Brief: Softec H1 net result swings to loss of EUR 2.2 mln; Fullsix to own 70 pct stake in Softec

Beewize SpA

11/09/2015 08:33

Sept 11 (Reuters) - Softec SpA  YSFT.MI : 
    * H1 net loss 2.2 million euros ($2.48 million) versus profit of 2,145 euros a year ago 
    * H1 revenue 4.2 million euros versus 5.2 million a year ago 
    * Signs agreement for a reverse takeover operation through a merger with Fullsix SpA 
(Fullsix) units FullDigi Srl and FullPlan Srl 
    * Proposes reserved capital increase of 1,460,318 euros with a premium of 4,979,684.38 euros 
via contribution in kind of the stakes that Fullsix owns in FullDigi Srl and FullPlan Srl, 
through the issue of 1,460,318 ordinary no par value shares to be offered for subscription to 
Fullsix without option right 
    * Fullsix committed to subscribe to the capital increase at the price of 4.41 euros per 
share 
    * FullSix SpA to own 70 percent of Softec after Softec capital increase and will therefore 
be obliged to launch a public tender offer on the remaining Softec shares for 4.41 euros per 
share 
    * Current Softec shareholders, owners of 593,265 shares, corresponding to a 94.77 percent 
stake, declared to irrevocably renounce to subscribe to the compulsory public tender offer on 
Softec shares 
    * Proposes a capital increase of up to 375,000 euros and additional premium through the 
issue of 375,000 ordinary no-par value shares, to be reserved to qualified investors 
 
         
     
Source text for Eikon:  ID:nBIA110a5 , ID:nBIA11420  
Further company coverage:  YSFT.MI  FUL.MI  
 
($1 = 0.8857 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))