IBS Group seeking full control over its IT Services segment
IBS Group is looking to gain full control over its IT Services segment after buying all the shares of the company that it does not already own.
Ad Hoc notification from IBS Group Holding Limited in accordance with § 15 of the Securities Trading Act (WpHG)
IBS Group is looking to gain full control over its IT Services segment after buying all the shares of the company that it does not already own.
Today, a subsidiary of IBS Group - SouthEast Integration, Inc. have signed a letter of intent to acquire 14.09% of the share capital of IBS Systems Integration Limited (“the Company”) from Warrant Group Ltd. As a result of anticipated transaction IBS Group will increase its controlling stake in IT Services segment up to 97.75%. The rest 2.25% of the share capital is reserved for stock option plan. The Parties intend to sign legally binding transaction documents regulating mutual obligations and conditions not later than 31 January 2012. This is subject to the necessary corporate approvals and other legal requirements.
To the extent that this release contains any statements that relate to expectations, forecasts or to the future, these statements may be associated with known and unknown risks and uncertainties. Therefore, the actual events and circumstances may differ materially from these statements. Subject to mandatory provisions of law, the company has no obligation and undertakes no obligation to publicly update or revise any of these statements to correctly reflect, subsequently to this release, the actual events and circumstances.