REG - Craven House Capital - Investee company update: Bio Vitos

Craven House CapitalAnnouncement

29/08/2023 13:45

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RNS Number : 6914K  Craven House Capital PLC  29 August 2023

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION
(EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE
OF THE EU (WITHDRAWAL) ACT 2018.

Craven House Capital plc

("Craven House" or the "Company")

Investee company update: Bio Vitos

Further to the announcement of 3 July 2023 at 01:32pm Craven House announces
that the transaction between its investee company, Bio Vitos, and Hemcheck
Sweden AB ("Hemcheck") has received conditional approval from Nasdaq
Stockholm. Bio Vitos will now proceed to completion of the transaction which
is anticipated during September 2023. Upon completion  Bio Vitos will  own
259,654,000 shares in Hemcheck. This amounts to  88.3% of Hemcheck's share
capital.

 Craven House's holding in Bio Vitos will remain unchanged.

The full text of the announcement released by Hemcheck today has been
translated and set out below:

" PRESS RELEASE

Hemcheck has been conditionally approved for continued listing by Nasdaq and
can complete the transaction with Bio Vitos

Hemcheck has been approved for continued listing by Nasdaq, subject to the
transaction with Bio Vitos being carried out and other customary conditions
such as updating the website after the transaction is completed.

With this, the company description that has been produced is published and
this can also be found on the company's website, www.hemcheck.se. This also
means that the transaction with Bio Vitos, where IP rights and capital are
acquired, can be completed.

The company will quickly implement all the steps required to complete the
transaction with Bio Vitos. Additional information will be shared as soon as
final dates are determined."

 

 

For further information please contact:

 Craven House Capital Plc                                                Tel: 0203 286 8130

 Mark Pajak

 www.Cravenhousecapital.com (http://www.cravenhousecapital.com/)

 SI Capital                                                              Tel: 01483 413500

 Broker

 Nick Emerson

 www.sicapital.co.uk (http://www.sicapital.co.uk/)

 SPARK Advisory Partners Limited                                         Tel: 0203 368 3550

 Nominated Adviser

 Matt Davis/James Keeshan

 www.Sparkadvisorypartners.com (http://www.sparkadvisorypartners.com/)

 

About Craven House Capital:

The Company's Investing Policy is primarily to invest in or acquire a
portfolio of companies, partnerships, joint ventures, businesses or other
assets participating in the e-Commerce sector.

 

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