REUTERS – December 1, 2015
http://www.reuters.com/article/2015/12/01/idUSL8N13Q0NR20151201#5qAIyuBHIgfzUT4A.97
BRIEF-Marco Gay to subscribe 1.45 mln euro Digital Magics capital increase
Dec 1 Digital Magics SpA :
* Said on Monday that it will propose by 60 days from Nov. 30 a capital increase without option rights for the value of up to 1.45 million euros ($1.53 million), to be fully subscribed by Marco Gay, owner of 55 pct of vehicle company WebWorking Srl
* Up to 500,000 euros of the capital increase to be subscribed by WebWorking Srl and to be paid via cash
* Up to 650,000 euros of the capital increase to be paid via the integration of a WebWorking unit into Digital Magics
* Up to 300,000 euros of the capital increase to be paid via the disposal in favour of Digital Magics of a 20 percent stake in startup AD2014 Srl
* After the capital increase, Marco Gay will own about 5 percent of Digital Magics
* Board to propose Marco Gay as member of the board
Source text for Eikon:
Further company coverage:
($1 = 0.9446 euros) (Gdynia Newsroom)
