Brief: R22 Unit Signs Agreement Regarding Investments In UserEngage

Cyber_Folks SA

17/10/2018 06:59

Oct 17 (Reuters) - R22 SA  R22.WA :
    * ITS UNIT, VERCOM SA, SIGNS AGREEMENT REGARDING INVESTMENTS
IN
USERENGAGE SP. Z O.O.
    * UNDER AGREEMENT UNIT BUYS 9 PCT STAKE IN USERENGAGE FOR 2
MLN
ZLOTYS
    * SAYS USERENGAGE INCREASED ITS SHARE CAPITAL BY CREATING 9
NEW
SHARES, ALL OF WHICH WERE TAKE UP BY VERCOM FOR 2.5 MLN ZLOTYS
    * AFTER REGISTRATION OF USERENGAGE'S SHARE CAPITAL INCREASE
VERCOM
TO HOLD 16.51 PCT STAKE IN USERENGAGE
    * SAYS WITHIN 18 MONTHS USERENGAGE TO MAKE FURTHER CAPITAL
INCREASES AND VERCOM IS TO TAKE UP FURTHER 21 SHARES IN
USERENGAGE FOR TOTAL OF 5.5 MLN ZLOTYS AND AS A RESULT TO HOLD
30 PCT STAKE IN USERENGAGE
    * SAYS THE AGREEMENT ALSO ENTITLES VERCOM TO TAKE UP FURTHER
30
PCT STAKE IN USERENGAGE IN THE FUTURE
    * USERENGAGE IS A MARKETING AUTOMATION PLATFORM

Source text for Eikon:  ID:nEM2fslbta 
Further company coverage:  R22.WA 

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