Brief: Papilly Agrees To Acquire Bonzun Health Information

Acenta AB

07/06/2021 08:58

June 7 (Reuters) - Papilly AB (publ)  PAPI.ST :
    * AGREES TO ACQUIRE  BONZUN HEALTH INFORMATION AB
    * TRANSACTION IS EXPECTED TO BE COMPLETED DURING H2 2021
    * ACQUISITION THROUGH DIRECTED ISSUE IN KIND
    * ACQUIRES ALL SHARES IN BONZUN THROUGH A DIRECTED ISSUE IN
KIND
OF 1,099,086,469 NEW SHARES IN PAPILLY, WHICH CORRESPONDS TO 65%
OF SHARES IN PAPILLY AFTER ISSUE
    * SUBSCRIPTION PRICE SEK 0.10 PER SHARE
    * IN CONNECTION WITH TRANSACTION PAPILLY TO CHANGE NAME TO 
BONZUN
AB (PUBL)
    * IF DEAL IS NOT COMPLETED BY OCTOBER 31, 2021, PARTIES HAVE
RIGHT
TO WITHDRAW FROM TRANSFER AGREEMENT AND NOT COMPLETE TRANSACTION

Source text for Eikon:  ID:nBQN3jJBNX 
Further company coverage:  PAPI.ST 

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