Brief: Learning 2 Sleep Signs Agreement To Acquire Yougo Healthplan

Learning 2 Sleep L2S AB

05/10/2023 07:42

Oct 5 (Reuters) - Learning 2 Sleep L2S AB  L2S.ST :
    * LEARNING 2 SLEEP SIGNS AGREEMENT TO ACQUIRE YOUGO
HEALTHPLAN AB
– STRENGTHENS CUSTOMER OFFERING WITH ANALYTICAL TOOLS
    * SIGNED A TERM SHEET WITH INTENTION OF ACQUIRING ALL SHARES
IN
YOUGO HEALTHPLAN SWEDEN AB
    * PURCHASE PRICE AMOUNTS TO A MAXIMUM OF APPROXIMATELY 6
MILLION
SWEDISH KRONOR AND WILL BE PAID THROUGH NEWLY ISSUED SHARES IN
LEARNING 2 SLEEP IN TWO PARTS
    * AN INITIAL PAYMENT OF TWO (2) MILLION KRONOR UPON SIGNING
OF
TRANSFER AGREEMENT
    * A SECOND VARIABLE PAYMENT BASED ON PERFORMANCE GOALS,
WHICH CAN
AMOUNT TO A MAXIMUM OF FOUR (4) MILLION KRONOR
    * NO ADDITIONAL PAYMENT WILL BE PAID
    * AFTER COMPLETION OF TRANSACTION, OWNERSHIP GROUP BEHIND
YOUGO
WILL OWN A MAXIMUM OF 13 PERCENT OF SHARES AND VOTES IN LEARNING
2 SLEEP

Source text for Eikon:  ID:nMFN14Xxhy 
Further company coverage:  L2S.ST 

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