Brief: Exprivia Approves Fusion By Incorporation In Abaco3, Calls Shareholders Meeting For April 30

Exprivia SpA

28/03/2024 06:28

March 28 (Reuters) - Exprivia SpA  XPR.MI :
    * SAID ON WEDNESDAY BOARD HAD APPROVED FUSION BY
INCORPORATION OF
EXPRIVIA IN ABACO3 
    * CALLS EXTRAORDINARY SHAREHOLDERS MEETING TO DELIBERATE ON
FUSION
BY INCORPORATION ON APRIL 30
    * EXPECTS FUSION BY INCORPORATION TO BE PERFECTIONED IN Q3
2024
    * BOARDS OF BOTH COMPANIES DETERMINED SHARE EXCHANGE RATIO
AT 
0.0273060882078 ABACO3 SHARES FOR 1 EXPRIVIA SHARE, BOTH AT
NOMINAL VALUE OF EUR 1
    * AS EFFECT, AS PART OF EXECUTION OF FUSION BY
INCORPORATION,
EXPECTS ABACO3 TO PROCEED WITH CAPITAL HIKE FOR UP TO EUR
817,771, BY ISSUING UP TO 814,771 SHARES
    * AT COMPLETION OF FUSION BY INCORPORATION, EXPECTS ABACO
INNOVAZIONE TO HOLD 685,221 SHARES OF NEWCO, REPRESENTING 78.33%
OF SHARE CAPITAL
    * AT COMPLETION OF FUSION BY INCORPORATION, EXPECTS
REMAINING
SHAREHOLDERS TO HOLD 189,550 SHARES OF NEWCO, REPRESENTING
REMAINING 21.67% OF SHARE CAPITAL

    
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