Brief: IVS Group announces redemption and annulment of class B shares

IVS SA

30/06/2017 16:07

June 30(Reuters) - IVS GROUP SPA  IVS.MI : 
    * INFORMS THAT THE BOARD RECOGNIZED THE END OF THE PERIOD OF 
POSSIBLE CONVERSION OF 1,250,000 B2 SHARES AND 1,250,000 B3 
SHARES, CURRENTLY HELD IN ESCROW AND ORIGINALLY AWARDED TO THE 
FOUNDERS OF THE SPAC ITALY1 INVESTMENTS 
    * SAYS IT ALSO RECEIVED FROM BANK OF NEW YORK MELLON THE 
CERTIFICATION THAT THE CONDITIONS FOR THE CONVERSION HAVE NOT 
BEEN MET  
    * THE COMPANY TO REDEEM WITHIN NOV 16 THE B SHARES AT THE 
NOMINAL PRICE OF 0.0093 EUROS PER SHARE  
    * THE BOARD TO CONVENE AN EGM AIMED AT CANCELLING THE B 
SHARES, BY REDUCING ACCORDINGLY THE SHARE CAPITAL OF THE COMPANY 
 
     
 Source text: http://reut.rs/2u6URu6 
     
 Further company coverage:  IVS.MI   
    
 
 
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