Brief: mVISE To Acquire System Supplier For IT And Audiovisual Solutions

mVISE AG

14/03/2022 16:57

March 14 (Reuters) - MVISE AG  C1VG.DE  
    * SIGNS BINDING TERM SHEET FOR THE ACQUISITION OF A SYSTEM
SUPPLIER FOR IT AND AUDIOVISUAL SOLUTIONS AND RESOLVES TO ISSUE
A CONVERTIBLE BOND
    * TO ACQUIRE ALL SHARES OF THE COMPANY AGAINST PAYMENT OF A
CASH
CONSIDERATION OF UP TO EUR 3 MILLION
    * PURCHASE AGREEMENT TO BE CONCLUDED BY JUNE 2022 AT THE
LATEST
    * TO ISSUE A CONVERTIBLE BOND WITH A TOTAL NOMINAL AMOUNT OF
UP TO
EUR 5 MILLION, EXCLUDING SHAREHOLDERS' SUBSCRIPTION RIGHTS
    * CONVERSION PRICE PER SHARE HAS BEEN SET AT EUR 1.75
    * CONVERTIBLE BOND WILL BE ISSUED AT 100 % OF THE NOMINAL
VALUE
WITH A DENOMINATION OF EUR 100,000 PER BOND AND WILL BEAR AN
ANNUAL INTEREST RATE OF 4.5% ON ITS NOMINAL AMOUNT

Source text for Eikon:  ID:nEQc1Ydyda 

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