Brief: Tinexta To Exercise Call Option On Defence Tech

Tinexta SpA

21/06/2024 12:44

June 21 (Reuters) - Tinexta SpA  TNXT.MI :
    * TO EXERCISE CALL OPTION ON  DEFENCE TECH
    * TO PROMOTE TAKEOVER BID ON WHOLE SHARES OF COMPANY
    * AS RESULT OF TRANSFER OF PARTICIPATION OBJECT OF TINEXTA
CALL,
TINEXTA VEHICLE TOHAVE PARTICIPATION EQUAL TO 60.09% OF DEFENCE
TECH CORPORATE CAPITAL
    * PRICE FOR EXERCISE OF TINEXTA CALL IS EQUAL TO EUR 24.9
MILLION,
EQUAL TO EUR 2.44 PER SHARE
    * THE TRANSFER OF THE SHARES OBJECT OF THE TINEXTA CALL IS
SUBJECT
TO THE GOLDEN POWER CLEARANCE, COMPANY TO PROMPTLY INFORM
MARKETS ON CLEARANCE

Source text for Eikon:  ID:nBIA6yrTvt 
Further company coverage:  TNXT.MI 

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