Brief: Platige Image sets conditions to end investment in Juice
02/01/2017 10:44
Jan 2 (Reuters) - Platige Image SA PLIP.WA :
* Said on Friday that it signed an agreement with its unit
Juice sp. z o.o. (Juice), Juice Home sp. z o.o and Adam
Tunikowski to set conditions for an investment closure
* To retire all 612 of its shares in Juice (51 pct stake)
for about 3.9 million zlotys ($925,947.91)
* To buy back its series F shares held by Adam Tunikowski
(37,857 shares) for c. 0.8 mln zlotys
* The investment closure agreement has been signed as Juice
has not achieved its financial goals set in its business plan in
2012 and the synergy effects achieved have not been satisfactory
* The parties are going to continue their cooperation on
creating advertising and computer animation projects
Source text for Eikon: urn:newsml:reuters.com:*:nEM3078086
Further company coverage: PLIP.WA
($1 = 4.2119 zlotys)
(Gdynia Newsroom)
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