Brief: Amper Signs Deal To Buy Next Gen Critical Comms
BRIEF-Amper Signs Deal To Buy Next Gen Critical Comms June 16 (Reuters) - Amper SA APE.MC:
SAID ON MONDAY, SIGNS DEAL TO BUY 100% OF NEXT GEN CRITICAL COMMS THAT HOLDS 100% OF TELTRONIC
DEAL VALUE IS €155 MILLION FIXED PLUS UP TO €45 MILLION EARN-OUT
CONDITIONS FOR €15 MILLION OF EARN-OUT ALREADY MET, CONTINGENT PAYMENT DUE IN CASH BY JAN 31, 2027
ADDITIONAL CONTINGENT PAYMENTS TO BE MADE IN CASH AS SCHEDULED
PAYMENT: €111 MILLION CASH, €44 MILLION IN AMPER SHARES SUBSCRIBED BY SELLING FUNDS VIA NON-CASH CAPITAL INCREASE
NEW SHARES TO REPRESENT ABOUT 7.75% OF CAPITAL, ISSUED AT €0.23 PER SHARE
IF REVERSE STOCK SPLIT PROPOSED BY BOARD APPROVED, NEW SHARES TO BE ISSUED AT €5.75 PER SHARE
CLOSING SUBJECT TO SHAREHOLDER MEETING APPROVAL
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Further company coverage: APE.MC
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