Edison Investment Research - 4iG (4IG) 4iG - CEO doubles down on 4iG

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Edison Investment Research

Richard Williamson

4iG - CEO doubles down on 4iG

4iG has announced that GellÃ©rt JÃ¡szai (4iG chairman and CEO) has acquired the combined 22.3% equity stakes (excluding treasury shares) held by Konzum PE and Opus Global, entities controlled by LÅ‘rinc MÃ©szÃ¡ros. This takes Mr JÃ¡szaiâ€™s equity stake in 4iG to 63.9% of the total voting rights. We considered these holdings to represent a related party in our initiation report, so in many respects this change in ownership does not reflect any change in control, but rather highlights Mr JÃ¡szaiâ€™s long-term strategic commitment to 4iG as a vehicle for growth. As a result of the transaction, Mr MÃ©szÃ¡ros no longer holds an equity stake in 4iG and were there to have been any residual political exposure from his shareholding, that risk has now been removed. The free float remains 36.1% (excluding treasury shares).

02/07/2020 4 EN

Underlying

4iG

4iG Nyrt, formerly Freesoft Szoftverfejleszto es Szamitatechnikai Szolgaltato Nyrt is a Hungary-based company engaged in providing software products and consultancy. The Company's activities include development and implementation of specific, custom-made software systems, document management, knowledge management, portal and collaboration applications, complex services for business needs in the areas of implementation, support and consultation, intranet- and Internet-based development, services, graphical and creative design, and consultation, design, development and implementation of mobile business applications, as well as operation, support, outsourcing, application service provision (ASP), application portfolio management (APM), hosting and other services. The Company has three subsidiaries: Axis Consuling 2000 Kft, BankSoft Kft and HUMANsoft Kft.

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HU0000071030 Hungary

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Richard Williamson

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4iG - CEO doubles down on 4iG

4IG: 2 directors

4iG - Executing at pace on its five-year plan

The Rear-View Mirror – EME markets: Polish WIG20 and Hungarian BUX add 11.4% in May, on higher volumes

Information Services Corporation - Strong underlying growth, guidance reiterated

PVA TePla - Material matters

Zalaris - Continuing contract momentum in FY24

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