April 4, 2018 / 6:26 AM / 6 months ago

BRIEF-IQ Power Licensing To Merge With Green Technology Company Engenavis In US

April 4 (Reuters) - IQ Power Licensing AG:

* ADHOC: IQ POWER LICENSING AG: MERGER OF IQ POWER INTO GREEN TECHNOLOGY COMPANY IN USA

* ‍BOARD OF DIRECTORS APPROVE OFFER FOR MERGER WITH GREEN TECHNOLOGY COMPANY ENGENAVIS IN USA​

* ‍INVESTMENT OF MINIMUM USD 17 MILLION INTO IQ POWER LICENSING FOR NEW BUSINESS INITATIVES AT EUR 0,07/SHARE​

* LISTING ON FRANKFURT GENERAL STANDARD AND NASDQ PLANNED

* ‍COMPLETE MERGER INTO USA COMPANY PLANNED AT EUR 0,108/SHARE EQUIVALENT​

* ‍DEAL CONTINGENT ON VOLUNTARY SHARE EXCHANGE, SHAREHOLDER APPROVAL AND DUE DILIGENCE​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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