The admission of the shares Axway Software, the software publishing arm of Sopra Group, will take place June 14 on NYSE Euronext.
The technical reference price of the securities, which will be used for setting thresholds for reservation at the opening, will be published in a notice from June 13
In the meantime, shareholders of Sopra will be expected to meet June 8 in order to decide on a proposed special distribution of premiums and reserves of 3.92 euros a share and per share Axway Software Sopra Group.
Last week, the board of directors of Sopra Group approved the assessment of 100% equity Axway Software at $ 300 million.
The General Assembly of the software houses will be asked to approve this distribution on the basis of this assessment, bearing in mind that Sopra Group shall retain approximately 26.5% of the capital of Axway. Under these conditions, the distribution of shares Axway Software represent a total of approximately 220.5 million euros.
For the record, Axway Software includes the publishing business management software interaction networks Sopra professionals.
The technical reference price of the securities, which will be used for setting thresholds for reservation at the opening, will be published in a notice from June 13
In the meantime, shareholders of Sopra will be expected to meet June 8 in order to decide on a proposed special distribution of premiums and reserves of 3.92 euros a share and per share Axway Software Sopra Group.
Last week, the board of directors of Sopra Group approved the assessment of 100% equity Axway Software at $ 300 million.
The General Assembly of the software houses will be asked to approve this distribution on the basis of this assessment, bearing in mind that Sopra Group shall retain approximately 26.5% of the capital of Axway. Under these conditions, the distribution of shares Axway Software represent a total of approximately 220.5 million euros.
For the record, Axway Software includes the publishing business management software interaction networks Sopra professionals.