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Median Technologies — Share Issue/Capital Change 2015
Jul 15, 2015
1514_iss_2015-07-15_5be3e79c-7520-4a3a-a3b4-7f9c13a8f0cf.pdf
Share Issue/Capital Change
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Press release
MEDIAN Technologies confirms the realization of a private placement of €19.8 Million at a €12 share price
Sophia Antipolis, France – July 15 th , 2015 – MEDIAN Technologies (ALMDT.PA), a leading medical imaging solution provider, announced in a press release dated July 3rd, 2015, that it has obtained commitments from seven foreign institutional investors led by Abingworth, to subscribe to a new financing. Four of the participants in the transaction were existing shareholders in the Company. The financing amounted to €19.8 million in a private placement with institutional investors from the sale of 1,650,000 new shares of its common stock at a price of €12.00 per share, with a share premium of €11.95.
After completion of this transaction, the share capital of MEDIAN Technologies will be composed of 9,911,092 shares representing 9,906,671 voting rights.
Today, MEDIAN Technologies announces the final realization of this share capital increase of €19.8 million.
It is recalled that the newly issued shares will be added to the 8,256,671 MEDIAN Technologies' currently outstanding shares, and will represent 19.97% of the share capital of MEDIAN Technologies, reflecting a dilution of 16.65% for the existing shareholders.
The shares will be listed on the Alternext Market of Euronext Paris on the same listing line of the existing shares under ISIN Code: FR0011049824. Payment and delivery of the shares will be made on July 17th , 2015.
Trading of MEDIAN Technologies shares which were suspended on July 3rd, 2015 for the purpose of this share capital increase, will resume tomorrow, on July 16th , 2015.
Cowen and Company served as placement agent to the Company.
The original version of this press release is the French version. This version is a translation and should in no way be considered official. The original French version shall prevail over this translation in English. The translation must always be construed according to the original version in French.
About MEDIAN Technologies: MEDIAN Technologies develops medical imaging software and services dedicated to oncology clinical trials, cancer screening, and clinical practice. MEDIAN Technologies standardizes and automates the interpretation of medical images in oncology to optimize the diagnosis of cancer patients and the assessment of their response to therapy. MEDIAN serves two primary markets: drug development and patient care.
MEDIAN has a strategic partnership with the world's largest CRO (Contract Research Organization) to offer
Not for publication or distribution in the United States, Canada, Australia or Japan
integrated imaging services for clinical trials to biopharma sponsors worldwide, and a strategic partnership with Canon to develop new imaging technologies, and to address the patient care market.
Founded in 2002, MEDIAN Technologies is based in Sophia-Antipolis, France, and has a US subsidiary in Boston. MEDIAN has a global reach and actively works with clinical sites located in Asia, Europe, North and South America, and Australia.
MEDIAN has received the label "Innovative company" by the BPI and is listed on Euronext Paris' Alternext market (ISIN: FR0011049824, ticker: ALMDT). The company is eligible for the PEA PME SME equity savings plan setup. For more information on MEDIAN, please visit: www.mediantechnologies.com
Disclaimer
This press release is for information purposes only. According to article 211-3 of the AMF's General Regulation, this capital increase through a private placement has not given and will not give rise to a prospectus approved by the AMF.
This press release does not constitute and may not be considered as a public offer, a subscription offer or a solicitation of public interest for a public offering of financial securities nor does it constitute an offer to sell or the solicitation of a subscription for, or any offer to buy, any securities in France, the United States or any other jurisdiction. The distribution of this press release in certain countries may constitute a breach of applicable laws and MEDIAN Technologies has not authorized the distribution of this press release in any such country. The securities may not be offered or sold in the United States absent registration of such offer and sale under the U.S. securities act of 1933, as amended or an exemption from such registration
"We are committed to the improvement of cancer patient outcomes through innovation in medical imaging and quality execution for better screening, diagnosis, and monitoring of patients."
Contacts
MEDIAN Technologies Fredrik Brag, CEO +33 4 92 90 65 82 [email protected] Press ALIZE RP Caroline Carmagnol + 33 1 44 54 36 66 [email protected] Investors ACTIFIN Ghislaine Gasparetto + 33 1 56 88 11 11 [email protected]