Brief: Archos announces 1.8 mln euros capital increase

Archos SA

11/12/2014 17:59

Dec 11 (Reuters) - Archos SA  ARCH.PA  
    * Announces 1,824,000 euros  ($2.26 million) capital 
increase 
    * Says capital increase by issuance of 1.2 million shares 
for a price of 1.52 euros per share 
    * CEO will subscribe for 575,000 shares and chairman will 
subscribe for 198,000 shares in capital increase 
    * Says the 427,000 remaining shares to be issued will be 
subscribed by different managers of Archos 
    * Board has decided to donate 218,000 shares to CEO 
    * Says voting rights will double after 2 years which will 
give management 20 percent of voting rights 
 
Source text for Eikon:  ID:nACT38221  
Further company coverage:  ARCH.PA  
 
($1 = 0.8074 euros) 
 
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Keywords: ARCHOS/BRIEF