Brief: I2PO Takes Another Step Towards Deezer Listing

Deezer SA

23/05/2022 06:28

May 23 (Reuters) - I2PO  I2PO.PA :
    * I2PO SAID ON FRIDAY IT SUCCESSFULLY TOOK ANOTHER STEP
TOWARDS
LISTING OF DEEZER AND CONCLUDED REDEMPTION PERIOD
    * CONFIRMED COMBINED COMPANY MEETS MINIMUM CASH CONDITION
PROVIDED
FOR IN BUSINESS COMBINATION AGREEMENT TO PURSUE ITS GROWTH
STRATEGY
    * AT THE END OF REDEMPTION PERIOD, I2PO HAS RECEIVED
REDEMPTION
REQUESTS FROM SHAREHOLDERS REPRESENTING A TOTAL OF 25,133,181
MARKET SHARES 
    * COMBINED COMPANY WILL BENEFIT, ON DATE OF COMPLETION OF
THE
MERGER, FROM CASH HELD BY I2PO, NOTABLY IN ITS IPO ESCROW
ACCOUNT WHICH REPRESENTS €23,668,190 AFTER DEDUCTION OF
REDEMPTION REQUESTS AND FROM CASH RAISED THROUGH A PIPE
    * REDEMPTION PRICE OF A MARKET SHARE IS EQUAL TO €10.00 

        
 Source text for Eikon: [ID: nNDL4b8RQg]
 Further company coverage:  I2PO.PA  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))