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LOUD - Loudspring News Story

€0.338 -0.0  -3.2%

Last Trade - 10:25am

Sector
Financials
Size
Micro Cap
Market Cap £13.2m
Enterprise Value £16.0m
Revenue £161k
Position in Universe 1502nd / 1829

BRIEF-Loudspring Enters Into Agreement With Eagle Filters

Wed 23rd December, 2020 12:03pm
Dec 23 (Reuters) - Loudspring Plc  LOUD.HE :
    * LOUDSPRING INCREASES OWNERSHIP IN EAGLE FILTERS,
RESPIRATORS
PASS REQUIREMENTS FOR FIRST CE-CERTIFICATIONS
    * LOUDSPRING HAS ENTERED INTO FINANCING AGREEMENT WITH EAGLE
FILTERS AND ITS FOUNDER MR. JUHA KARILUOTO
    * CONVERTS 1 MILLION EUR PREVIOUSLY EXISTING LOANS TO EAGLE
FILTERS INTO EQUITY.
    * ALSO AGREED ON A PURCHASE OPTION TO PURCHASE ALL REMAINING
SHARES IN EAGLE FILTERS
    * TOTAL PURCHASE PRICE IS BASED ON FUTURE PERFORMANCE OF
COMPANY.
    * PURCHASE OPTION IS EXERCISABLE IN TRANCES, VALID UNTIL END
OF
2025

Source text for Eikon:  ID:nWkr78DR8Y 
Further company coverage:  LOUD.HE 

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