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Lifewatch AG (LIFE.S)

LIFE.S on Swiss Exchange

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Latest Key Developments (Source: Significant Developments)

Aevis Victoria: statement on the report of board of directors of Lifewatch
Monday, 13 Mar 2017 02:05am EDT 

Aevis Victoria SA : Position statement on the report of the board of directors of Lifewatch Ltd. . Regrets that committee created for this occasion recommended to reject its friendly offer . Evaluation of Ernst & Young values exchange offer for Lifewatch shareholders between 12.40 Swiss francs and 13.60 francs ($12.31 - $13.50) per Lifewatch share . Is convinced that Lifewatch would benefit from support of a reference shareholder with a strong presence in healthcare sector .Upon successful completion of offer, Lifewatch would become an independently managed subsidiary of Aevis.  Full Article

LifeWatch recommends rejection of Aevis Victoria offer
Friday, 10 Mar 2017 11:45am EST 

LifeWatch AG : Recommends rejection of the Aevis Victoria offer and continues solicitation process . Solicitation process with other parties is on-going and company will report to shareholders as soon as situation allows . Says committee sees more value for company and company's shareholders by further pursuing company's strategy on a stand-alone basis or by combining with a suitable industrial partner . Says there is no identifiable strategic benefit for LifeWatch in a combination with Aevis Victoria sa and no clear rationale as outlined in prospectus .Says there is no identifiable revenue or cost synergies available through a combination with Aevis Victoria.  Full Article

Lifewatch says whistleblower case settled
Wednesday, 8 Mar 2017 12:56am EST 

Lifewatch AG : Whistleblower case settled .Federal claims in qui tam case brought, in part, on behalf of federal government payors, Medicare, Tricare and Veterans Administration have been dismissed with prejudice.  Full Article

Aevis Victoria publishes prospectus of takeover offer for Lifewatch
Monday, 20 Feb 2017 01:15am EST 

Aevis Victoria SA : Publishes the prospectus of its public takeover offer for Lifewatch Ltd. . Exchange offer values Lifewatch share between 12.40 Swiss francs and 13.60 francs ($12.36 - $13.55) .Offer period will start on March 7, 2017 and end on April 10, 2017 at 16h00 CEST.  Full Article

Lifewatch to solicit additional offers
Wednesday, 1 Feb 2017 11:30am EST 

Lifewatch AG : Lifewatch to solicit additional offers .Announces that following public offer made by Aevis last week, and in interest of company and all shareholders, Lifewatch has decided to solicit additional offers.  Full Article

LifeWatch: Aevis Victoria increases shareholdings in LifeWatch to 10.64%
Wednesday, 24 Aug 2016 12:00pm EDT 

LifeWatch AG :Announces that it has been informed by Aevis Victoria SA of increase of its shareholdings in LifeWatch AG from 4.69% to 10.64%.  Full Article

Lifewatch H1 loss from operations widens to $7.63 million
Thursday, 18 Aug 2016 01:00am EDT 

Lifewatch AG : Overall revenues during first six months amounted to $57 million, an increase of 8.6 percent . Incurred H1 loss from operations (EBIT) of negative $7.63 million (H1 2015: $3.81 million) . Lifewatch is revising its full year guidance . Maintains that company will have a positive FY 2016 EBITDA margin, in single digit range and FY 2016 negative EBIT and net income .Now expects that, as a result of slowing of sales growth in Q2, FY 2016 revenue growth is likely to be in single digit range.  Full Article

Lifewatch CCO Stefan Vogt resigns
Tuesday, 16 Aug 2016 01:03am EDT 

Lifewatch AG :Says on August 15, 2016, Stefan Vogt, chief commercial officer, decided to resign.  Full Article

Aevis Victoria says holds 4.6 pct stake in Lifewatch
Thursday, 21 Jul 2016 01:19am EDT 

Aevis Victoria SA :Holds a participation of 4.6 pct in Lifewatch AG.  Full Article

Lifewatch Q1 revenues up 12.3 pct at $28.4 million
Wednesday, 6 Jul 2016 01:00am EDT 

Lifewatch AG : Lower EBITDA and negative earnings expected for full year . In Q1 of 2016, revenues amounted to $28.4 million, representing an increase of 12.3 pct compared to Q1 of 2015 . Operating loss for Q1 amounted to $13.2 million as compared to a profit (EBIT) for prior year period of $2.1 million . Q1 EBITDA was a negative $11.0 million, compared to $3.7 million in Q1 2015 . Q1 net result was also negative at $10.1 million compared to a Q1 2015 net income of $0.9 million . Is still anticipating double-digit revenue growth in FY . Now expects a significantly lower positive EBITDA margin, in mid-single digit range, and a negative EBIT and net income for FY . Decided to issue 4,994,019 new registered shares with a nominal value of 1.30 Swiss francs ($1.33) each .Subscription price per new registered share amounts to 9.00 Swiss francs.  Full Article

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BRIEF-LifeWatch posts adj EBIT of $4 mln in 2016

* In 2016 revenue was $113.8 million representing an increase of 6.8 pct over prior year's adjusted revenues