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CTG - Cube.ITG SA W Restrukturyzacji News Story

PLN0.195 -0.0  -1.5%

Last Trade - 06/05/19

Sector
Technology
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £357k
Position in Universe th / 808

BRIEF-Cube ITG has 3 call options to buy up to 100 pct of Itmed

Mon 15th December, 2014 12:33pm
Dec 15 (Reuters) - Cube ITG SA  CTGP.WA : 
    * Signs agreement for three call options to acquire up to 
100 pct of Itmed Sp. z o.o. (Itmed) with a business partner 
    * A business partner oblige to acquire the remaining 87.5 
pct stake in Itmed in order to sell later 100 pct of it to the 
company 
    * Has a call option 1 to buy 49 pct stake in Itmed for 8.2 
million zlotys, call option 2 to buy 17 pct stake for 3.77 
million zlotys and call option 3 to buy 34 pct stake for 7.55 
million zlotys 
    * Invested 8.2 million zlotys in Itmed, which can be later 
converted into Itmed shares after exercise of call option 1 
    * Does not plan to exercise call option 3 in the foreseeable 
future 
    * All three call options for purchase of Itmed can be 
exercised between Feb. 1, 2015 and Dec. 31, 2015 
    * Itmed is engaged in software and IT advisory; holds 65.23 
pct stake in Data Techno Park Sp. z o.o. 
 
Source text for Eikon:  ID:nEM1557556  
     
Further company coverage:  CTGP.WA  
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;)) 
 
Keywords: CUBE ITG/BRIEF
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