Key Developments: Amplifon SpA (AMPF.MI)

AMPF.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Audika Groupe sells Italian centres network to Amplifon
Tuesday, 29 Apr 2014 01:45am EDT 

Audika Groupe SA:Signs firm agreement to sell its Italian network of 55 specialized hearing aid centres to Italian group Amplifon SpA.Transaction effective as of April 1.Transaction total value about 7.1 mln euros.  Full Article

Amplifon SpA increases stake to 63 pct in Amplifon Poland
Thursday, 17 Apr 2014 05:26am EDT 

Amplifon SpA:Announces that in the first quarter its interest in Amplifon Poland Sp.z o.o. was increased to 58 pct from 49 pct and an additional capital increase was subscribed as a result of which Amplifon will hold a 63 pct stake.The purpose of the transaction is to further develop the business in Poland, where it operates through a network of 14 stores and shop in shops, with a medium term target of 50 points of sale.  Full Article

Amplifon SpA approves FY 2013 dividend; renews share buy-back
Wednesday, 16 Apr 2014 06:10am EDT 

Amplifon SpA:Approves the FY 2013 dividend at 0.043 euros per share.Ex-dividend on May 12 and payment on May 15.Authorizes the renewal of the share buy-back plan, for a period of 18 months, up to a total number of shares, together with the treasury shares already held, amounting to 10 pct of the share capital.To date it owns a total of 6,900,000 treasury shares or 3.08 pct of the share capital.  Full Article

Amplifon SpA announces entry in Israeli market through acquisition of 60 pct in Medtechnica Orthophone Ltd
Wednesday, 9 Apr 2014 02:53pm EDT 

Amplifon SpA:Signs an agreement for the acquisition of 60 pct of Medtechnica Orthophone Ltd, the Israeli provider of hearing aids and related services.Says, with a market share of around 30 pct, Medtechnica Orthophone operates through a network of 70 direct and indirect points of sale.Says the acquisition, in line with the Group’s internationalization strategy, makes it possible for Amplifon to enter a new market with growth potential.Says the transaction is worth about 12 million euros including the amount related to the call option on the remaining 40 pct and the impact of the consolidation of the acquired company’s debt.The transaction is expected to be finalized in the second quarter of 2014.  Full Article

Amplifon SpA proposes dividend for fiscal year 2013
Wednesday, 5 Mar 2014 06:04am EST 

Amplifon SpA:Proposes distribution of a dividend for fiscal year 2013 of 0.043 euros per share, in line with the previous year, to be paid as from May 15.  Full Article

Amplifon SpA Completes Placement of EUR 275 Million Unrated Senior Bond Issue on Eurobond Market
Tuesday, 9 Jul 2013 11:40am EDT 

Amplifon SpA announced that it has successfully completed the placement of a EUR 275 million unrated senior bond issue on the Eurobond market. The EUR 275 million bond issue has a tenor of five years, a fixed rate coupon of 4.875% to be paid annually and an issue price of 99.459% which corresponds to a gross bond yield of 5.0%. The bond issue was very well received by institutional investors both in Italy and abroad and the initial offering (amounting to EUR 250 million) was more than 3.5 times oversubscribed with subscriptions totaling ca EUR 900 million. Proceeds from the issue will be mainly used to prepay part of the existing indebtedness of the Group.  Full Article

Amplifon SpA's CEO Given Power to Proceed with Issue of Senior Unsecured Non Convertible Bond Loan
Friday, 5 Jul 2013 03:14pm EDT 

Amplifon SpA announced that the Board of Directors has given the CEO the power to proceed with the issue of a senior unsecured non convertible bond loan of a maximum of EUR 300 million, in case market conditions are favorable. The CEO would also be responsible for determining time, amount of the offer, and its terms and conditions. The securities would be listed on the Luxembourg Stock Exchange's Euro MTF Market or on other trading venue and they will be reserved exclusively for qualified investors outside the United States.  Full Article

Amplifon SpA Acquires Kind Chain In Hungary
Thursday, 4 Jul 2013 01:57am EDT 

Amplifon SpA announced that it has finalized the acquisition of the retail chain Kind Hall scentrum Kft previously owned by the German group Kind, a company active in the commercialization of hearing solutions.  Full Article

Amplifon SpA to Propose FY 2012 Dividend Distribution
Wednesday, 6 Mar 2013 05:29am EST 

Amplifon SpA announced that the Board of Directors will propose to the Shareholders' Meeting, to be held on April 17, 2013, the distribution of a dividend for fiscal year 2012 of EUR 0.043 per share. The dividend proposed for fiscal year 2012 has an increase of 16.2% compared to the dividend distributed for fiscal year 2011. The ex-dividend date will be May 13, 2013 and payment date on May 16, 2013.  Full Article

Amplifon SpA Enters Poland by Establishing Amplifon Poland with Two Polish Partners
Wednesday, 19 Sep 2012 02:19am EDT 

Amplifon SpA announced that it has entered the Polish market by establishing a new company, Amplifon Poland, which is owned by 49% by Amplifon and for the remaining 51% by two local partners Radoslaw Kovalski and Krzysztof Borsuk.  Full Article

Amplifon H1 core earnings rise 4.3 pct boosted by Europe, Asia

MILAN, July 23 - Italian hearing aid group Amplifon said on Wednesday its core earnings in the first-half rose 4.3 percent thanks to a good performance of sales in Europe and Asia.

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