Set-off issue for the acquisition of Hot Bath B.V.

Booking.com

As part of the acquisition of Hot Bath B.V. the board has today, based on its authorization, resolved upon an issue of new shares of series B corresponding to 3.5 million euros to the sellers. The subscription price corresponds to a volume weighted average price of the Company´s shares of series B, during the period 26 April – 27 May 2019 (exclusive of the 2018 dividend) converted to euros in accordance with an agreed exchange rate. Subscription must take place between 29 – 31 May 2019 when payment shall be made through set-off against debts comprising 3.5 million euros.  

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Source: Set-off issue for the acquisition of Hot Bath B.V.

Booking.com

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