December 22, 2017 / 6:51 AM / a month ago

BRIEF-Awox Updates On Project To Acquire European Home Automation Company

Dec 22 (Reuters) - AWOX SA:

* 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: bit.ly/2BOeP1b Further company coverage: (Gdynia Newsroom:)

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