May 10, 2019 / 3:44 PM / 2 months ago

BRIEF-Mobilezone Takes Over SH Telekommunikation Deutschland

May 10 (Reuters) - MOBILEZONE HOLDING AG:

* TAKES OVER SH TELEKOMMUNIKATION DEUTSCHLAND GMBH

* PURCHASE PRICE CONSISTS OF BASIC PURCHASE PRICE IN CASH, EQUITY COMPONENT OF SAME AMOUNT OF 4'466'376 IN MOBILEZONE SHARES, AND EARN-OUT COMPONENT OF EUR 3 MILLION

* SELLERS OF SH SIGNED LOCK-UP AGREEMENT AND WILL KEEP 50% OF SHARES FOR TWO YEARS AND FURTHER 50 % FOR THREE YEARS Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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