Brief: Arcane Crypto Completes Acquisition Of Kaupang Krypto; Resolves On Directed Set-Off Issue

K33 AB (publ)

26/03/2021 14:51

March 26 (Reuters) - Arcane Crypto AB  ARCANE.ST :
    * ARCANE CRYPTO COMPLETES THE ACQUISITION OF KAUPANG KRYPTO
AS AND
RESOLVES ON A DIRECTED SET-OFF ISSUE OF SHARES TO THE SELLER
BULLTECH AS FOLLOWING THE ACQUISITION
    * BOARD OF DIRECTORS OF ARCANE CRYPTO HAS RESOLVED ON AND
COMPLETED A DIRECTED SET-OFF ISSUE OF 155,718,793 SHARES
    * CONSIDERATION CONSISTS MAINLY OF (I) NOK 1,000,000 IN CASH
AND
(II) NOK 18,500,000 TO BE SET-OFF AGAINST 155,718,793 SHARES IN
ARCANE CRYPTO
    * NUMBER OF ISSUED SHARES CORRESPONDS TO DILUTION OF ABOUT
1.9 %
OF TOTAL NUMBER OF SHARES IN ARCANE CRYPT

Source text for Eikon:  ID:nBQN5nPJvJ 
Further company coverage:  ARCANE.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))