Brief: Patientsky Says Entered Into A Share Purchase Agreement With Eg Norge To Divest Its Saas And App Business

Codelab Capital AS

05/03/2023 22:05

March 5 (Reuters) - Patientsky Group AS  PSKY.OL :
    * PATIENTSKY AGREES TO DIVEST ITS SAAS AND APP BUSINESS
    * PATIENTSKY- AS CONSIDERATION FOR SHARES RELATED TO
PATIENTSKY
SAAS NORWAY, PATIENTSKY GROUP WILL RECEIVE BETWEEN NOK 850
MILLION AND NOK 900 MILLION IN CASH
    * PATIENTSKY- TRANSACTION MEANS THAT CO WILL SELL MAJORITY
OF ITS
BUSINESS AND ASSETS, INCLUDING PATIENTSKY SAAS EHR SOFTWARE AND
PATIENTSKY APP
    * PATIENTSKY- CO CONTEMPLATES TO USE PARTS OF PROCEEDS FROM
TRANSACTION TO - IN DUE TIME - TO CALL AND REPAY LOAN WITH
PRINCIPAL AMOUNT OF NOK 225 MILLION
    * PATIENTSKY -THROUGH  SUBSIDIARY PATIENTSKY HAS, ENTERED
INTO A
SHARE PURCHASE AGREEMENT WITH EG NORGE AS, A WHOLLY-OWNED
SUBSIDIARY OF EG DENMARK A/S
    * PATIENTSKY- AFTER COMPLETION OF TRANSACTION, REPAYMENT OF
BOND
LOAN, CO ESTIMATES THAT IT WILL HAVE APPROX BETWEEN NOK 650
MILLION TO NOK 700 MILLION IN CASH
    * TRANSACTION IS EXPECTED TO BE COMPLETED DURING Q2 2023.
    * PATIENTSKY GROUP WILL REMAIN LISTED ON EURONEXT GROWTH
AFTER
COMPLETION OF SALE.

Source text for Eikon:  ID:nObibRBmGa 
Further company coverage:  PSKY.OL 

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