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Press Release

SPINEWAY : Approval of a €1.4M capital increase by a General Meeting of Spineway's shareholders

SPINEWAY
Posted on: 08 Nov 16

Press release                                                                                                                                                    Ecully, November 7, 2016

Approval of a €1.4M capital increase
by a General Meeting of Spineway's shareholders

Spineway , company specialized in surgical implants and instruments for the treatment of disorders of the spinal column, held an Extraordinary General Shareholders' Meeting on November 4, 2016, at Spineway's registered office in Ecully, chaired by Stéphane Le Roux, the Group's President.

The Shareholders' Meeting approved all of the resolutions submitted, including, in particular, the reserved capital increase by issuing ABSAs (shares with warrants attached) without preferential subscription rights, representing an amount of EUR 1,399,724.40 (including issue premium).

This capital increase, fully subscribed by the Chinese company TINAVI Medical Technologies, should be finalized before the end of November 2016.

All of the resolutions submitted and voted on can be found on www.spineway.com

SPINEWAY IS ELIGIBLE FOR THE PEA-PME (EQUITY SAVINGS PLAN FOR SMES)

Spineway designs, manufactures and markets innovative implants and surgical instruments for treating severe disorders of the spinal column.
Spineway has an international network of over 50 independent distributors and 90% of its turnover comes from exports.
Spineway, which is eligible for investment through FCPIs (French unit trusts specializing in innovation), received the OSEO Excellence award as well as the Deloitte Fast 50 award in 2011. Rhône Alpes INPI Patent Innovation Award (2013) -Talent INPI award (2015).

Contacts:           

   
Investor Relations
David Siegrist - Chief Financial Officer
Tel : +33 (0)4 72 77 01 52
finance.dsg@spineway.com
  Financial information
Jérôme Gacoin / Solène Kennis
Tel: +33 (0)1 75 77 54 68
skennis@aelium.fr
Approval of capital increase


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: SPINEWAY via GlobeNewswire
HUG#2055059
GlobeNewswire
globenewswire.com

Last updated on: 09/11/2016

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