Brief: Spintso To Carry Out Reverse Takeover Of Medclair

Medclair Invest AB

19/08/2020 08:59

Aug 19(Reuters) - Spintso International AB  SPINT.NGM :
    * SAID ON TUESDAY IT WILL CARRY OUT CONDITIONED REVERSE
TAKEOVER
OF MEDCLAIR AB 
    * HAS SIGNED SHARE PURCHASE AGREEMENT WITH ABOUT 92% OF
SHAREHOLDERS IN MEDCLAIR WITH INTENTION TO ACQUIRE ALL SHARES IN
MEDCLAIR
    * CONSIDERATION AMOUNTS TO ABOUT SEK 40 MLN TO BE PAID IN A
NON-CASH ISSUE OF UP TO 50 MLN SHARES FOR SEK 0.8 PER SHARE
    * AFTER ACQUISITION, THE SHAREHOLDERS OF MEDCLAIR HOLD
APPROXIMATELY 83% OF THE NUMBER OF SHARES AND VOTES IN SPINTSO
AND THE EXISTING SHAREHOLDERS OF SPINTSO WILL HOLD ABOUT 17% OF
THE NUMBER OF SHARES AND VOTES IN SPINTSO
    * TO PROPOSE FREDRIK CRAFOORD AS CHAIRMAN IN SPINTSO

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBQN61fbY6
    
 Further company coverage:  SPINT.NGM  
   


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