Brief: Aqua Bio Technology Acquires Cover Brands

Aqua Bio Technology ASA

19/12/2023 14:04

Dec 19 (Reuters) - Aqua Bio Technology ASA  ABTEC.OL :
    * AQUA BIO TECHNOLOGY ASA: ACQUISITION OF COVER BRANDS
SECURES
SIGNIFICANT REVENUE STREAM AND 150K E-CUSTOMERS IN LINE WITH
ABT'S GROWTH STRATEGY
    * PURCHASE PRICE OF NOK 16.5 MILLION
    * PRICE WILL BE SETTLED THROUGH COMPANY ISSUING 6,000,000
CONSIDERATION SHARES
    * AT A SUBSCRIPTION PRICE OF NOK 2.75 PER CONSIDERATION
SHARE
    * CONSUMMATION OF ACQUISITION OF COVERBRANDS EXPECTED TO
OCCUR NO
LATER THAN 22 DEC 2023

Source text for Eikon:  ID:nObilXHw5a 
Further company coverage:  ABTEC.OL 

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