Brief: Fram Skandinavien Enters Into Agreement To Merge Marry.vn And Vdes.vn

Fram Skandinavien AB (publ)

15/06/2022 07:35

June 15 (Reuters) - Fram Skandinavien AB (publ)  FRAMb.ST :
    * FRAM SKANDINAVIEN AB ENTERS INTO AN AGREEMENT TO MERGE
MARRY.VN
AND VDES.VN, NAV INCREASES BY APPROX. 3.1 SEK PER SHARE
    * IN DIRECT CONNECTION WITH MERGER, LIVEN TECHNOLOGY WILL
CLOSE A
BRIDGE FINANCING ROUND BY ISSUING NEW SHARES TO A VALUE OF
APPROX. 1.5 MSEK
    * BRIDGE FINANCING TAKES PLACE AT A VALUATION OF MERGED
COMPANY OF
APPROX. 32 MSEK POST-MONEY
    * FOLLOWING MERGER AND BRIDGE FINANCING, FRAM SKANDINAVIEN
WILL
OWN APPROX. 35% OF LIVEN TECHNOLOGY (FULLY DILUTED BASIS)
    * MERGED HOLDING COMPANY WILL OPERATE UNDER NAME LIVEN
TECHNOLOGY
PTE LTD AND BE REGISTERED IN SINGAPORE

Source text for Eikon:  ID:nBQN13qb8t 
Further company coverage:  FRAMb.ST 

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