Agile Content, S.A. announced that it expects to receive €5 million in funding from Inveready Asset Management, S.G.E.I.C., S.A., Andbank Wealth Management SGIIC S.A.U., GVC Gaesco Valores S.V. S.A.
May 15, 2019
Share
Agile Content, S.A. (BME:AGIL) announced a private placement of 2,777,778 shares at a price of €1.8 per share for gross proceeds of €5,000,000 on May 16, 2019. The shares have nominal value of €0.1 per shares and are issued at a premium of €1.7 per share. The transaction will include participation from institutional investors for 20% to 30% of round including Andbank Wealth Management SGIIC S.A.U., GVC Gaesco Valores S.V. S.A., and returning investor Inveready Asset Management, S.G.E.I.C., S.A., family offices linked to the audiovisual business and retail investors. Inveready Asset Management, S.G.E.I.C., S.A. may cover up to 50% of the transaction if necessary. The transaction will be carried with preferential subscription rights. The transaction has been approved by the board of directors of the company and is subject to approval of shareholders in a meeting to be held on June 17, 2019. The transaction is expected to close before the month of August 2019.
Agile Content SA is a Spain-based company primarily engaged in the provision of information technology (IT) services. The Company focuses on the development, distribution and promotion of IT platforms used in the production and editing of audiovisual, online and digital content, as well as in the provision of Web content management (WCM) services. Its solutions range comprises services and tools for audience resource management, multimedia editorial systems, smart publishing systems, smart delivery systems, and rich media experience, among others. The Companyâs customers include RBS Group, RTVE, el Periodico, Estadao, and el Universal, among others. Moreover, the Company has operation established in a number of regions, such as Latin America, North America, Europe, the Middle East and Asia.
Agile Content, S.A. announced that it expects to receive €5 million in funding from Inveready Asset Management, S.G.E.I.C., S.A., Andbank Wealth Management SGIIC S.A.U., GVC Gaesco Valores S.V. S.A.
AGILE CONTENT, S.A. 
