Brief: Lidds Signs Agreement For Reverse Takeover Of Proport Invest

Lidds AB

28/11/2025 06:48

Nov 28 (Reuters) - Lidds AB LIDDS.ST:

SAID ON THURSDAY ENTERED INTO AGREEMENT FOR REVERSE TAKEOVER OF PROPORT INVEST

AGREEMENT WITH MAJORITY SHAREHOLDERS REPRESENTING ABOUT 67.7% OF SHARES IN PROPORT TO ACQUIRE ALL SHARES IN PROPORT FOR ABOUT SEK 75 MILLION

PURCHASE PRICE WILL BE PAID IN FORM OF 1,244,868,669 NEWLY ISSUED SHARES IN LIDDS

FOR EACH SHARE IN PROPORT, NINE NEW SHARES IN LIDDS WILL BE RECEIVED, IMPLYING SUBSCRIPTION PRICE OF SEK 0.06 PER SHARE

SHAREHOLDERS OF PROPORT ARE EXPECTED TO TOGETHER HOLD ABOUT 90.1% OF SHARES AND VOTES IN LIDDS, EXISTING SHAREHOLDERS OF LIDDS ARE EXPECTED TO HOLD ABOUT 9.9%

EGM TO RESOLVE ON TRANSACTION AND RELATED CONTRIBUTION IN KIND SHARE ISSUE IS PLANNED TO BE HELD IN JANUARY 2026

LIDDS NEEDS TO UNDERGO NEW LISTING REVIEW WITH NASDAQ FIRST NORTH

INTENDS TO CHANGE NAME TO PROPORT INVEST AB (PUBL) AND TO CONDUCT BUSINESS CURRENTLY CARRIED OUT BY PROPORT

 Source text for Workspace: nMFN3CZsgv
 Further company coverage: LIDDS.ST

 (Gdansk Newsroom)

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