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CARE UR - Camanio Care AB (publ) News Story

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Last Trade - 14/11/18

Sector
Size
Market Cap £n/a
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 1785

BRIEF-Brighter Intends To Acquire Camanio Care's Subsidiary And Sell Its Holding In Camanio Care

Sun 8th September, 2019 4:17pm
Sept 8 (Reuters) - Brighter Ab (Publ)  BRIG.ST :
    * BRIGHTER INTENDS TO ACQUIRE CAMANIO CARE'S SUBSIDIARY AND
SELL
ITS HOLDING IN CAMANIO CARE.
    * BRIGHTER - BRIGHTER AB HAS SIGNED A LETTER OF INTENT WITH
CAMANIO CARE REGARDING ACQUISITION OF ALL SHARES IN CAMANIO
CARE'S SUBSIDIARY
    * BRIGHTER-PURCHASE PRICE WILL BE PAID BY CO THROUGH A
NON-CASH
ISSUE DIRECTED TO CAMANIO AND TRANSFERS ALL SHARES IN ITS
SUBSIDIARY TO BRIGHTER
    * BRIGHTER - A PREREQUISITE FOR ACQUISITION IS THAT CAMANIO
CARE'S
ASSETS AND LIABILITIES HAVE BEEN TRANSFERRED TO CAMANIO CARE'S
SUBSIDIARY
    * BRIGHTER - VALUE OF TOTAL NUMBER OF SHARES PLANNED TO BE
ISSUED
BY BRIGHTER IN RIGHTS ISSUE WILL CORRESPOND TO VALUE OF CAMANIO
CARE'S SUBSIDIARY
    * BRIGHTER SAYS CAMANIO CARE HAS NOT HAD BEST CONDITIONS AS
A
PUBLIC COMPANY, BUT WE ARE CONFIDENT THAT COMPANY'S PRODUCT
PORTFOLIO HAS A BRIGHT FUTURE
    * BRIGHTER SAYS CAMANIO OPERATIONS WILL BE COMPLETELY
INDEPENDENT
IN FORM OF A SEPARATE SUBSIDIARY WITH ITS OWN MANAGEMENT AND
BOARD
    * BRIGHTER - IN PARALLEL TO CO'S PLANNED ACQUISITION OF
CAMANIO
CARE'S SUBSIDIARY, BRIGHTER INTENDS TO SELL ALL ITS SHARES AND
WARRANTS IN CAMANIO CARE
    * COMPANY WILL CONTINUE TO BE PUBLIC, BUT IT WILL BE RENAMED
AND
HAVE A COMPLETELY NEW BUSINESS ORIENTATION

Source text for Eikon:  ID:nWkr5phjH3 
Further company coverage:  BRIG.ST 

 ((Reuters.Briefs@thomsonreuters.com;))

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