Brief: Enensys Technologies Acquires Expway

Enensys Technologies SA

07/01/2019 06:39

Jan 7 (Reuters) - ENENSYS TECHNOLOGIES SA  ALNN6.PA :
    * ACQUISITION OF EXPWAY, A LEADING PROVIDER OF MOBILE VIDEO
STREAMING OPTIMIZATION SOFTWARE
    * EXPWAY GROUP IS EXPECTED TO POST 2018 SALES OF OVER EUR3.0
MILLION
    * ENENSYS TECHNOLOGIES WILL ACQUIRE ALL SHARES IN EXPWAY AT
A
TOTAL PRICE OF EUR4.6 MILLION
    * EUR2.7 MILLION OF WHICH WILL BE SETTLED IN CASH
    * BALANCE PAID VIA ISSUE OF 279,741 NEW ENENSYS TECHNOLOGIES
SHARES AT A VALUE OF EUR6.71 PER SHARE
    * AS PART OF DEAL, ENENSYS TECHNOLOGIES WILL ALSO ACQUIRE
CONVERTIBLE BONDS, ORDINARY BONDS AND ADVANCES CARRIED ON
EXPWAY'S BALANCE TOTAL AT A TOTAL VALUE OF EUR4.7 MILLION
    * ENENSYS TECHNOLOGIES WILL CARRY OUT PAYMENT OF THESE
SHARES AND
ADVANCES THROUGH TENDERING 667,612 ENENSYS TECHNOLOGIES
CONVERTIBLE BONDS THAT MAY BE CONVERTED AT ANY TIME UNTIL
DECEMBER 31, 2021
    * THESE BONDS HAVE A COUPON RATE OF 8%

Source text for Eikon:  ID:nACT56500 
Further company coverage:  ALNN6.PA 

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