Brief: iZafe Signs Letter Of Intent To Acquire Pilloxa AB

iZafe AB

18/08/2022 08:18

Aug 18 (Reuters) - iZafe Group AB  IZAFEb.ST :
    * IZAFE SIGNS A LETTER OF INTENT TO ACQUIRE PILLOXA AB
    * PURCHASE PRICE IS PAID AT 100 PERCENT OF 70,874,308 NEWLY
ISSUED
IZAFE SHARES AT AN INDICATIVE VALUE OF APPROXIMATELY SEK 30
MILLION
    * LETTER OF INTENT CONCERNS 100 PERCENT OF SHARES IN PILLOXA
    * GIVEN THAT INDICATIVE OFFER IS ACCEPTED, SHAREHOLDERS IN
PILLOXA
WILL OWN 50 PERCENT OF SHARES IN JOINT COMPANY AFTER TAKEOVER,
WHICH IS EXPECTED TO TAKE PLACE DURING Q3 2022

Source text for Eikon:  ID:nMFN4lcRfG 
Further company coverage:  IZAFEb.ST 

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