(Boursier.com) — Adeunis the expert in IoT solutions for building management (Smart Building), announces the completion of the acquisition of a majority stake representing 53.22% of its capital by Webdyn, a French company subsidiary of Flexitron Group, an international group leader in the IoT sector, in accordance with the memorandum of understanding signed on December 4, 2023, as well as the upcoming conclusion of a current account advance agreement in the amount of approximately 700 KE granted by Webdyn.
This communication follows that of December 5, 2023 which informed the market of the signing of a memorandum of understanding dated December 4, 2023.
Finalization of the operation in accordance with the agreement of December 4, 2023
On December 15, Webdyn acquired a majority stake consisting of 1,222,933 Adeunis shares held by TempoCap and Capital Export and representing 53.22% of the shares in circulation, at a firm price of 0.175 euros (coupon attached) matched, if applicable. , an additional price:
*0.175 euros per share, if Adeunis’ turnover for the financial year ending March 31, 2024 is between 5 ME and 5.3 ME, then representing a final price per share of 0.350 euros;
*0.224 euros per share, if Adeunis’ turnover for the financial year ending March 31, 2024 exceeds 5.3 ME, then representing a final price per share of 0.399 EUR.
Additional funds injection
Beyond the takeover of the Company and due in particular to Adeunis’ very short-term cash flow needs, Webdyn will soon inject additional funds through a shareholder current account advance. in an amount of approximately 700 KE, in order to provide Adeunis with the means essential to the pursuit of its activity.
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