Brief: Relatech Completes Acquisition Of 53.5% Of Xonne

Relatech SPA

20/07/2020 17:21

July 20 (Reuters) - Relatech SpA  RLT.MI :
    * BUYS 53.5% OF XONNE
    * 27% OF PAYMENT BY SHARE CAPITAL INCREASE THROUGH CASH
PAYMENT
FROM RELATECH
    * XONNE IS SME FOR AUGMENTED AND VIRTUAL REALITY SOLUTIONS
    * 26.50% OF SHARE CAPITAL PURCHASED WITH PAYMENT IN RELATECH
SHARES WITH VALUE OF EUR 7,85 WITH A 35% BONUS ON ACTION VALUE
    * TRANSACTION CONCLUDED FOR CONSIDERATION OF ABOUT EUR
317,000
    * MANAGEMENT CONTINUITY IN XONNE IS GUARANTEED BY
MAINTAINING CEO
POSITION CURRENTLY IN OFFICE

Source text for Eikon:  ID:nBIA5FkBML 
Further company coverage:  RLT.MI 

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