Brief: Stentys Receives Conditional Investment Proposal Worth 150,000 Euros

Fonciere Volta SA

14/11/2019 08:12

Nov 14 (Reuters) - STENTYS SA  STEN.PA :
    * REPORTED ON WEDNESDAY THE RECEPTION OF A CONDITIONAL
INVESTMENT
PROPOSAL FROM ENTITY RELATED TO ALPHA BLUE OCEAN 
    * PROPOSAL TO BE IN FORM OF SUBSCRIPTION TO STENTYS' ISSUE
OF
SHARES AND CONVERTIBLE BONDS WITH WARRANTS ATTACHED, TO BE
RESERVED FOR THIS INVESTOR
    * NO ASSURANCE CAN BE GIVEN AS TO THE CERTAINTY OR
FEASIBILITY OF
THE PROPOSAL
    * ENTITY TO INVEST 150.000 EUROS THROUGH RESERVED CAPITAL
INCREASE
    * INVESTOR TO OWN 29% OF CO CAPITAL AFTER OPERATION
    * TRANSACTION SHOULD BE COMPLETED BEFORE 31 DEC 2019
    * PURPOSE OF INVESTMENT IS TO CREATE HOLDING COMPANY IN
FIELD OF
HIGH TECHNOLOGIES
    * GENERAL MEETING SCHEDULED FOR NOV 14 IS POSTPONED TO NOV
29

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nNDL6fxvNH
    
 Further company coverage:  STEN.PA 

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