Brief: Boruta-Zachem Signs Confidentiality Agreement With Elbrus On Possible Investment

Hub.Tech SA

24/09/2020 07:51

Sept 24 (Reuters) - Boruta Zachem SA  BRUP.WA :
    * SAID ON WEDNESDAY THAT THE COMPANY AND INVENTIONBIO HAVE
SIGNED
CONFIDENTIALITY AGREEMENT WITH FUNDUSZ INWESTYCYJNY ELBRUS
CAPITAL MANAGEMENT (ELBRUS)
    * UNDER AGREEMENT THE PARTIES EXPRESSED THEIR WILL TO
UNDERTAKE
POSSIBLE COOPERATION REGARDING ELBRUS INVESTMENT IN THE COMPANY
OR INVENTIONBIO 
    * THE CONFIDENTIALITY AGREEMENT WAS CONCLUDED IN CONNECTION
WITH
THE START OF NEGOTIATIONS ON THE POTENTIAL INVESTMENT BY ELBRUS
IN THE COMPANY OR INVENTIONBIO, WHICH MAY BE IN PARTICULAR
DIRECT PURCHASE OF THE COMPANY'S OR INVENTIONBIO SHARES
    * SAYS THAT THE COMPANY WILL NOT ISSUE SHARES FOR ELBRUS IN
THE
NEAR TERM; THE INVESTMENT MAY ONLY TAKE PLACE VIA DIRECT
ACQUISITION OF SHARES ON THE STOCK MARKET  
    * SAYS THAT THE COMPANY DOES NOT RULE OUT A POTENTIAL
INCREASE OF
SHARE CAPITAL OF INVENTIONBIO AFTER THE TAKEOVER AND A POSSIBLE
ACQUISITION OF NEW ISSUED SHARES IN INVENTIONBIO BY ELBRUS

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM5lTFnVa
    
 Further company coverage:  BRUP.WA  
   


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