Brief: Congra Software And Global Graphics Decide Not To Proceed With Scheme Of Arrangement

Hybrid Software

13/11/2018 07:11

Nov 13 (Reuters) - GLOBAL GRAPHICS SE  GLOG.BR :
    * CONGRA SOFTWARE AND GLOBAL GRAPHICS DECIDE NOT TO PROCEED
WITH
SCHEME OF ARRANGEMENT
    * CONGRA HAS ENTERED INTO TWO AGREEMENTS ON 12 NOVEMBER 2018
TO
ACQUIRE ISSUED SHARES IN GLOBAL GRAPHICS
    * SHARES ARE HELD RESPECTIVELY BY CLEMA CAPITAL SÀRL AND MR.
JOHAN
VOLCKAERTS
    * CLEMA CAPITAL SÀRL (I.E. 1,517,171 SHARES, REPRESENTING
13.10%
OF VOTING RIGHTS OF GLOBAL GRAPHICS (APPROX.)
    * MR. JOHAN VOLCKAERTS SHARES : I.E. 455,897 SHARES,
REPRESENTING
3.94% OF VOTING RIGHTS IN GLOBAL GRAPHICS (APPROXIMATELY))
    * ACQUISITIONS RELATE TO A TOTAL OF 1,973,068 ISSUED SHARES
IN
GLOBAL FOR AN AGGREGATE CONSIDERATION OF EUR 8.4 MILLION
    * PURCHASE PRICE PAYABLE BY CONGRA FOR THESE ACQUISITIONS IS
EUR
4.25 PER GLOBAL GRAPHICS SHARE
    * COMPLETION OF EACH ACQUISITION IS EXPECTED TO TAKE PLACE
ON OR
AROUND 26 NOVEMBER 2018.
    * PURCHASE PRICE FOR ACQUISITIONS WILL BE PAYABLE BY CONGRA
IN
CASH

Source text for Eikon:  ID:nGNE1Dy3SW 
Further company coverage:  GLOG.BR 

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