Brief: AqualisBraemar LOC Acquires Renewables Consultancy

Aqualis ASA

19/02/2021 06:10

Feb 19 (Reuters) - Aqualisbraemar Loc ASA  AQUA.OL :
    * AQUALISBRAEMAR LOC ACQUIRES RENEWABLES CONSULTANCY
    * AQUALISBRAEMAR LOC ACQUIRES RENEWABLES CONSULTANCY
    * HAS ENTERED INTO A DEFINITIVE AGREEMENT FOR ACQUISITION OF
100%
OF SHARE CAPITAL OF EAST POINT GEO LTD ("EAST POINT GEO")
    * TRANSACTION VALUES EAST POINT GEO AT AN ENTERPRISE VALUE
OF GBP
750,000
    * PURCHASE PRICE WILL BE SETTLED WITH A COMBINATION OF CASH,
SELLERS' CREDIT AND UP TO 664,083 SHARES IN AQUALISBRAEMAR LOC
    * SETTLEMENT OF CONSIDERATION SHARES WILL TAKE PLACE 3 TO 7
YEARS
AFTER CLOSING OF TRANSACTION, SUBJECT INTER ALIA TO SELLERS'
CONTINUED EMPLOYMENT IN AQUALISBRAEMAR LOC.
    * TRANSACTION IS PLANNED TO CLOSE DURING FEBRUARY 2021.

Source text for Eikon:  ID:nObi0MJTja 
Further company coverage:  AQUA.OL 

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