Brief: Reworld Media announces its project of merger-absorption of Sporever

Unify

13/04/2017 17:27

April 13 (Reuters) - Reworld Media SA  ALREW.PA :  
    * Announces its project of merger-absorption of Sporever SA 
 ALSPO.PA  
    * Transaction was subject of a merger agreement signed on 
April 13, 2017  
    * Boards of directors of Sporever and Reworld Media met on 
April 11, 2017 and approved terms of merger-absorbtion  
    * Merger ratio to be set at 0.5 Reworld Media shares for 1 
Sporever share (price of 3 euros ($3.2) per share for Reworld 
Media and  1.5 per share for Sporever) 
    * The merger would have a retroactive effect on the 
accounting and fiscal plan as of January 1, 2017 
    * Share capital of Reworld Media would thus be composed of 
34,612,958 shares in total at the end of the operation 
 
Source text: http://bit.ly/2ow2XvW 
Further company coverage:  ALREW.PA  
 
($1 = 0.9418 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))