AI assistant
EVS Broadcast Equipment SA — M&A Activity 2014
Dec 5, 2014
3947_iss_2014-12-05_e54a262a-0d2c-43d0-ac36-465988109002.pdf
M&A Activity
Open in viewerOpens in your device viewer
EVS BROADCAST EQUIPMENT SELLS ITS STAKE IN YMAGIS
EVS Broadcast Equipment, the leading provider of live video production systems, today announced that it has recently sold its 288,851 Ymagis shares for an amount of EUR 2.0 million.
On October 20, 2014, EVS announced the closing of the sale of its 41.3% stake in dcinex to Ymagis. Under the agreement, EVS received EUR 2.1 million in cash (EUR 1.6 million after deduction of all fees and costs associated with the transaction), 288,851 new Ymagis shares and EUR 6.4 million in Ymagis bonds (associated with warrants).
Consistent with its desire to focus on its core broadcast activities, EVS has recently sold the 288,851 Ymagis shares it held for EUR 2.0 million. This will be neutral to income statement.
EVS still holds the EUR 6.4 million in Ymagis bonds (associated with warrants).
For more information, please contact:
Magdalena BARON, CFO Geoffroy d'OULTREMONT, Vice President Investor Relations & Corporate Communication EVS Broadcast Equipment S.A., Liege Science Park, 16 rue du Bois Saint-Jean, B-4102 Seraing, Belgium Tel: +32 4 361 70 14. E-mail:[email protected]; www.evs.com
About EVS
EVS provides its customers with reliable and innovative technology to enable the production of live, enriched video programming, allowing them to work more efficiently and boost their revenue streams. Its industry-leading broadcast and media production systems are used by broadcasters, production companies, postproduction facilities, film studios, content owners and archive libraries around the globe. It spans four key markets – Sports, Entertainment, News and Media.
Founded in 1994, its innovative Live Slow Motion system revolutionized live broadcasting. Its reliable and integrated tapeless solutions, based around its marketleading XT server range, are now widely used to deliver live productions worldwide. Today, it continues to develop practical innovations, such as its C-Cast secondscreen delivery platform, to help customers maximize the value of their media content.
The company is headquartered in Belgium and has 20 offices in Europe, the Middle East, Asia and North America. Approximately 514 EVS professionals sell its branded products in over 100 countries, and provide customer support globally. EVS is a public company traded on Euronext Brussels: EVS, ISIN: BE0003820371. For more information, please visit www.evs.com.