Brief: Netgem To Acquire Eclair Préservation And Eclair Digital Services

Netgem SA

23/06/2023 07:09

June 23 (Reuters) - Netgem SA  ALNTG.PA :
    * ACQUISITION OF ECLAIR PRÉSERVATION AND ECLAIR DIGITAL
SERVICES
    * PURCHASE OF MINORITY STAKES IN VITIS (FRENCH ACTIVITIES)
    * PRIVATE INVESTMENT OF 5 MILLION EUROS FULLY SUBSCRIBED BY
LA
CAISSE DES DÉPÔTS AND MANCO
    * MERGER WITH NETGEM'S FRENCH OPERATIONS WILL ENABLE NETGEM
TO
ENHANCE ITS OFFERING FOR AUDIOVISUAL PRODUCTION, IN PARTICULAR
MOVIES
    * IN PARALLEL WITH THESE ACQUISITIONS, NETGEM HAS ANNOUNCED
THAT
IT IS BUYING OUT MINORITY STAKES HELD BY CAISSE DES DÉPÔTS AND
OCEINDE IN VITIS, ITS FRENCH SUBSIDIARY
    * NEW SHARES WILL BE ISSUED AT A PRICE OF EUR1.20,
EVIDENCING A
PREMIUM OF 12.7% OVER PRICE AT CLOSE OF MARKET DAY BEFORE
    * TOTAL INVESTMENT FOR THESE OPERATIONS AMOUNTS TO 7.4
MILLION
EUROS, FINANCED BY A 5 MILLION EUROS RESERVED CAPITAL INCREASE
    * BALANCE OF EUR1.8 MILLION WILL BE FINANCED BY COMPANY'S
CASH AND
ASSUMPTION OF EUR0.6 MILLION IN DEBT FROM ACQUIRED COMPANIES
    * CAISSE DES DÉPÔTS WILL HOLD 7% OF NETGEM'S CAPITAL AND
MANCO
CLOSE TO 5%
    * TERMS AND CONDITIONS AND DILUTIVE IMPACT OF PRIVATE
PLACEMENT
ARE DESCRIBED IN APPENDIX TO THIS PRESS RELEASE
    * CHANGE IN SCOPE RESULTING FROM THESE TRANSACTIONS IS
EXPECTED TO
INCREASE GROUP'S 2024 EARNINGS PER SHARE (EPS) BY MORE THAN 10%
AFTER SYNERGIES
    * OBJECTIVE IS TO FINALISE TRANSACTION AT BEGINNING OF JULY
2023,
WITH A POSITIVE IMPACT ON EARNINGS FROM SECOND HALF OF 2023
    * ACQUISITION OF ECLAIR PRÉSERVATION AND ECLAIR DIGITAL
SERVICES
AMOUNTS TO 4 MILLION EUROS IN ENTERPRISE VALUE, AND THAT OF
MINORITY SHAREHOLDERS IN VITIS TO 3.4 MILLION EUROS

Source text for Eikon:  ID:nACT80565 
Further company coverage:  ALNTG.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7785110;))