Brief: SMT updates on acquisition of iAlbatros from Moncef Khanfir

Satis SA

23/06/2015 08:06

June 23 (Reuters) - SMT SA  SMTP.WA : 
    * Said on Monday that in accordance with planned changes in 
the company's capital group the manner of acquisition of the 
company's shares by Moncef Khanfir has changed  
    * SMT will acquire 107,000 shares of iAlbatros SA from 
Moncef Khanfir for total price of 12.5 million zlotys  ($3.4 
million) 
    * The transaction's condition is acquisition of the 
company's shares by Moncef Khanfir for 12.5 million zlotys 
    * As a result, SMT will not conduct a share buy-back program 
to re-sell shares to Moncef Khanfir   
 
     
 Source text for Eikon:  ID:nEM2288979  
     
 Further company coverage:  SMTP.WA   
    
 
 
 
($1 = 3.6989 zlotys) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))