Brief: Hiddn Solutions Enters Binding Agreement To Buy Energos Group

Arribatec ASA

16/05/2019 15:30

May 16 (Reuters) - Hiddn Solutions ASA  HIDDNS.OL :
    * HAS ENTERED INTO BINDING AGREEMENT TO ACQUIRE ENERGOS
GROUP AS
    * TRANSACTION IS STRUCTURED AS AN ACQUISITION BY COMPANY OF
100%
OF OUTSTANDING SHARES IN ENERGOS FROM CURRENT OWNERS DAIMYO AS,
MACKE INVEST AS AND TEMPUS INVEST AS
    * IT IS AGREED THAT COMPANY'S CONSIDERATION FOR ENERGOS
SHALL BE
FULLY SETTLED BY ISSUANCE OF CONSIDERATION SHARES IN COMPANY TO
SELLERS
    * FOLLOWING COMPLETION OF TRANSACTION AND ISSUANCE OF
CONSIDERATION SHARES, SELLERS WILL OWN ABOUT 78,5% OF SHARES IN
CO ON FULLY DILUTED BASIS

Source text for Eikon:  ID:nWkr7HjtJN 
Further company coverage:  HIDDNS.OL 

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