Brief: Inside Secure Announces Execution Of Acquisition Agreement For Acquisition Of Verimatrix, Inc.

Verimatrix SA

25/01/2019 07:51

Jan 25 (Reuters) - INSIDE SECURE SA  INSD.PA :
    * EXECUTION OF THE ACQUISITION AGREEMENT FOR THE ACQUISITION
OF
VERIMATRIX, INC.
    * ACQUISITION OF VERIMATRIX WILL BE FULLY FUNDED THROUGH TWO
FULLY-UNDERWRITTEN EQUITY TRANSACTIONS
    * CLOSING OF ACQUISITION IS SCHEDULED FOR FEBRUARY 2019
    * FUNDED WITH RIGHTS ISSUE OF APPROXIMATELY EUR 22.5 MILLION
WITH
PREFERENTIAL SUBSCRIPTION RIGHTS TO EXISTING SHAREHOLDERS
    * ALSO FUNDED BY ISSUANCE OF BONDS REDEEMABLE INTO NEW
SHARES
RESERVED TO ONE EQUITY PARTNERS (OEP) FOR A NOMINAL AMOUNT OF
EUR 30 MILLION
    * ACQUISITION WILL BE SUPPLEMENTED BY USE OF PART OF
AVAILABLE
CASH FOR C. $38 AND PROCEEDS OF PRIVATE DEBT SUBSCRIBED BY APERA
CAPITAL FOR C. $55 MILLION

Source text for Eikon:  ID:nBwcbfM6ca 
Further company coverage:  INSD.PA 

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