Brief: Rheinmetall AG to acquire 25.12% ownership in Hungarian 4iG

4ig.

26/01/2022 06:25

Jan 26 (Reuters) - Hungarian IT and telecoms group 4iG Plc
said in a statement on the Budapest bourse's website:
    * HUNGARIAN IT AND TELECOMS GROUP 4IG SAYS RHEINMETALL AG
WILL
ACQUIRE 25.12 % OWNERSHIP IN 4IG - STATEMENT
    * MOVE PENDING APPROVAL BY HUNGARIAN INTERIOR MINISTRY OF
ACQUISITION BY RHEINMETALL AG IN A STRATEGIC SECTOR
    * RHEINMETALL WILL PURCHASE THE SHARES FROM KZF VAGYONKEZELO
IN
THE FORM OF AN OVER THE COUNTER TRANSACTION
    * RHEINMETALL AG WILL ALSO PARTICIPATE IN MULTI-STEP SHARE
CAPITAL
INCREASE OF HUF 125 BLN IN 4IG 
    * SHARE CAPITAL INCREASE BY SHARE PREMIUM WILL TAKE PLACE BY
ISSUING 4IG SHARES WITH AN ISSUE VALUE OF 670 FORINTS
    * AS A RESULT OF THE PROCESS, INDIRECT OWNERSHIP OF GELLERT
JASZAI
EXPECTED TO DECREASE TO 50.22% FROM 56.85% 

Source text for Eikon: https://bse.hu/site/newkib/en/2022.01./Extraordinary_Announcement_of_4iG_Plc._on_the_resolution_of_Board_of_Directors_regarding_share_capital_increase__128665497
Further company coverage:  IGNY.BU 

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