Brief: Aventura Enters Into LOI Regarding Acquisition Of Suntrade

Aventura AB

08/09/2023 14:09

Sept 8 (Reuters) - Aventura Group AB  AVENTb.ST :
    * HAS ENTERED INTO LOI REGARDING AVENTURA'S ACQUISITION OF
ALL
SHARES IN SUNTRADE AT INDICATIVE PURCHASE PRICE OF SEK 40.0
MILLION
    * LETTER OF INTENT FOR REVERSE ACQUISITION OF SUNTRADE
    * PURCHASE PRICE TO BE PAID VIA DIRECTED SHARE ISSUE OF 6.0
NEW A
SHARES, 12.7 MILLION NEW B SHARES IN AVENTURA
    * PROVIDED THAT CONDITIONS ARE MET, TRANSACTION IS EXPECTED
TO BE
COMPLETED DURING Q4 2023
    * SHARES TO BE ISSUED AT PRICE SEK 1.50 PER SHARE,
CORRESPONDING
TO SEK 28.0 MILLION
    * REMAINING PART OF PURCHASE PRICE TO BE PAID VIA PROMISSORY
NOTE
OF SEK 12.0 MILLION
    * NEW SHARE ISSUE IMPLIES DILUTION OF ABOUT 84.9%

Source text for Eikon:  ID:nMFN6k5cCl 
Further company coverage:  AVENTb.ST 

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