Brief: Kopex to transfer mining machinery operations to Famur

Primetech SA

30/06/2017 06:52

June 30 (Reuters) - KOPEX SA  KPX.WA : 
    * SAID ON THURSDAY THAT IT PLANS TO SEPARATE AN ORGANIZED 
PART OF THE COMPANY AND TRANSFER IT TO FAMUR SA  FMF.WA  
    * THE PART WHICH IS TO BE SEPARATED COMPRISES ASSETS RELATED 
TO MINING MACHINERY 
    * AS A RESULT OF DIVISION, FAMUR SHARE CAPITAL TO BE 
INCREASED BY CREATING 15.3 MILLION NEW SERIES F SHARES OF 
NOMINAL VALUE OF 0.01 ZLOTY PER SHARE 
    * NEWLY ISSUED SHARES TO REPRESENT ABOUT 2.65 PCT OF FAMUR'S 
STAKE 
    * SERIES F SHARES TO BE GRANTED TO EXISTING SHAREHOLDERS OF 
KOPEX IN PROPORTION 0.7636 SHARE OF FAMUR FOR 1 SHARE OF KOPEX 
    * SHARE CAPITAL OF KOPEX TO BE LOWERED BY 58.7 MILLION 
ZLOTYS VIA REDEMPTION OF 79 PCT OF SERIES A, B AND C SHARES 
    * FAMUR SAID THE COMPLETION OF THE ONGOING OPERATIONAL 
INTEGRATION OF FAMUR AND KOPEX, UNDERSTOOD AS THE RELEASE OF THE 
FULL SYNERGY EFFECTS, IS PLANNED FOR THE END OF 2017 
    * THE FORMAL FINALISATION OF THE PROCESS IS EXPECTED TO TAKE 
PLACE IN THE FIRST QUARTER OF 2018 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM9DdFQda  urn:newsml:reuters.com:*:nNDL1D2tTv 
     
 Further company coverage:  KPX.WA ,  FMF.WA   
    
 
 
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