Brief: Hungarian 4iG says signs prelim non binding deal with Rheinmetall AG about stake purchase

4ig.

25/11/2021 07:36

Nov 25 (Reuters) - Hungarian company 4iG IGNY.BU says in
statement on Budapest Stock Exchange website:
    * 4IG SAYS HAS ENTERED INTO PRELIMINARY TRIPARTITE NON
BINDING
AGREEMENT WITH RHEINMETALL AG
    * THIRD PARTICIPANT IS INVESTMENT COMPANY OF 4iG CEO GELLERT
JASZAI KZF VAGYONKEZELO KFT  
    * UNDER THE PRELIMINARY DEAL RHEINMETALL AG WILL BE ABLE TO
ACQUIRE A 25.1 % STAKE IN 4IG THROUGH A SHARE PURCHASE AND
CAPITAL INCREASE 
    * RHEINMETALL WOULD PURCHASE 4IG SHARES FROM KZF
VAGYONKEZELO IN
AN OVER-THE-COUNTER TRANSACTION
    * RHEINMETALL WOULD ALSO TAKE PART IN APPROX HUF 120 BILLION
PLANNED PRIVATE CAPITAL INCREASE
    * THE PLANNED CAPITAL INCREASE BY SHARE PREMIUM WOULD BE
REALIZED
BY ISSUING 4IG SHARES AT A PRICE OF 670 FORINTS PER SHARE
    * TRANSACTIONS MAY TAKE PLACE AFTER PERMISSION BY THE
HUNGARIAN
MINISTRY OF THE INTERIOR AS PLANNED BY END-JAN 2022
    * AFTER THE COMPLETION OF THE TRANSACTIONS AN IT COMPANY
JOINTLY
OWNED BY RHEINMETALL WITH 51% STAKE AND 4IG  WITH 49% WILL BE
ESTABLISHED

Source text for Eikon: [ID:https://bse.hu/newkibdata/128639404/4iG_RT_Rheinmetall_20211125_EN.pdf
]

 (Reporting by Krisztina  Than)
 ((Krisztina.Than@thomsonreuters.com;))