Brief: Learning 2 Sleep Acquires Bonzun Evolve

Learning 2 Sleep L2S AB

06/07/2023 06:45

July 6 (Reuters) - Learning 2 Sleep L2S AB  L2S.ST :
    * LEARNING 2 SLEEP ACQUIRES BONZUN EVOLVE AB
    * LEARNING 2 SLEEP HAS SIGNED A BINDING AGREEMENT TO ACQUIRE
ALL
SHARES IN BONZUN EVOLVE AB
    * THE PURCHASE PRICE AMOUNTS TO APPROXIMATELY SEK 31.1
MILLION,
CORRESPONDING TO A VALUE OF SEK 0.25 PER SHARE IN BONZUN
    * TO BE PAID THROUGH 311,152,272 NEWLY ISSUED SHARES IN
LEARNING 2
SLEEP AT A PRICE OF SEK 0.10 PER SHARE
    * AFTER COMPLETION OF THE TRANSACTION, BONZUN WILL OWN
APPROXIMATELY 77 PERCENT OF THE SHARES AND VOTES IN LEARNING 2
SLEEP
    * TRANSACTION OF SHARES EXPECTED TO TAKE PLACE AT THE END OF
2023
    * AIM IS CONSOLIDATING COMPANIES' RELATED OPERATIONS INTO
ONE
COMPANY AND THEREBY CREATING A CLEAR VALUE FOR ALL SHAREHOLDERS

Source text for Eikon:  ID:nBQN2KPMDh 
Further company coverage:  L2S.ST 

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