PrimeTel EGM approves bid for Spidernet

The Extraordinary General Meeting of shareholders of PrimeTel (PTL) approved unanimously a Board proposal to seek full control of Spidernet (SNET) by offering 3 new PTL shares for every 4 SNET shares and then issue 1:6 warrants in a deal valued by Financial Mirror at EUR 12 mln.
The EGM, at which 91.65% of shareholder votes were present approved the proposal to issue up to 33.8 mln new shares to offer to SNET shareholders.