Brief: Italy's Neosperience Closes Acquisition Of 51% Of HOK Group

Neosperience SpA

30/10/2019 17:28

Oct 30 (Reuters) - Neosperience SpA  NSP.MI :
    * CLOSES ACQUISITION OF 51% OF HOK GROUP
    * TO BUY REMAINING 49% OF HOK BY JULY 2020, FOR BETWEEN
MINIMUM
VALUE OF EUR 0.9 MILLION AND MAXIMUM OF EUR 1.1 MILLION
    * AMOUNT FOR REMAINING 49% OF HOK TO BE PAID ENTIRELY IN
NEWLY
ISSUED CO'S SHARES, ALSO SUBJECT TO SPECIFIC LOCK-UP
    * PAYMENT FOR 51% OF HOK IS € 672,028, OF WHICH € 505,343 IN
CASH,
AND € 166,685 IN 18,500 CO'S SHARES WITH DELIVERY EXPECTED BY
FEB 2020 AND SUBJECT TO LOCK-UP UNTIL AUG 2020

Source text for Eikon:  urn:newsml:reuters.com:*:nBIA5thwcL
Further company coverage:  NSP.MI 

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