Investor Relations
Extraordinary Announcement of 4iG Plc.
On concluding an Investment and Shareholders’ Agreement
4iG Public Limited Company (referred to
as: “4iG”) hereby informs the participants of the capital market that today,
4iG’s wholly owned subsidiary 4iG Space and Technology Private Limited Company
(registered office: HU-1013 Budapest, Krisztina körút 39.; company registration
number: Cg. 01-10-142725; hereinafter referred to as: ”S&T“) has entered
into an Investment and Shareholders’ Agreement with Space Oddity Korlátolt
Felelősségű Társaság (registered office: HU-1022 Budapest, Árvácska u. 6.;
company registration number: Cg. 01-09-340991; hereinafter referred to as:
“Space Oddity”) to acquire a block of shares representing 45% of the issued
ordinary shares of REMRED Technology Development Private Company Limited by
Shares (registered office: HU-1121 Budapest, Konkoly-Thege Miklós út 29-33.;
company registration number: Cg. 01-10-142448; hereinafter referred to as:
“Remred”) by way of a capital increase (hereinafter referred to as:
“Investment”).
The Investment will be implemented by S&T investing a total amount of EUR 25,000,000, - in Remred by way of a contribution in cash through a two-phased capital increaseby share premium. Through the capital increase by share premium, S&T's shareholding will already reach 45% of Remred's issued share capital in Phase 1. During Phase 2, one part of the cash contribution will be transferred to the capital surplus. The deadline for the investment in Phase 2 is 31 January 2025 at the latest.
Remred is a Hungarian company which operates in the field of space industry, with almost 50 years of experience and expertise in space engineering and which is a partner and supplier to the world's leading space agencies, such as the European Space Agency (ESA), NASA and the Japanese Space Agency (JAXA). Remred is preparing to build a space technology centre, which – due to its modular technology and design, which is unique in Europe – will be suitable for assembling satellites weighing up to 400 kg. The acquisition will allow the 4iG Group to further strengthen its global presence in the satellite market and, with the realisation of the planned space technology centre, the Group will soon be able to enter the international manufacturing market.
The previously published extraordinary announcement and press release on the Investment are available at the following links:
https://4ig.hu/ur-es-technologiai-portfolio-sajtokozlemeny
Budapest, 02 May 2024
4iG Plc.