Ad-hoc | 20 January 2011 07:00
Genolier Swiss Medical Network (GSMN) / Key word(s): Offer/Offer 20.01.2011 07:00 Release of an ad hoc announcement pursuant to Art. 72 KR --------------------------------------------------------------------------- The Board of Directors has been informed about the intention of its Managing Director, Mr. Antoine Hubert, to launch a public offer to the shareholders of the company at a price of CHF 19 per share together with another investor. Mr. Hubert has outlined to the Board of Directors that the objective of the transaction is to provide an exit possibility to shareholders who do not wish to follow the Genolier Group in its current development and acquisition policy anymore. It is not a goal of the transaction to delist GSMN or to modify the operational structure of the Genolier Group. It is foreseen that the offer will be presented by M.R.S.I. Medical Research, Services & Investments S.A. (MRSI), a company based in the Canton Valais. At its meeting on 18 January 2011, the Board of Directors has decided to provide the necessary information to MRSI in order to prepare documents required by Swiss regulation regarding public takeovers. Antoine Hubert has not participated in the deliberations and decision-making process of the Board of Directors regarding this issue and he will not do so in the future. The Board of Directors will prepare and submit a report on the transaction within the timelines given by Swiss regulation regarding public takeovers. Genolier Swiss Medical Network SA (GSMN) is a major network of private clinics in Switzerland. Its growth strategy focuses on the creation of a national network through the acquisition of clinics and the restructuring of their operations. GSMN's main aim is to offer first class hospital care to Swiss and foreign patients. The distinctive features of GSMN include its high quality services, its brand value, a pleasant working environment and an experienced management team with an entrepreneurial approach. GSMN currently operates six private establishments in Switzerland (Clinique de Genolier, Clinique Bethanien, Clinique Générale, Clinique de Montchoisi, Clinique Valmont and Centre médico-chirurgical des Eaux-Vives) with around 550 practising physicians and a workforce of 820. The Group is listed on the Domestic Standard of the SIX Swiss Exchange (GSMN:SW). Séverine Van der Schueren Secretary-General Phone 022 366 99 87 svanderschueren@gsmn.ch 20.01.2011 News transmitted by EquityStory AG. The issuer is responsible for the contents of the release. EquityStory publishes regulatory releases, media releases on the capital market and press releases. The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies. The Swiss news archive can be found at www.equitystory.ch/news ---------------------------------------------------------------------------