ANEVIA (EPA:ALANV) ANEVIA ACQUIRES VIDEO COMPRESSION EXPERT KEEPIXO SAS

Transparency directive : regulatory news

05/03/2018 08:30

PRESS RELEASE

GENTILLY,
3/5/2018

            ANEVIA ACQUIRES VIDEO COMPRESSION EXPERT KEEPIXO SAS

* Creating a turnkey solution for operators and TV broadcasters, covering
  encoding, transcoding, packaging and storage;
* Expanding in the video encoding market;
* Benefiting from a whole raft of identified operating synergies;
* Acquisition wholly paid for in new ANEVIA shares.

Anevia, a leading provider in OTT and IPTV software solutions, has announced an
agreement to acquire 100% of the share capital in French company, Keepixo.

Keepixo is a spin-off of Grenoble-based video coding expert, Allegro DVT,
specialising in the development of video compression software for TV operators,
to enable live or near-live broadcasts for multi-screen TV. Keepixo's solutions
have been sold to more than 150 clients worldwide, including 40 Tier-1
operators. In 2017, Keepixo recorded sales of EUR0.9m and had 14 employees,
most of whom based in Grenoble.

The acquisition will enable Anevia to offer operators and broadcasters a new,
end-to-end encoding, transcoding, storage and packaging solution that will
notably comply with new quality standards, such as 4K and HDR.

A whole raft of potential synergies has now been identified as a result of this
tie-up, notably including:

- An enhanced product portfolio, adding video compression software to the
  existing catalogue, with a view to providing a turnkey solution;

- Larger teams, with the addition of 14 new employees, of which 10 engineers
  sharing a similar software architecture design and company culture to those
  of Anevia;

- Increased market potential, with:

o A comprehensive and competitive solution with which to address the Tier-2
   and Tier-3 operators market, in which cost concerns take precedence over
   so-called 'Best of Breed' technologies;
o The development of a transcoding solution for local network headends for the
   enterprises market;

- Combined technological expertise, allowing the two companies to:
o Share technical skills, notably in packaging and low latency broadcasting
   technologies;
o Pooling Keepixo's expertise in audio/video compression (HEVC, 4K and HDR)
   and low latency packaging with that of Anevia in network architecture and
   video solution integration;
o Sharing Quality Assurance methods and processes;
o Combining R&D resources;
o Sharing project and support/operations-related resources.

The acquisition is to be fully funded via an exchange of shares, in which new
Anevia shares will be issued and exchanged for Keepixo shares under an in-kind
contribution agreement.

                                  -Ends-

Notes to Editors:

TERMS OF THE TRANSACTION

Anevia's Executive Board having approved the transaction, a Contribution and
Exchange Agreement was subsequently signed between Anevia and Keepixo
shareholders. Serge Godard was appointed shares auditor and tasked with writing
a report on the value of the in-kind contribution and on the remuneration of
the shares contributed (and on the equitable nature of the exchange ratio).

Under the Contribution and Exchange agreement, the in-kind contribution from
Keepixo is to be remunerated via the issuance of 307,200 new Anevia shares at a
unit price of EUR2.63(1), consisting of a par value of EUR0.05 and a
contribution premium of EUR2.58 per unit, thereby valuing Keepixo at
EUR807,936.

Final completion of the transaction will be subject to the removal of all the
usual conditions precedent and to the shareholders' vote at the Extraordinary
General Meeting, which has been convened, on first notice, on April 12, 2018.

The new shares will be subject to a request for admission to trading on the
Euronext Growth market in Paris, under the same ticker as existing Anevia
shares. Subject to the AGM's approval of the in-kind contribution, and as a
result of the transaction, Anevia's share capital will come toEUR192,979.60
divided into 3,859,592 shares. The 307,200 new Anevia shares will therefore
account for 7.96% of Anevia's share capital and 5.77% of its voting rights.

Provisional acquisition timetable

Notice of the meeting published in BALO (French
Mandatory Legal Notices Bulletin)                 3/7/2018
Convening notice of EGM                          3/26/2018
Extraordinary General Meeting                    4/12/2018
Settlement and delivery of new shares            4/16/2018

Impact on current shareholders' equity

The issuance of 307,200 new Anevia shares would have the following impact on
shareholders owning 1%, 5% and 10% of the Company's share capital prior to the
agreement (calculation based on the number of shares comprising the company's
share capital on the date of this press release):

(1) This figure equates to the average price of Anevia shares over the 20
trading sessions prior to December 4, 2017, the date on which the parties
decided on the acquisition price.

                                             Share of equity (%)
Prior to the
issue of
307,200 new shares ......................    10 %     5 %     1 %
Subsequent to
the issue of
307,200 new shares ......................  9.20 %  4.60 %  0.92 %

About ANEVIA

Anevia is a leading OTT and IPTV software vendor that specialises in delivering
innovative solutions for live TV, near-live, video on demand (VOD) and
multi-screen. Anevia was founded in 2003 by the developers of the well-known
VLC media player, and since then the company has pioneered unique solutions
across several fields, including cloud DVR and multi-screen. Anevia's mission
is to deliver innovative technologies that enable viewers to enjoy a
next-generation TV experience - wherever, whenever and on every screen.
Anevia's solutions have been adopted by globally-renowned TV broadcasters,
telecommunication and pay-TV operators, video service providers and many
private and public companies. Anevia is headquartered in France, with regional
offices in the USA and Dubai. Anevia is listed on the Paris Euronext Growth
market. For more information please visit www.anevia.com.

About KEEPIXO

Video compression expert Keepixo develops and sells software solutions for
distributing audio- visual content in IPTV and OTT (over-the-top) mode.
Keepixo's solutions enable video compression and the conversion of audio/video
data into the formats and protocols required for Internet routing in IPTV and
OTT TV mode (OTT packaging). Keepixo offers a broad range of products,
including video encoders and transcoders for live and VOD broadcasting, mosaic
TV channel generators and live-to-VOD recording solutions for catch-up TV
services. For more information please visit www.keepixo.com.

Contacts

ANEVIA
Sabine de Leissègues
Marketing & Communications Director
Tel: +33 1 81 94 50 95
Email: investisseurs@anevia.com

ACTIFIN
Alexandre Commerot
Isabelle Dray (press relations)
Tel: +33 1 56 88 11 11
Email: acommerot/idray@actifin.fr

Name: ANEVIA
ISIN Code: FR0011910652
Ticker symbol: ALANV
Number of shares comprising the share capital: 3,551,218

DISCLAIMER

This press release contains non-factual information including, notably but not
exclusively, some forward-looking statements about future results and other
planned events. These statements are based on the current outlook taken, and
assumptions made, by the Company's management. These take into account both
known and unknown risks and uncertainties that could potentially lead to
significant differences in terms of earnings, profitability and planned events.
Furthermore, the accuracy of the statistics and provisional information
provided by, or derived from, industry publications or third party sources and
contained in this press release has neither been verified, nor is the subject
of any announcements or guarantees made, by Anevia or its shareholders and
affiliates, directors, executives and advisors, or employees: such provisional
statistics and information are included in this press release for information
purposes only. Finally, the present press release may be drafted in French and
English. In the event of discrepancies between the two publications, the
French-language version shall take precedence.

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