Brief: SNP Schneider To Buy Datavard For EUR 20 Million And 173,333 New Shares

SNP Schneider-Neureither & Partner SE

28/07/2021 10:37

July 28 (Reuters) - SNP SCHNEIDER NEUREITHER & PARTNER SE
 SHFG.DE :
    * ACQUIRES DATAVARD AG - FINANCED PARTIALLY VIA CAPITAL
INCREASE
THROUGH CONTRIBUTIONS IN KIND
    * AS CONSIDERATION FOR ACQUISITION OF ALL SHARES IN DATAVARD
AG, A
CASH COMPONENT OF AROUND EUR 20 MILLION AND ISSUE OF 173,333 NEW
SHARES VIA A CAPITAL INCREASE THROUGH CONTRIBUTIONS IN KIND ARE
PLANNED
    * SIGNED AN AGREEMENT TODAY TO ACQUIRE 100% OF SHARES IN
DATAVARD
AG
    * BOARD OF DIRECTORS HAS DECIDED TO FINANCE PART OF PURCHASE
PRICE
BY MEANS OF A CAPITAL INCREASE THROUGH CONTRIBUTIONS IN KIND
    * AS CONSIDERATION FOR ACQUISITION OF ALL SHARES IN DATAVARD
AG, A
CASH COMPONENT OF AROUND EUR 20 MILLION AND ISSUE OF 173,333 NEW
SHARES VIA A CAPITAL INCREASE THROUGH CONTRIBUTIONS IN KIND ARE
PLANNED
    * INITIAL CONSOLIDATION IS EXPECTED TO TAKE PLACE ON AUGUST
1,
2021
    * CAPITAL STOCK WILL BE INCREASED BY EUR 173,333.00 FROM EUR
7,212,447.00 TO EUR 7,385,780.00 BY ISSUING 173,333 NEW NO-PAR
VALUE BEARER SHARES
    * CASH ACQUISITION IS TO BE COMPLETED ON JULY 30, 2021

Source text for Eikon:  ID:nEQ5Mt1kwa 
Further company coverage:  SHFG.DE 

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