Brief: Cyber Security 1 To Buy Cyber Security Business In Turkey

Cyber Security 1 AB

10/08/2018 08:02

Aug 10 (Reuters) - Cyber Security 1 AB  CYB1.ST :
    * CYBER1 ENTERS EXCLUSIVE AGREEMENT TO ACQUIRE INFONET, A LEADING CYBER SECURITY BUSINESS
 IN
TURKEY
    * HAS SIGNED AN EXCLUSIVE AGREEMENT WITH TURKISH BASED INFONET TO ACQUIRE 100% OF ITS
PRODUCT AND
SOLUTIONS BUSINESS
    * TRANSACTION WILL INCLUDE ACQUISITION OF 100% OF OUTSTANDING SHARES FOR A CONSIDERATION OF
$14,000,000
    * CONSIDERATION WILL BE COMPRISED OF $2,800,000 CASH AND $11,200,000 CYBER1 NEW ISSUE SHARES
    * NUMBER OF SHARES ISSUED WILL BE SET AT A 'STRIKE PRICE' OF EUR 0.48
(FORTY-EIGHT-EURO-CENTS)
    * THERE WILL BE NO OTHER IMPACT ON CYBER1'S BALANCE SHEET

Source text for Eikon:  ID:nWkr36B0q3 
Further company coverage:  CYB1.ST 

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