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Brief: EPH Invest To Acquire 40% Stake In Drone Maker Edron

May 14 (Reuters) - EPH Invest SpA EPHS.MI:

SAID ON WEDNESDAY HAD SIGNED BINDING TERM SHEET FOR STRATEGIC INVESTMENT IN EDRON

TO ACQUIRE 40% STAKE IN EDRON

TO ACQUIRE INITIAL 30% EDRON STAKE BY JUNE 30 FOR EUR 600,000

TO PROVIDE EUR 400,000 SHAREHOLDER LOAN TO EDRON

EDRON PRE-MONEY VALUATION SET AT EUR 2 MLN

DEAL ENABLES EPH ENTRY INTO CIVIL, MILITARY DRONE TECHNOLOGY SECTOR

EPH SHARES ISSUED IN DEAL SUBJECT TO SIX-MONTH LOCK-UP

 Further company coverage: EPHS.MI

 (Gdansk Newsroom)

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

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