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THD — Dust SA News Story

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Brief: The Dust Signs Merger Plan To Acquire Savicon

BRIEF-The Dust Signs Merger Plan To Acquire Savicon

- The Dust SA THDP.WA:

  • SAID ON MONDAY THAT IT HAD SIGNED A MERGER PLAN TO ACQUIRE SAVICON

  • TO ISSUE 50 MILLION MERGER SHARES AT REFERENCE PRICE OF 0.60 ZLOTY PER SHARE TO SAVICON SHAREHOLDERS

  • SAVICON EXITED COMPUTER AND CONSOLE GAME SEGMENT AS PIVOT IS DEEMED MORE PROFITABLE

  • TARGETS EXPANSION IN AVIATION SERVICES AND DEFENSE SECTOR USING DUAL-USE AND DRONE TECHNOLOGIES

  • DOES NOT RULE OUT TRANSFERRING LISTING TO WARSAW STOCK EXCHANGE REGULATED MARKET IN MEDIUM TERM

  • TO VOTE ON CHANGING COMPANY'S NAME TO SAVICON S.A. AS PART OF THE MERGER


Source text: nEM2hPfmSa
Further company coverage: THDP.WA


(Gdansk Newsroom)

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

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