Brief: LoI Between Empir Group And Vivabem Brasil Expires Without Reverse Acquisition Agreement

mySafety AB

11/04/2022 09:54

April 11 (Reuters) - Empir Group AB  EMPIRb.ST :
    * SAID ON FRIDAY, LOI FOR REVERSE ACQUISITION OF VIVABEM
BRASIL
EXPIRED WITHOUT AGREEMENT BEING ENTERED INTO
    * EMPIR AND VIBE, DESPITE JOINT EFFORTS AND GOOD WILL IN
NEGOTIATIONS, HAVE NOT SUCCEEDED IN REACHING FINAL AGREEMENT ON
TERMS OF REVERSE ACQUISITION
    * AS LOI HAS EXPIRED AND NO BINDING AGREEMENT HAS BEEN
ENTERED
INTO BETWEEN PARTIES REGARDING ACQUISITION, NEGOTIATIONS BETWEEN
PARTIES HAVE BEEN CONCLUDED
    * THE CONCLUDED NEGOTIATIONS ARE NOT CONSIDERED TO HAVE ANY
SIGNIFICANT FINANCIAL IMPACT ON EMPIR'S RESULTS AND POSITION IN
GENERAL

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr5zVLx5
 Further company coverage:  EMPIRb.ST  

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