April 27, 2018 / 9:48 PM / 5 months ago

BRIEF-IQ Power Licensing shareholders approve steps in proposed merger with Engenavis

April 27 (Reuters) - IQ Power Licensing AG:

* PTA-ADHOC: IQ POWER LICENSING AG: SHAREHOLDERS APPROVE MAJOR STEPS IN PROPOSED COMPANY MERGER WITH ENGENAVIS

* ANNOUNCES APPROVAL OF CAPITAL INCREASE OF 260 MILLION SHARES AT EUR 0,07 PER IQPL SHARE

* ENGENAVIS WILL HAVE SLIGHTLY OVER 67% OF IQ POWER LICENSING AFTER CAPITAL INCREASE AND EXECUTION OF SHARE EXCHANGE AGREEMENTS

* DUE DILIGENCE AND RECEIPT OF FUNDS STILL REQUIRED TO FULFILL CONDITIONS OF MERGER

* SHARE EXCHANGE AGREEMENTS FOR OVER 170 MILLION SHARES SIGNED Source text for Eikon: Further company coverage:

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