Brief: NFON To Buy Deutsche Telefon Standard

nfon AG

06/02/2019 15:12

Feb 6 (Reuters) - NFON AG  NFN.DE :
    * SIGNS A SHARE PURCHASE AGREEMENT WITH THE SHAREHOLDERS OF
DEUTSCHE TELEFON STANDARD AG
    * COMPANY PLANS TO ACQUIRE SHARES IN DEUTSCHE TELEFON
STANDARD AG
AFTER APPROVAL OF DEUTSCHE TELEFON STANDARD AG'S 2018 ANNUAL
FINANCIAL STATEMENTS
    * EXPECTS TRANSACTION TO BE COMPLETED DURING Q1 OF 2019
    * FINCANCES AROUND EUR 17 MILLION OF PURCHASE PRICE FOR
DEUTSCHE
TELEFON STANDARD AG FROM PROCEEDS OF IPO IN 2018 AND FROM DEBT
    * EXISTING SHAREHOLDERS OF DEUTSCHE TELEFON STANDARD AG WILL
PARTICIPATE IN NFON BY RECEIVING NEW SHARES AS PART OF CAPITAL
INCREASE
    * CAPITAL INCREASE WITH A TOTAL VOLUME OF AROUND EUR 2.5
MILLION
FROM AUTHORIZED CAPITAL
    * SHARE CAPITAL OF NFON WILL BE INCREASED BY 284,738 SHARES
    * SHARE CAPITAL WILL AMOUNT TO EUR 14,091,554 MILLION AFTER
CAPITAL INCREASE

Source text for Eikon:  ID:nEQ3kfv3za 
Further company coverage:  NFN.DE 

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