Brief: Hofseth Biocare Says Brilliant Invest Purchased 11 Mln Shares In Co From Hofseth International

Hofseth Biocare ASA

23/09/2019 22:06

Sept 24 (Reuters) - Hofseth Biocare ASA  HOFBC.OL :
    * HOFSETH BIOCARE - BRILLIANT INVEST HAS TODAY PURCHASED A
NUMBER
OF 11 MILLION SHARES IN CO FROM HOFSETH INTERNATIONAL AS AT A
PRICE PER SHARE OF NOK 4.50
    * HOFSETH BIOCARE- PROGRAM WILL ALLOW CERTAIN KEY PERSONS
ASSOCIATED WITH COMPANY TO BENEFIT FROM DEVELOPMENT AND VALUE
CREATION IN COMPANY
    * HOFSETH BIOCARE- PURCHASE PRICE PAYABLE FROM PARTICIPANTS
TO HI
WILL PARTLY BE SETTLED BY HI'S GRANT OF A SELLER CREDIT & PARTLY
IN CASH BY BRILLIANT INVEST
    * HOFSETH BIOCARE - FOLLOWING SALE OF 11 MILLION SHARES IN
HBC TO
BRILLIANT INVEST, HI, ITS RELATED PARTIES OWN 18.16% OF
OUTSTANDING VOTES AND SHARES IN CO
    * : PROGRAM IS EXPECTED TO HAVE A DURATION OF THREE YEARS

Source text for Eikon:  ID:nGNEbRPwLt 
Further company coverage:  HOFBC.OL 

 (Reporting by Roshan Abraham)
 ((Roshan.Abraham@thomsonreuters.com;))