Brief: Netfonds Sells Stake In NSI Netfonds Structured Investments

Netfonds AG

17/12/2021 13:08

Dec 17 (Reuters) - NETFONDS AG  NF4.DE :
    * SELLS STAKE IN NSI NETFONDS STRUCTURED INVESTMENTS GMBH
    * IMPLEMENTED TRANSACTION AGREED ON DECEMBER 3RD, 2021 BY
LOI FOR
SALE AND CONTRIBUTION OF NSI NETFONDS STRUCTURED INVESTMENTS
GMBH BY CONTRIBUTION IN KIND TO VALUE MANAGEMENT & RESEARCH BY
MEANS OF NOTARIAL CONTRIBUTION AGREEMENT
    * TOTAL VALUE OF THE TRANSACTION THUS AMOUNTS TO EUR
9,400,000
    * IN RETURN FOR TRANSFER OF 88.72% OF SHARES IN NSI NETFONDS
STRUCTURED INVESTMENTS, NETFONDS WILL RECEIVE 1,400,000 SHARES
IN VMR AS WELL AS CONVERTIBLE BOND, WHICH CAN BE CONVERTED INTO
1,600,000 SHARES AT LATER DATE, IN AMOUNT OF EUR 5,200 .000

Source text for Eikon:  ID:nEQ9vfHyta 
Further company coverage:  NF4.DE 

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