by EQS Schweiz AG. www.eqs.com - news archive: http://switzerland.eqs.com/de/News
The issuer is responsible for the contents of the release. Language: English Company: LifeWatch AG Baarerstrasse 139 6300 Zug Switzerland Phone: +41 41 728 67 78 Internet: www.lifewatch.com ISIN: CH0012815459 Valor: 811189 Listed: Regulated Unofficial Market in Berlin, Stuttgart; Open Market in Frankfurt ; SIX
End of News EQS Group News Service 454559 2016-04-14
(END) Dow Jones Newswires
April 14, 2016 16:00 ET (20:00 GMT)- - 04 00 PM EDT 04-14-16
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