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All the latest financial press releases from HMS Networks

HMS Industrial Networks AB completes the acquisition of eWON SA

by User Not Found | Feb 05, 2016

HMS Industrial Networks AB, a wholly owned subsidiary of HMS Networks AB (publ), has today completed the acquisition of the Belgium-based company eWON SA. In connection therewith, the board of HMS Networks AB (publ) has resolved to carry out a non-cash issue of 382,317 shares in line with the authorization granted by the Annual General Meeting on 28 April 2015.

As previously announced, HMS Industrial Networks AB entered into an agreement on 2 February 2016 to acquire all of the shares in eWON SA. The acquisition has been completed today and in connection therewith the board of directors of HMS Networks AB (publ) has in line with the authorization granted by the Annual General Meeting 2015 resolved to carry out a non-cash issue of 382,317 to the sellers - Serge Bassem and Pierre Crokaert - against payment of 431 shares in eWON SA. The new shares in HMS Networks AB (publ) are subject to a lock-up period of 12 months in respect of one-third of the new shares and 18 months in respect of the remaining two-thirds of the new shares.

The newly issued shares have today been subscribed for and allotted. The non-cash consideration will be reported at a value of SEK 93,285,348.

As a result of the new share issue, the number of shares in HMS Networks AB has increased from 11,322,400 to 11,704,717 and HMS Networks AB's share capital has increased by SEK 38,231.7, from SEK 1,132,240 to SEK 1,170,471.7. The new share issue entails a dilution of approximately 3.27 % for existing shareholders.

For more information, please contact:

Staffan Dahlström, CEO HMS, +46 709-17 29 01
Gunnar Högberg, CFO HMS, +46 709-17 29 95

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HMS Headquarters - Sweden



Tel: +46 35 17 29 00


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