R&S Retail Group NV (ENXTAM:RNS) exercised the option to acquire Brantano N.V. from Rens van de Schoor, Dieter Penninckx and the Torfs family on September 14, 2016. As part of consideration, R&S Retail Group agreed to issue class A shares in R&S Retail Group to the selling shareholders. R&S Retail plans to invest €50 million in renovating 100 Brantano stores. The transaction received approval from the shareholders of R&S Retail Group on September 8, 2016. R&S Retail Group NV (ENXTAM:RNS) completed the acquisition of Brantano N.V. from Rens van de Schoor, Dieter Penninckx and the Torfs family for €7 million on September 14, 2016. As of October 12, 2016, R&S Retail issued 20.13 million shares. In addition, 15.63 million shares were issued to pay for the €0.025 million receivable. The loan has to be repaid in full by the group company at January 12, 2021. This loan was transferred by Brantnew, holding company of Brantano, to R&S Retail.