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Netgem SA Signs Merger Agreement with Video Futur Entertainment Group SA


Thursday, 25 Jul 2013 12:48pm EDT 

Netgem SA announced that its Board of Directors and the Board of Directors of Video Futur Entertainment Group SA have signed a merger agreement. The agreement has been submitted to the registry of the Nanterre Commercial Court. The merger will be submitted for the approval of the Board of Directors of Netgem on July 30, 2013 and the Annual General Meeting of Video Futur Entertainment Group SA on August 1, 2013. As per the terms of public tender offer closed on April 23, 2013, Netgem SA will offer 1 Netgem share for 20 shares held in Video Futur Entertainment Group SA. Following the merger, Video Futur Entertainment Group SA will cease to exist as a legal entity and all Videofutur convertible bonds and warrants will give right to acquire Netgem SA shares. 

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14 Aug 2014