Xlife Sciences AG / Key word(s): Regulatory Admission/Forecast
Xlife Sciences AG plans listing on the ‘Sparks’ segment of SIX Swiss Exchange
10-Jan-2022 / 06:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Xlife Sciences plans listing on the “Sparks” segment of SIX Swiss Exchange
– Listing on the new “Sparks” segment of SIX Swiss Exchange for small and medium-sized companies is planned for Q1 2022, subject to market environment
– Xlife Sciences AG is a Swiss company focused on the value development and commercialization of promising research projects from universities and other research institutions in the field of life sciences
– The company is involved as incubator and accelerator in in 23 project companies until the successful exit after the proof-of-concept phase with the goal of participating in their
– Xlife Sciences is currently listed on the Munich Stock Exchange and has a market capitalization of EUR 233 million as per end of 2021.
Xlife Sciences AG (XLS DE) confirms its intention to be listed on SIX Swiss Exchange, as communicated in November 2021. Subject to market environment, the listing on the new “Sparks” segment of SIX Swiss Exchange is still planned for Q1 2022.
Dr. Bernhard Scholz, Chairman of the Board of Xlife Sciences, comments: “Switzerland has a strong and dynamic life sciences industry and correspondingly knowledgeable investors and analysts. The new Sparks segment of the Swiss stock exchange is attractive for Xlife Sciences as an emerging growth company and should further increase our visibility and market transparency.”
Oliver R. Baumann, CEO of Xlife Sciences, added: “With the planned listing in Switzerland and the accompanying move to a regulated market, we aim to make our company more accessible to institutional investors, increase the liquidity of the stock and further enhance the transparency of Xlife Sciences.”
Xlife Sciences brings carefully selected early-stage projects in the four areas of technological platforms, biotechnology/therapies, medical technology, and artificial intelligence/digital health to the next stage of development. The focus is on preclinical projects in biotechnology that are acquired with a successful spin-off by a university, a clinical center, or a research institution. Currently, eleven employees and eight consultants work for Xlife Sciences AG; across all project companies, there are more than 120 scientific employees, researchers, and project managers in total.
The team of Xlife Sciences has proven experience in the life sciences sector thanks to the many years of expertise in successful partnering of the company founders and the scientific advisory board. In addition to Chairman Dr. Bernhard Scholz, the Board of Directors comprises Christian Faber, Prof. Dr. habil. Michael B. Klein, Mark S. Müller, and Simon Schöni. The Management Team consists of CEO Oliver R. Baumann (also member of the Board of Directors), CFO Carl von Halem, Chief Scientific Officer (CSO) Frank Plöger, and Beat Kläui as Head of Accounting & Taxation.
The Value Chain
The Project Companies
Currently, the portfolio of Xlife Sciences comprises 23 project companies. Five project companies are based in Switzerland, the others mostly in Germany. According to the current assessment of the Management Team, the project companies Veraxa Biotech, Laxxon Medical, Lysatpharma, Quadira Biosciences, Saniva, Vitruvia, Synimmune, Ix Therapeutics, and Baliopharm are among the short- and medium-term growth drivers of Xlife Sciences. These growth drivers can be, for example, an exit, the completion of the preclinical development phase, further commitments of federal funds or even the first-time revenue generation.
Planned listing on SIX Swiss Exchange
Following the intended listing on SIX Swiss Exchange, the proportion of freely tradable shares (“free float”) is expected remain at approximately 44%, the current quota on the Munich Stock Exchange. The majority of the shares will continue to be held by the two founders as well as the members of the Board of Directors and management team.
Since October 1, 2021, fast-growing, small and medium-sized enterprises (SMEs) have been able to list on the “Sparks” segment of SIX Swiss Exchange. This is a regulated trading segment tailored to the requirements of SMEs and their investors. Among other things, the segment provides for easier access for younger companies and a condensed trading window. Apart from that, SMEs are subject to the same prospectus requirements, the same regulatory oversight and the same reporting requirements as companies traded on the main segment of SIX Swiss Exchange.
About Xlife Sciences AG
THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS FOR BACKGROUND PURPOSES ONLY AND DOES NOT PURPORT TO BE FULL OR COMPLETE. NO RELIANCE MAY BE PLACED BY ANY PERSON FOR ANY PURPOSE ON THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT OR ITS ACCURACY, FAIRNESS OR COMPLETENESS.
THIS INFORMATION DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SHARES OR OTHER SECURITIES IN THE COMPANY TO ANY PERSON IN THE UNITED STATES OR IN ANY JURISDICTION TO WHOM OR IN WHICH SUCH OFFER OR SOLICITATION IS UNLAWFUL. IT IS NOT BEING ISSUED IN COUNTRIES WHERE THE PUBLIC DISSEMINATION OF THE INFORMATION CONTAINED HEREIN MAY BE RESTRICTED OR PROHIBITED BY LAW. THE DISTRIBUTION OF THIS ANNOUNCEMENT MAY BE RESTRICTED BY LAW IN CERTAIN JURISDICTIONS AND PERSONS INTO WHOSE POSSESSION ANY DOCUMENT OR OTHER INFORMATION REFERRED TO HEREIN COMES SHOULD INFORM THEMSELVES ABOUT AND OBSERVE SUCH RESTRICTION. ANY FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF ANY SUCH JURISDICTION. SECURITIES OF THE COMPANY ARE NOT BEING PUBLICLY OFFERED. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF THE UNITED STATES,
THIS DOCUMENT IS NOT INTENDED TO CONSTITUTE AN OFFER OR SOLICITATION TO PURCHASE OR INVEST IN THE SECURITIES. THE SECURITIES MAY NOT BE PUBLICLY OFFERED, DIRECTLY OR INDIRECTLY, IN SWITZERLAND WITHIN THE MEANING OF THE SWISS FINANCIAL SERVICES ACT (FINSA). NEITHER THIS DOCUMENT NOR ANY OTHER MARKETING MATERIAL RELATING TO THE SECURITIES CONSTITUTES A PROSPECTUS PURSUANT TO THE FINSA OR ANY APPLICABLE LAWS OR REGULATIONS.
|Company:||Xlife Sciences AG|
|Phone:||0041 44 385 84 60|
|Listed:||Regulated Unofficial Market in Frankfurt, Munich|
|EQS News ID:||1266441|
|End of Announcement||DGAP News Service|