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SMT - Simteract SA News Story

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Market Cap £n/a
Enterprise Value £n/a
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Position in Universe th / 795

BRIEF-SMT sells 100 pct stakes in SMT Software Services and Nilaya

Tue 1st December, 2015 7:19am
Dec 1 (Reuters) - SMT SA  SMTP.WA : 
    * Said on Monday that its units signed sale agreements of 
100 percent stakes in SMT Software Services SA and Nilaya SA 
    * SMT Software Services was sold for 104 million zlotys  
($25.78 million) and Nilaya for 65 million zlotys 
    * Agreements were signed between Creston Investments Sp. z 
o.o. as a buyer, the company's unit Holding Inwestycyjny Akesto 
Sp. z o.o. as seller of SMT Software Services,  Doneva Sp. z 
o.o. a seller of Nilaya  
    * Under the agreements, Holding Inwestycyjny Akesto Sp. z 
o.o., Software Development  and the company obliged that within 
six months from the acquisition they will stop using any graphic 
or word-graphic mark, including trademarks, that incorporates 
"SMT", "SMT Software" or "SMT Software Services"  
    * Additionally the company obliged to cover any monetary 
liabilities of Akesto and Doneva resulting from the preliminary 
and final agreements, in case they do not fulfil the 
commitments; Each of those guarantees has been granted to the 
amount of 151 million zlotys for the period of 84 months from 
the date of the agreement  
    * The company informed on preliminary sale agreement in 
Sept.  ID:nFWN11M04D  
 Source text for Eikon:  ID:nEM3012668  
 Further company coverage:  SMTP.WA   
($1 = 4.0349 zlotys) 
 (Gdynia Newsroom) 
 ((; +48 58 698 3920;))
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