Brief: Groclin Signs 3.0 Mln Zloty Investment Agreement With Its Shareholders

Less SA

10/08/2022 15:12

Aug 10 (Reuters) - Groclin SA  GCN.WA :
    * SIGNS INVESTMENT AGREEMENT WITH MAJOR SHAREHOLDERS
    * BASED ON AGREEMENT COMPANY GAINS 3.0 MILLION ZLOTYS OF
WORKING
CAPITAL FOR INVESTMENTS
    * AMONG MAJOR SHAREHOLDERS ARE DAWID URBAN AND GERSTNER
MANAGEMENTHOLDING
    * FUNDS PROVIDED BY SHAREHOLDERS WILL ENABLE COMPANY FOR
FURTHER
INVESTMENT AND DEVELOPMENT OF "LESS STORE" SHOPS NETWORK
    * INVESTMENT AGREEMENT ASSUMES COMPANY'S RIGHT TO CONVERT
LIABILITIES INTO SHARE CAPITAL IN H1 2023

Source text for Eikon:  ID:nEM37YsNda 
Further company coverage:  GCN.WA 

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