Brief: Papilly Enters LoI Regarding Acquisition Of Bonzun Health Information Through Directed Issue In Kind

Acenta AB

19/04/2021 07:11

April 19 (Reuters) - Papilly AB  PAPI.ST :
    * SAID ON FRIDAY CO ENTERS LETTER OF INTENT REGARDING
ACQUISITION
OF BONZUN HEALTH INFORMATION AB THROUGH DIRECTED ISSUE IN KIND
    * NON-BINDING LOI WITH OWNERS OF ABOUT 60% OF SHARES IN
BONZUN
REGARDING ACQUISITION OF ALL SHARES IN BONZUN THROUGH ISSUE IN
KIND
    * PAPILLY INTENDS IN CONNECTION WITH THE TRANSACTION TO
CHANGE
NAME TO BONZUN AB (PUBL)
    * TO ACQUIRE ALL SHARES IN BONZUN THROUGH DIRECTED ISSUE IN
KIND
OF 1,099,086,469 NEW SHARES IN CO, WHICH REPRESENTS 65% OF
SHARES IN PAPILLY AFTER TRANSACTION
    * SUBSCRIPTION PRICE TO AMOUNT TO ABOUT SEK 0.10 PER SHARE
    * IN TRANSACTION BONZUN IS VALUED AT SEK 110 MLN AND PAPILLY
AT
ABOUT SEK 60 MLN
    * INTENTION IS THAT PAPILLY'S SHARES ARE STILL LISTED ON
NASDAQ
FIRST NORTH GROWTH MARKET AFTER TRANSACTION
    * LOI IS VALID UNTIL MAY 31, 2021 AND THEN EXPIRES IF NO
FINAL
TRANSFER AGREEMENT IS ENTERED BETWEEN THE PARTIES

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBQNj5rc
    
 Further company coverage:  PAPI.ST  
   


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