The Board of BigBen Interactive (ENXTPA:BIG) announced the spin off of 5.4% of stake in Nacon S.A. (ENXTPA:NACON) on June 17, 2022. Along with this BigBen is also issuing the cash dividend of Ç0.30 per share and - a distribution in kind in the form of Nacon shares at the rate of one (1) Nacon share for every four (4) BBI shares held. This distribution in kind of Nacon shares will be paid on 29 July 2022. Following this transaction, BBI will retain 56,575,0501 Nacon shares, representing approximately 65.54% of the share capital and 75.12% of the voting rights. As on July 22, 2022, The transaction is approved by the shareholders of BigBen. The transaction is subject to Shareholders of BigBen. The record date of transaction is July 26, 2022. The transaction is expected to close on July 29, 2022.
The Board of BigBen Interactive (ENXTPA:BIG) completed the spin off of 5.4% of stake in Nacon S.A. (ENXTPA:NACON) on July 29, 2022.