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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Wright Reports
Provider: GlobalData

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Aspiro AB's Board of Directors Proposes Sale of Aspiro TV to Management of Aspiro TV

Wednesday, 24 Apr 2013 05:30am EDT 

Aspiro AB announced that its Board of Directors proposes sale of Aspiro TV to management of Aspiro TV. The Board proposes that the Annual General Meeting (AGM) of the Company resolves on to approve the transfer of the business in Aspiro TV AS to top management in Aspiro TV, meaning Chief Executive Officer, Head of Operations and Head of Sales. Buyers will pay a purchase price of NOK 100,000 in cash. Aspiro will contribute with a debt financing of NOK 11.4 million to cover working capital and assets, and also will be entitled to a seat on the Board of the Company. Assuming the AGM approves the sale and that the authorities concerned give consents referred to the transfer, the sale is to be completed on July 1, 2013. 

Company Quote

0.025 +4.39%
11:29am EDT