Brief: Audio Investments says Joint Stock PIF to invest in Sound Object Technologies

Adiuvo Investments SA W Restrukturyzacji

22/10/2015 08:31

Oct 22 (Reuters) - Audio Investments SA  ADV.WA : 
    * Said on Wednesday that on Oct. 16 an investment agreement 
was signed between Joint Stock Polish Investment Fund CV (Joint 
Stock PIF), Sound Object Technologies SA and its funders  
    * The subject of the agreement is to define conditions of 
investment of 4.1 million zlotys ($1.1 million) in Sound Object 
Technologies SA by Joint Stock PIF in order to create a 
technology that can be commercialized  
    * Under the investment, Joint Stock PIF will acquire about 
30 percent stake in Sound Object Technologies SA in three 
tranches  
    * Sound Object Technologies SA is involved in a project on 
the digitization and vectorization of sound 
    * The funders of Sound Object Technologies include Adam 
Mieczyslaw Pluta, Elzbieta Pluta, Katarzyna Anna Rokicka, Tomasz 
Krzysztof Pluta, Krzysztof Piotr Smolski, Bogumila Wiatr, 
Grazyna Nowak, Slawomir Manowski, Krzysztof Wlodzimierz 
Przybyszewski, and Wojciech Stanislaw Raczka 
    * Joint Stock Polish Investment Fund CV is a portfolio 
company of Adiuvo Investments 
 
     
 Source text for Eikon:  ID:nEM2106717  
     
 Further company coverage:  ADV.WA   
  
 ($1 = 3.7888 zlotys) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))