Brief: Airway Medix Signs Letter Of Intent With BICI Solutions On Creating Partnership Agreement

Adiuvo Investments SA W Restrukturyzacji

20/06/2022 07:06

June 20 (Reuters) - Airway Medix SA  AWM.WA :
    * SAID ON FRIDAY IT HAS SIGNED NON-BINDING LETTER OF INTENT
ON
INVOLVEMENT OF BICI SOLUTIONS IN OPERATIONAL MANAGEMENT AND
DEVELOPMENT OF COMPANY
    * UNDER LETTER OF INTENT PARTIES HAVE STARTED TO WORK ON
LEGAL
DOCUMENTATION FOR CREATING LONG-TERM PARTNERSHIP AGREEMENT
    * THE PARTNERSHIP AGREEMENT WILL FORMALISE THE INTENTION
EXPRESSED
IN THE LOI AND THE INITIAL SERVICE AGREEMENT, THAT BICI
SOLUTIONS SHOULD TAKE OVER, WITH ITS OWN FUNDS AND THROUGH
PARTNERSHIP WITH THIRD PARTIES AND PERSONS, THE DAILY
OPERATIONAL MANAGEMENT OF COMPANY'S ACTIVITIES, BRINGING THE
NECESSARY INTERNATIONAL COMPETENCES, PERSONNEL CHANGES, GLOBAL
ECOSYSTEM AND CAPITAL TO THE GROUP
    * INTENTION OF PARTIES IS ALSO FOR BICI TO ACQUIRE
SIGNIFICANT
CAPITAL POSITION IN COMPANY
    * AS A RESULT, AIRWAY MEDIX WILL TRANSFORM INTO A COMPANY
CAPABLE
OF HANDLING GLOBAL SALES AND MARKETING
    * CURRENTLY BICI SOLUTIONS SUPPORTS DAILY TALKS WITH
STRATEGIC
PARTNER IN THE DUE DILIGENCE PROCESS REGARDING SELLING CSS
PROJECT


        
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM8hWNPJa
 Further company coverage:  AWM.WA  

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