Brief: Metallvärden: Wellmont Capital Group New Partner and Major Shareholder

GRANGEX AB (publ)

23/09/2019 15:34

Sept 23 (Reuters) - Metallvärden I Sverige AB (publ.)
 METV.NGM :
    * CANCELLED COOPERATION AGREEMENT WITH ZEEBEE 
    * SIGNED A COOPERATION AGREEMENT WITH A DUTCH CORPORATE
FINANCE
COMPANY, WELLMONT CAPITAL GROUP N.V. 
    * WELLMONT HAS ACQUIRED MV/X LIMITED, THE OWNER OF TRADING
PLATFORM MV/X, FROM ZEEBEE, AND METALLVÄRDEN NOW ACQUIRES ALL
SHARES IN MV/X LIMITED UNDER SAME TERMS AS EARLIER ANNOUNCED 
    * WELLMONT WILL GET COMPENSATION FOR THE ACQUISITION OF
ABOUT 13
MILLION SWEDISH CROWNS VIA NEWLY ISSUED SHARES IN METALLVÄRDEN,
CORRESPONDING TO 75 MILLION METALLVÄRDEN SHARES PLUS ADDITIONAL
53.6 MILLION SHARES ON DECEMBER 15 CONDITIONAL UPON SEGMENT MV/X
REACHING 20 MSEK IN REVENUE BY THAT TIME
    * OF THE 75 MILLION NEW SHARES, 64.3 MILLION WILL BE ISSUED
AS
SOON AS POSSIBLE, AND REMAINING 10.3 MILLION AFTER EGM, WHEN
EXPANDED AUTHORIZATION TO INCREASE SHARE CAPITAL WOULD BE
GRANTED
    * FOLLOWING THE ISSUE OF 64.3 MILLION SHARES TO WELLMONT,
THE
COMPANY'S SHAREHOLDING IN METALLVÄRDEN WOULD REACH 29.3 PCT OF
METALLVÄRDEN'S SHARE CAPITAL

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr8QbSvd
    
 Further company coverage:  METV.NGM  
   


 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920))