Brief: Design Milk Signs SSA With Key Shareholders To Acquire LVX Global

Design Milk Co

11/09/2023 09:56

Sept 11 (Reuters) - Design Milk Co Ltd  DMC.AX :
    * DMC SIGNS SSA WITH KEY SHAREHOLDERS TO ACQUIRE LVX GLOBAL
    * EXECUTED A CONDITIONAL SHARE SALE AGREEMENT WITH KEY
SHAREHOLDERS OF LVX GLOBAL HOLDINGS
    * AGREEMENT TO ACQUIRE SMART BUILDINGS AND INTERNET OF
THINGS
BUSINESS OPERATED BY LVX
    * TOTAL PURCHASE CONSIDERATION WILL BE A$39.0 MILLION
    * IS IN PROCESS OF UNDERTAKING LEGAL AND FINANCIAL DUE
DILIGENCE
ON LVX
    * UNDERTAKING A CAPITAL RAISE TO RAISE MINIMUM OF A$5M AND
MAXIMUM
OF A$8 MILLION
    * CAPITAL RAISE BASED ON AN OFFER PRICE OF 0.7 AU CENTS PER
SHARE

Source text for Eikon:  ID:nASX44gyPZ 
Further company coverage:  DMC.AX 

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