5 Mar 2019 07:00
5 March 2019
CIP MERCHANT CAPITAL LIMITED
("CIP Merchant Capital" or the "Company")
Further Investment in Orthofix
CIP Merchant Capital is pleased to announce that it has acquired a further 2,500 shares in Orthofix Medical Inc. (formerly Orthofix International N.V.) ("Orthofix"), a NASDQ listed medical devices company, for a total consideration of approximately US$0.15 million.
Following the acquisition, CIP Merchant Capital is now interested in 97,000 shares of Orthofix.
In the year ended 31 December 2018 Orthofix had net income of US$13.8 million and as at 31 December 2018 had net assets of US$335.4 million.
For further information, please contact:
Merchant Capital Manager Limited (Investment Manager) Marco Fumagalli Carlo Sgarbi
| +41 91 225 25 60 |
Strand Hanson Limited (Financial & Nominated Adviser and Broker) Richard Tulloch / James Bellman | +44 20 7409 3494 |
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.