Brief: IP Strategy AG reverse merger finalization proceeds according to plan

OTI Greentech AG

27/01/2015 08:02

Jan 27 (Reuters) - IP Strategy AG  NSAG.D : 
    * Finalization of reverse merger proceeds according to plan 
    * Recording of contribution in kind in commercial register 
expected for February 
    * Stock exchange listing effective immediately for OTI 
Greentech AG 
    * Name change from former IP Strategy AG to OTI Greentech AG 
has now been entered in commercial register 
    * Next step will be to incorporate entire operating business 
of existing Swiss OTI Greentech Group AG into company 
    * Shareholders of Swiss OTI Greentech Group AG have already 
submitted over 99.5 percent of shares to trustee for exchange 
    * Share capital of OTI Greentech Group AG will then be 
around 22.1 million euros ($24.90 million), divided into an 
equal number of no-par value shares 
    * Once these steps have been implemented, annual revenue of 
listed OTI Greentech Group AG will exceed 20 million euros 
 
Source text for Eikon:  ID:nEQ3RCwvxa  
Further company coverage:  NSAG.D  
 
 
($1 = 0.8876 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 39 20;)) 
 
Keywords: IP STRATEGY/BRIEF