Reuters logo
BRIEF-EBC Solicitors and Pixel change terms of Red Dev Studio sale
June 26, 2017 / 8:36 AM / 5 months ago

BRIEF-EBC Solicitors and Pixel change terms of Red Dev Studio sale

June 26 (Reuters) - EBC SOLICITORS SA:

* SAID ON SATURDAY THAT IT SIGNED WITH PIXEL VENTURE CAPITAL SA (PIXEL, PREVIOUSLY BLUE OCEAN MEDIA SA) DEAL ABOUT TERMINATION OF CONTRACT CONCERNING ACQUISITION OF 2,000 SHARES OF TURTLE TEAM SP. Z O.O. BY PIXEL

* PIXEL PLANNED TO FINANCE PURCHASE OF SHARES IN TURTLE TEAM VIA ISSUE OF SERIES D SHARES

* POLISH FINANCIAL SUPERVISION AUTHORITY HAS FORBIDDEN ISSUANCE OF SERIES C SHARES AND IN CONSEQUENCE SERIES D SHARES OF PIXEL

* THE DEAL PROLONGS TERM OF PAYMENT FOR RED DEV STUDIO TILL DEC. 15

* THE DEAL INCREASES ALSO SELL PRICE FOR RED DEV STUDIO SP. Z O.O. SHARES TO 1.7 MILLION ZLOTYS FROM 1.1 MILLION ZLOTYS

* THE COMPANY INFORMED ABOUT PLANS CONCERNING SALE OF RED DEV STUDIO ON FEB. 24

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below