Punch Reaches Agreement with Bencis on the Transfer of Shareholding in Xeikon
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A further condition is that the remaining ties between Xeikon and Punch must be carved out prior to the transfer of the controlling interest. For this reason, Punch is acquiring all of Xeikon's interests in Accentis at a price of EUR 9,600,000, namely 554,484,942 Accentis shares (i.e. 43.74 percent of the issued capital) at a price of EUR 0.01 per share and various claims against Accentis. Moreover, Xeikon is taking over Point-IT at a price of EUR 800,000. Point-IT provides IT services to Xeikon. Under applicable rules, Punch is not under any obligation to launch a public offer on the remaining shares in Accentis.
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