Brief: Infoscan Signs Investment Deal To Buy Shares In GMZ.CO

Grupa Modne Zakupy SA

08/03/2022 07:56

March 8 (Reuters) - Infoscan SA  ISTP.WA :
    * SAID ON MONDAY IT SIGNED AN INVESTMENT DEAL WITH GMZ.CO
AND SIX
SHAREHOLDERS OF GMZ.CO
    * DEAL BINDING UNDER THE CONDITION INFOSCAN ISSUES NEW O
SERIES
SHARES, WHICH WILL BE TAKEN UP BY APRIL 15
    * PARTIES TO DEAL INTEND TO TAKE STEPS TOWARDS COMPANY
BECOMING
PARENT ENTITY TO CMZ.CO VIA COMPANY'S PURCHASE OF 2,000 EXISTING
SHARES IN GMZ.CO FOR TOTAL 2.0 MILLION ZLOTYS AND 1,943 NEW
ISSUE SHARES IN GMZ.CO FOR TOTAL 2.5 MILLION ZLOTYS
    * PARTIES ALSO INTEND AT LATER STAGE FOR COMPANY TO TAKE
OVER
GMZ.CO AND OFFER GMZ.CO SHAREHOLDERS NEW ISSUE SHARES IN
INFOSCAN OR FOR COMPANY TO BUY ALL SHARES IN GMZ.CO IN EXCHANGE
FOR NEW ISSUE SHARES IN INFOSCAN OFFERED TO CMZ.CO SHAREHOLDERS

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM376ckZa
 Further company coverage:  ISTP.WA  

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