Brief: Amper's Unit Signs Agreement On Partial Divestment In Atlas Engineering And Construction

Amper SA

30/12/2022 17:22

Dec 30 (Reuters) - Amper SA  APE.MC :
    * INFORMS ON PARTIAL DIVESTMENT IN ATLAS ENGINEERING AND
CONSTRUCTION GMBH
    * SUBSIDIARY AMPER SISTEMAS HAS ENTERED INTO AN AGREEMENT TO
PARTIALLY DIVEST IN ATLAS AND TO RENEW SHAREHOLDERS' AGREEMENT
ON THIS COMPANY
    * RENEW OF SHAREHOLDERS' AGREEMENT IS SUBJECT TO CONDITION
PRECEDENT OF ACQUISITION OF A STAKE IN INSTALVIA'S SHARE CAPITAL
BY A VENTURE CAPITAL FUND, WHICH IS CURRENTLY AT THE CLOSING
STAGE, TO BE FULFILLED IN ANY EVENT BY 21 FEB 2023
    * UNDER TERMS OF AGREEMENT, AMPER WAIVES RIGHT OF OPTION TO
PURCHASE ON ATLAS SHARES, OWNED BY INSTALVIA TELECOMUNICACIONES,
REPRESENTING UP TO 21% OF SHARE CAPITAL IN EXCHANGE FOR 1.5
MILLION EUROS PAYABLE NO LATER THAN 28 FEB 2023
    * INSTALVIA CALL OPTIONS AND AMPER PUT OPTIONS ON ATLAS
SHARES
HELD BY AMPER, REPRESENTING 20% OF THE SHARE CAPITAL, ARE
PROVIDED FOR  MIN. PRICE OF €2.0 MILLION- AND MAXIMUM PRICE OF
€5.5 MILLION.-, WITH  AMOUNT OF €1.0 MILLION - PAYABLE IN
ADVANCE NO LATER THAN 28 FEBRUARY 2023
    * WILL MAINTAIN ITS CONTROLLING STAKE IN ATLAS,
CONSOLIDATING
ATLAS WITHIN ITS GROUP OF COMPANIES, AS AMPER RETAINS RIGHT TO
APPOINT MAJORITY OF ATLAS' DIRECTORS
    * UPON FULFILMENT OF ABOVE CONDITION PRECEDENT, AMPER WILL
CEASE
TO BE OBLIGED TO LEND ATLAS A MAXIMUM AMOUNT OF 1.3 MILLION
EUROS, WITH ATLAS COMMITTING TO REPAY AND CANCEL ENTIRE
FINANCING PROVIDED BY AMPER WITHIN A MAXIMUM PERIOD EXPIRING ON
28 FEB 2023 AT THE LATEST
    * AGREEMENT IS PART OF AMPER GROUP'S NEW STRATEGIC AND
TRANSFORMATION PLAN 2023-2026

Source text for Eikon:  ID:nCNM34w0XC 
Further company coverage:  APE.MC 
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