Brief: Archos And VinSmart Announce Strategic Partnership

Archos SA

30/04/2019 06:46

April 30 (Reuters) - ARCHOS SA  ARCH.PA :
    * ARCHOS AND VINSMART ANNOUNCE STRATEGIC PARTNERSHIP
    * INVESTMENT FROM VINGROUP IN THE CAPITAL OF ARCHOS THROUGH 
ITS
SUBSIDIARY VINSMART
    * ISSUANCE OF ARCHOS SHARES, REPRESENTING 29.5% OF CAPITAL,
AND
SHARE SUBSCRIPTION WARRANTS TO BE SUSCRIBED BY ARCHOS
    * IN CASE ALL SHARE SUBSCRIPTION WARRANTS ARE EXCERCISED,
PARTICIPATION OF VINSMART IN CAPITAL of ARCHOS COULD REPRESENT
UP TO 60%
    * ARCHOS TO EMIT 27 460 000 NEW SHARE AT A SUBSCRIPTION
PRICE OF
EUR 0.281 PER SHARE 

    
 Source text: https://bit.ly/2Wa4WEw
    
 Further company coverage:  ARCH.PA  
   


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