Brief: Tech Invest Group to invest in Shuttout Ltd.

Erato Energy SA

20/06/2017 09:34

June 20(Reuters) - TECH INVEST GROUP SA  TIGP.WA : 
    * SAID ON MONDAY THAT IT HAS SIGNED AN INVESTMENT AGREEMENT 
WITH UK-BASED SHUTTOUT LTD. 
    * THE COMPANY WILL ACQUIRE 86 NEW SHARES IN SHUTTOUT LTD., 
REPRESENTING A 15.03 PERCENT STAKE IN ITS SHARE CAPITAL 
    * WITHIN A MONTH THE COMPANY CAN SELL 24 SHARES IN SHUTTOUT 
LTD. TO NEW PARTNERS, AS A RESULT REACHING TARGET STAKE OF 10.84 
PERCENT 
    * SHUTTOUT LTD. OWNS SHUTTOUT.COM PORTAL 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM1910848 
     
 Further company coverage:  TIGP.WA   
    
 
 
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