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Article: Orc Software: Report from the Directors' Meeting.
- Article from:
- Business Wire
- Article date:
- February 1, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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STOCKHOLM, Sweden -- Today, February 1, 2006, the directors of Orc Software (STO:ORC) decided to transfer 513,500 own shares and to issue 352,282 new shares to the shareholders of Cameron Systems (VIC) Pty Ltd. Through the transfer of the shares and a cash payment, Orc Software completed its acquisition of Cameron Systems (VIC) Pty Ltd and Cameron Fix IP Pty Ltd.
On December 28, 2005, Orc Software entered into an agreement with the shareholders of the Australian companies Cameron Systems (VIC) Pty Ltd and Cameron Fix IP Pty Ltd regarding the transfer of all shares in these companies to Orc Software. According to the share purchase agreement, the consideration for ...