Brief: Euroafrica Digital Ventures To Enter Into Letter Of Intent With LTH Online

Deversify Health AB (publ)

31/05/2023 08:05

May 31 (Reuters) - Euroafrica Digital Ventures AB
 EURAF.ST :
    * TO ENTER INTO A LETTER OF INTENT WITH LTH ONLINE HOLDINGS
LTD
    * HALL ACQUIRE ALL SHARES IN LTH VENTURES BY MAKING PAYMENT
IN
FORM OF NEWLY ISSUED SHARES IN COMPANY
    * PLANNED TRANSACTION CONSTITUTES A SO-CALLED REVERSE
TAKEOVER
    * WHEN COMPLETED, EUROAFRICA DIGITAL VENTURES' CURRENT
OPERATIONS
WILL REMAIN WITHIN NEW GROUP
    * LTH ONLINE HAS AGREED TO GRANT COMPANY A SHORT TERM,
INTEREST-FREE, LOAN OF UP TO SEK 1,745,000
    * LOAN WILL BE REPAID BY WAY OF A SET-OFF ISSUE OF NEW
SHARES IN
COMPANY
    * EUROAFRICA DIGITAL VENTURES WILL UNDERGO A NAME CHANGE AND
WILL
CONTINUE TO OPERATE LTH VENTURES' BUSINESSES
    * TRANSACTION INTENDS TO BE COMPLETED DURING Q3 OF 2023
    * COMPANY INTENDS TO CONVENE AN EXTRAORDINARY GENERAL
MEETING FOR
DECISIONS IN MATTERS RELATING TO TRANSACTION

Source text for Eikon:  ID:nBQN4fK5JD 
Further company coverage:  EURAF.ST 

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