(Alliance News) - Doxee Spa announced Friday that its Austrian subsidiary Doxee CEE GmbH, which already owns 90 percent of Infinica GmbH, has exercised the first tranche--equal to 5 percent--of its option to purchase the remaining 10 percent of Infinica's share capital remaining held by Herbert Liebl, managing director and chief executive officer of the acquired company, for a consideration of approximately EUR1.1 million.

The remaining 5 percent of Infinica's share capital, which remains in the hands of Herbert Liebl, is subject to a put-and-call option agreement to be exercised in 2026, for a maximum value of an additional EUR3.9 million.

The purchase, the company specifies in a note, "will be made on the basis of a price defined using a calculation formula depending on the growth of turnover related to the development of Infinica's products and services in certain markets."

Doxee's stock on Monday closed up 1.4 percent at EUR7.20 per share.

By Chiara Bruschi, Alliance News reporter

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