September 20 (SeeNews) - Luxembourg-based Rucio Investment has increased its stake in Slovenian software developer Datalab Tehnologije [LJE:DATG] to 85% from 70.5% after successfully completing a buyout bid earlier this month, Datalab said.
"After the takeover, the acquirer together with the persons with whom they work in coordination within the meaning of Article 8 of the Act on Takeovers own a total of 1,867,029 shares with the DATG symbol, which represents an 85% stake in the share capital of Datalab Tehnologije," the software developer said in a filing with the Ljubljana Stock Exchange on Tuesday.
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The Slovenian Securities Market Agency concluded that the takeover offer was successful as the acquirers exceeded the threshold of 80% of all issued Datalab shares on August 18, Datalab said. The takeover offer was accepted by 81 shareholders for a total of 322,993 shares, which represents 14.75% of all Datalab shares.
Rucio Investment which controlled 1,544,036 shares of Datalab's equity capital, proposed on August 3 to buy the remaining 645,848 shares at a price of 11 euro ($11.75) apiece. The buyout bid expired on September 7.
Datalab Tehnologije's capital is divided into 2,189,884 ordinary shares with a total market capitalisation of 23.65 million euro. The Slovenian company develops business software and provides consultancy services and professional training. Datalab Tehnologije's Pantheon business IT system enables small to midsize companies to monitor and optimize business processes.
($ = 0.93641 euro)