DGAP-News: aap Implantate AG
/ Key word(s): Capital Increase/Financing
With the turnaround following the successful restructuring of the last two years and the significant sales growth in the first half of 2021, aap Implantate AG ("aap" or the "Company") has laid the foundation for the capital increase starting today. The successes of the extensive restructuring are particularly reflected in a significant improvement in earnings (EBITDA Q2/2021 and H1/2021 both +>100% year-on-year) and a strongly improved operating cash flow (H1/2021: +>100% vs. H1/2020). In this context, aap was able to achieve positive EBITDA in both reporting periods for the first time since focusing on Trauma in 2016. In addition, the Company is clearly on a growth path and was able to record high double-digit sales increases in the first half of the year (Q2/2021: +74% year-on-year, H1/2021: +37% year-on-year).
Following the successful restructuring, the Company now urgently needs fresh funds to finance the planned sales growth and to initiate the human clinical study for its innovative antibacterial silver coating technology. Particularly in the U.S., a key focus market for aap, the Company is reaching its limits after the significant sales increases of recent quarters and urgently needs to invest in the sales structure and equipment there in order to be able to press ahead with the expansion with LOQTEQ(R).
With the current capital increase, aap now offers its shareholders and new investors the opportunity to participate in the future value development of an innovative and dynamically growing scale-up company (sales forecast FY/2021: +29% to 51% vs. FY/2020). In addition, the two disruptive and highly innovative future technologies - antibacterial silver coating and resorbable magnesium implants - offer further significant value potential, as they can change the medical technology industry sustainably and enable the Company to achieve unique selling points in the market. Particularly the antibacterial silver coating technology, which in times of increasing antibiotic resistance and multi-resistant germs represents an alternative solution in the fight against bacterial infections that is not based on antibiotics, offers enormous market potential. The very good results achieved in the first three human applications in particularly severe infections and complex bone fracture healing disorders with the Company's silver-coated implants are a positive indication for the planned human clinical study that aap aims to launch in Germany in the fourth quarter of 2021.
The proceeds from the capital increase are to be used specifically to finance the planned sales growth with a focus on the USA (especially investments in sets) and to initiate the study for the silver coating technology.
The subject of the offer is up to 1,500,000 new shares, which will initially be offered to the Company's shareholders for subscription. Shareholders can acquire one new share for every 2.3189 held aap shares during a subscription period, which begins today, 4 October 2021 (0:00 CEST), and is expected to end on 18 October 2021 (24:00 CEST). The subscription price is EUR 3.30 and thus offers an attractive discount of around 24% on the volume-weighted average stock market price of the last month. Following the subscription period, new investors will have the opportunity to acquire unsubscribed new shares in a private placement. At the present time, aap has received legally binding commitments from shareholders and new investors to subscribe to new shares with a total volume of around EUR 2.7 million, which corresponds to around 54% of the capital increase. The Company considers this as a clear vote of confidence and sees itself strengthened in its chosen path of restructuring and repositioning.
The capital increase with subscription rights is accompanied by BankM AG. For further details regarding the transaction please refer to the subscription offer, which is available on aap's website (https://www.aap.de/) in the section "Investors / Capital Increase" as well as in the Federal Gazette under https://www.bundesanzeiger.de/.
aap Implantate AG; Fabian Franke; Head of Investor Relations; Lorenzweg 5; 12099 Berlin, Germany; Phone: +49 (0)30 75019 - 134; Fax: +49 (0)30 75019 - 290; Email: email@example.com
04.10.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||aap Implantate AG|
|Phone:||+49 (0) 30 75 01 90|
|Fax:||+49 (0) 30 75 01 91 11|
|Listed:||Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1237647|
|End of News||DGAP News Service|