Transaction in Own Shares • Apr 26, 2016
Transaction in Own Shares
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| Informazione Regolamentata n. 0481-32-2016 |
Data/Ora Ricezione 26 Aprile 2016 19:14:02 |
MTA - Star | |
|---|---|---|---|
| Societa' | : | El.En. | |
| Identificativo Informazione Regolamentata |
: | 73101 | |
| Nome utilizzatore | : | ELENN01 - Romagnoli | |
| Tipologia | : | IRAG 06; IROS 01; AVVI 16 | |
| Data/Ora Ricezione | : | 26 Aprile 2016 19:14:02 | |
| Data/Ora Inizio Diffusione presunta |
: | 26 Aprile 2016 19:29:03 | |
| Oggetto | : | El.En. S.p.A. has sold one million Cynosure Inc. shares for 45 million of Us dollars |
|
| Testo del comunicato |
Vedi allegato.
IROS01 AVVI16 IRAG06
Press release
Florence, April 26th, 2016 – El.En. S.p.A., leader on the laser market, listed on the Star segment of the Italian Stock Exchange, reported that it has sold on the market 998.628 shares of Cynosure Inc. (Nasdaq CYNO), at the net price of \$ 45,10 US Dollars per share for a total amount of 45 million of dollars. Following the sale El.En. does not own any more Cynosure shares.
The consolidated gross gain on the sale, at a 1,13 US Dollar/ Euro exchange rate, was 23 million of euro.
The sale is not affecting by any means the fruitful business relations currently in place between the two companies, that include the distribution agreement for the Mona Lisa touch laser system for the treatment of vaginal atrophy.
The sale of shares does not imply any change in the revenues and profitability guidance released by the Group for 2016.
El.En., an Italian company, is the parent of a high-.tech industrial group operating in the optoelectronics sector. Based on proprietary technology and multidisciplinary know-how, the El.En Group manufactures laser sources (gas, semiconductor, solid-state and liquid) and innovative laser systems for medical and industrial applications. The El.En. Group is the laser market leader in Italy and among the top operators in Europe. It designs, manufactures and sells worldwide:
decorating leather and textiles and restoring/conserving artwork; - Laser systems for scientific research
EL.EN has been listed on the Star (MTA) of Borsa Italiana. Its market floatation is approximately 44% and its market capitalization amounts to Euro 198 million.
Cod. ISIN: IT0001481867 Code: ELN Listed on MTA Mkt capt.: 198 mln/Euro Cod. Reuters: ELN.MI Cod. Bloomberg: ELN IM
For further information:
El.En. SpA Polytems HIR Polytems HIR Enrico ROMAGNOLI Silvia Marongiu Bianca FERSINI MASTELLONI Investor Relations Manager Press Office Financial Communication [email protected] [email protected] [email protected]
Tel. +39-055-8826807 Tel.+39/066797849–0669923324 Tel.+39/066797849–0669923324
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