July 17, 2018 / 5:11 AM / 5 months ago

BRIEF-Ceva Expects Conversion Of CMA CGM's Securities Within Next 4 Weeks

July 17 (Reuters) - CEVA Logistics AG:

* EQS-NEWS: CEVA EXPECTS CONVERSION OF CMA CGM’S SECURITIES WITHIN NEXT 4 WEEKS

* CMA CGM S.A. IS EXPECTED TO CONVERT CHF 378,945,215 OF CEVA MANDATORY CONVERTIBLE SECURITIES IT HOLDS INTO REGISTERED ORDINARY SHARES TO BECOME A 24.99% SHAREHOLDER IN CEVA LATEST ON 13 AUGUST 2018

* FOLLOWING CONVERSION AND REGISTRATION OF NEWLY CREATED SHARES, CMA CGM’S AND RODOLPHE SAADÉ’S COMBINED SHAREHOLDINGS WILL AMOUNT TO APPROXIMATELY 25.04% OF CEVA’S REGISTERED CAPITAL Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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