Innelec Multimedia SA Announces Division of Physical and Digital Distribution Activities via Spin-off of Xandrie
Innelec Multimedia SA announced that it has decided to separate its physical and digital distribution activities by way of a spin-off of its non-listed subsidiary, Xandrie. Shareholders of Innelec Multimedia SA, will be allowed to become shareholders of both company. Xandrie publishes a digital distribution platform offering various media products, such as video games, software, music, books and others. Innelec Multimedia SA will bring to Xandrie all the assets and liabilities linked to the digital distribution activity. In exchange, it will receive 1,635,742 Xandrie shares as well as a premium of EUR 205,134.36. Innelec Multimedia SA shareholders will receive one free share in Xandrie SA for each Innelec Multimedia SA share owned.
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