| Issuing
company |
Apollonion
Private Hospital Ltd |
| Nominal
value per share |
25
cents |
| Authorised
share capital |
CYP 20.000.000 divided to 80.000.000 shares at
a nominal value of 25 cents per share |
| Issued
share capital before the present issue
|
12.373.339
Ordinary shares of nominal value of 25 cents per share |
| Issue
of new shares |
The total number of shares that is offered for
issue is 510.000 Ordinary shares of nominal value of 25
cents each at the price of 40 cents per share.
1.288.223 warrants will be offered at a ration of one
Warrant for every 10 Ordinary shares that have been issued
and subscribed or to the new Ordinary shares that are going
to be issued and Subscribed until the date of the entrance
of the Company to CSE. |
| Issued
price of the new shares to the public |
40
cents per share
|
| Total
number of shares after the present issue and entrance of the
shares in to CSE
|
12.883.339 shares
of nominal value of 25 cents per share. |
| Share
Option Scheme |
With the entrance of the company's Ordinary Shares to
CSE, the Share Option Scheme will be applied for the
personnel and doctors-partners. More information is found on
paragraph 13 of the company's prospectus.
|
| Authorized
Investment |
The
company has applied for including its Ordinary Shares in the
catalogue of the authorized investment according to Article
20 of the Insurance Company Laws of 1984 and 1990, of which
it is expected to be approved with its entrance of its
titles in CSE. |
| Scope
of the new issues
|
The
net capital which will be raised from the present issue,
will be used for the reinforcement of the working capital of
the company, its organic growth, as well as its extension of
its works. |
| Evaluation
of Apollonion hospital |
Price-Pounds |
| Adjusted
profits after tax for the year 2001 |
270.562 |
| Ration
price to adjusted profit for the year 2001 |
14,06 |
| Estimated
value of the company (adjusted net profit for the year 2001
X price per earning ration)
|
3.804.935 |
|
Weighted
average number of shares
|
9.512.339 |
| Issued
price (cents)* |
40
cent |
| Adjusted
profit per share
|
2,84
cent |
|
Based
on the profit for the year 2001 that come up to 66.618 as
shown to part 7.1 of the present information report/the
rations price per earning for the year 2001 is 57.20 times.
|
| The
Group believes that the unusual expenses mentioned before
will not be repeated neither to the near nor the long term
future. The ratios: Issued price / Earning per share is
considered by the Board of Directors to be calculated on the
base of the adjusted profit as exactly presented to the
above table, which is also analyzed in part 7.2
|
| The
earning per share ration for the year 2001 after the
adjustments, is estimated to 2.84 cents, whereas the ration
price profit in the issued price of the share has been
estimated to be 14.06 times. The ratio issued price /
accountance price of the share on 31 December 2001 comes up
to 1,32 times.
|
| The
ration price per earnings which is used for the calculation
of the value of the company is within the respected ration
price profit that were used in recent entries of companies
to CSE.
|
.
