euro adhoc: W.O.M. World of Medicine AG
Restructuring &
Recapitalisations
WORLD OF MEDICINE sells its subsidiary IBL
Industrial Broad Spectrum Laser AG
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
12.04.2005
Medical device manufacturer WORLD OF MEDICINE today signed a contract for the sale of its industrial laser division. In the course of a Management buy-out arrangement WORLD OF MEDICINE, retroactive to January 1, 2005, sold its 100% shareholdings in IB Laser AG and put an end to its commitment to the industrial laser division. In addition to the sales proceeds, WORLD OF MEDICINE will participate from a long-term profit share in the form of a participation certificate. There will be no liability for future losses.
Therewith, WORLD OF MEDICINE has completed strategic restructuring and will now focus on the core business Minimally Invasive Surgery. The competence for medical laser technologies and applications will continue to be covered by CLYXON Laser GmbH.
The Management Board
end of announcement euro adhoc 12.04.2005 17:34:07
Further inquiry note:
Stefanie Gehrke
Tel.: +49 (0)30 39981 566; +49 (0) 172 402 67 40
E-Mail: stefanie.gehrke@womcorp.com
Branche: Pharmaceuticals
ISIN: DE0006637390
WKN: 663739
Index: Prime Standard, CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade
Bremer Wertpapierbörse (BWB) / free trade