Brief: 8i Enterprises Acquisition Announces Execution Of Share Exchange Agreement With Diginex Ltd

Eqonex

10/07/2019 11:11

July 10 (Reuters) - 8i Enterprises Acquisition Corp  JFK.O :
    * 8I ENTERPRISES ACQUISITION CORP. ANNOUNCES EXECUTION OF
SHARE
EXCHANGE AGREEMENT WITH DIGINEX LIMITED
    * 8I ENTERPRISES ACQUISITION CORP - UPON COMPLETION OF DEAL,
DIGINEX IS ANTICIPATED TO HAVE AN INITIAL ENTERPRISE VALUE OF
APPROXIMATELY $276 MILLION
    * 8I ENTERPRISES ACQUISITION CORP - BOARD OF DIRECTORS OF
JFK AT
CLOSING WILL CONSIST OF SEVEN DIRECTORS, TO BE DESIGNATED BY
DIGINEX SHAREHOLDERS.
    * 8I ENTERPRISES - AT EFFECTIVE TIME OF SHARE EXCHANGE,
DIGINEX'S
SHAREHOLDERS WILL RECEIVE 20 MILLION ORDINARY SHARES OF JFK,
VALUED AT $10/SHARE
    * 8I ENTERPRISES ACQUISITION CORP - BOARD OF DIRECTORS OF
JFK AT
CLOSING WILL CONSIST OF SEVEN DIRECTORS, TO BE DESIGNATED BY
DIGINEX SHAREHOLDERS

Source text for Eikon:  ID:nPn98vXqGa 
Further company coverage:  JFK.O 

 ((Reuters.Briefs@thomsonreuters.com;))