On 29 December 2016, Vipera plc (LON:VIP) announced a reorganisation of its customer delivery organisation. The Company has today reported the completion of the first stage of this: the acquisition of a further 7.12% of the issued share capital of Codd & Date srl. Following this, the Company now holds 58.12% of the issued share capital of Codd & Date srl.
Pursuant to this:
· 1,929,560 new ordinary shares in the Company have been issued today to the vendor, Mag14 srl (the “New Ordinary Shares”).
· Mag14 srl has also acquired from the liquidator of Ammiro Y2K srl, a further 6,375,000 ordinary shares in Vipera plc, and has acquired 1,390,440 ordinary shares in Vipera plc from other minority shareholders in Codd & Date srl who are increasing their shareholdings in that subsidiary.
· As outlined in the announcement on 29 December 2016, Mauro Duca has contracted to dispose of 565,445 Ordinary Shares to Mag14 (“Mag14 Disposal”), and to be issued 4,473,339 new ordinary shares and 1,000,000 warrants as consideration for the acquisition by Vipera of his holding in NewCo (the “NewCo Consideration”): the acquisition of further shares will arise later as further steps in the reorganisation are executed and admission of these shares will be announced in due course.
Vipera Plc a cutting edge Mobile Financial Services and Digital Customer Engagement Solutions provider, serves financial institutions and retailers worldwide with differentiated mobile banking, card management and customer engagement capabilities based around its proprietary bank grade multi-purpose platform, Motif. Additionally, it provides consultancy and other services to banks and financial institutions.