MEMSCAP finalises the acquistion of Laboratoires La Licorne
This acquisition that strengthens MEMSCAP skin technology cluster organised around its subsidiary IntuiSkin, will give the Group a complete range offering for all skin and beauty professionals, by offering each of them as well as their patient/clients, products and technological developments specially tailored to answer their specific needs MEMSCAP board of directors has unanimously approved the acquisition treaty as well as the valuation, as controlled by the independent appraiser (commissaire aux apports).
Acting upon delegation given to it by the 14th resolution voted by MEMSCAP shareholders annual meeting, the board of directors has then issued 121.053 new MEMSCAP shares for Laboratoires La Licorne shareholders, and consequently increased the MEMSCAP share capital of a global amount of €242.106.
Those 121.053 new MEMSCAP shares will be subject to all bylaws conditions, will be treated and will benefit from the same rights as existing shares, starting from the beginning of the current fiscal year. Laboratoires La Licorne integration within the MEMSCAP Group has already started and resultsshould be seen starting from the beginning of year 2008.
