Brief: Awox Updates On Project To Acquire European Home Automation Company

Veom SA

22/12/2017 06:32

Dec 22 (Reuters) - AWOX SA  AWOX.PA : 
    * PROJECT TO ACQUIRE  EUROPEAN HOME AUTOMATION COMPANY 
    * PROPOSED CAPITAL INCREASE OF APPROXIMATELY  6 MILLION 
WITH 
PREFERENTIAL SUBSCRIPTION RIGHTS 
    * PROPOSED ISSUE OF EUR 3 MILLION OF CONVERTIBLE BONDS 
RESERVED 
FOR SHAREHOLDERS OF COMPANY CONCERNED 
    * FINALIZATION OF THE TRANSACTION TARGETED FOR THE 2ND 
QUARTER OF 
2018 
    * VALUATION USED FOR ACQUISITION OF 100% OF CAPITAL SHOULD 
BE 
ABOUT  10 MILLION, WITHADDITIONAL PRICE OF  0.8 MILLION 
 
Source text: http://bit.ly/2BOeP1b 
Further company coverage:  AWOX.PA  
 
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