Brief: MailUp buys 100 pct of Agile Telecom

Growens SpA

07/12/2015 07:37

Dec 7 (Reuters) - MailUp SpA  MAIL.MI : 
    * Said on Saturday that it signed an agreement with Zoidberg 
Srl and Gianluca Prontito to acquire 100 percent in Agile 
Telecom SpA for the total price of 6.0 million euros ($6.52 
million) 
    * 1,993,488 euros of the transaction price to be paid at 
closing date, 1,206,512 euros to be paid by taking over a 
Zoidberg debt towards Agile Telecom, 800,000 euros to be paid 
after that Agile Telecom discloses it FY 2015 income statement, 
2.0 million euros to be paid via capital increase 
    * Transaction is subject to the shareholders' approval of 
the capital increase for up to 2 million euros, premium 
included, by issuing up to 666,667 ordinary shares for the price 
of 3 euros per share 
    * Capital increase to be reserved to Agile Telecom 
shareholders in exchange for 33 percent of Agile Telecom shares 
    * Agile Telecom SpA is a company specialized in short 
message service (SMS) solutions for Italian and foreign 
companies 
 
     
  
     
 Source text: http://bit.ly/1HPFP0Z 
     
 Further company coverage:  MAIL.MI   
    
 
 
 
 
($1 = 0.9205 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))