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BRIEF-Tech-Value H1 prelim. revenue at EUR 9.0 mln, to set up Tech-Value Iberica
September 6, 2017 / 8:44 AM / 15 days ago

BRIEF-Tech-Value H1 prelim. revenue at EUR 9.0 mln, to set up Tech-Value Iberica

Sept 6 (Reuters) - TECH-VALUE SPA:

* REPORTED ON TUESDAY H1 PRELIM REVENUE ABOUT 9.0 MILLION EUROS VERSUS 5.4 MILLION EUROS A YEAR AGO

* BOARD APPROVES THE INVESTMENT TO SET UP TECH-VALUE IBERICA

* SET TERMS OF THE AGREEMENT WITH SPAIN‘S LYNX IBERICA TO BUY ITS BUSINESS UNIT ACTIVE IN THE BANKING SEGMENT

* AGREEMENT ALSO PROVIDES FOR THE PURCHASE OF THE WHOLE SHARE CAPITAL OF LYNX TECNOLOGIA Y INNOVACIO

* TOTAL AMOUNT OF THE TWO TRANSACTIONS IS 0.2 MILLION EUROS

* TRANSACTION VALUE TO BE PAID 50 PCT IN CASH WHEN THE AGREEMENT IS SIGNED AND 50 PCT BY THE END OF MAY 31, 2018

* SETS TERMS OF AGREEMENT WITH LYNX TO DEVELOP A SPANISH AND INTERNATIONAL 2018 VERSION OF ANTI MONEY LAUNDERING SOFTWARE “NAMEBOOK” AND THE SALE OF THE DOMAINS ASSOCIATED WITH IT

* PRICE OF THE INTERNATIONAL SOFTWARE VERSION IS EUR 0.08 MLN AND WILL BE PAID VIA 20,000 TECH-VALUE SHARES AT EUR 4/SHR

* PRICE OF SPANISH SOFTWARE VERSION IS EUR 28,000 TO BE PAID VIA CASH

Source text on Eikon:

Further company coverage: (Gdynia Newsroom)

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