Brief: Ekobot enters agreement on business transfer, decides on directed issue of warrant

Newlist AB (publ)

03/06/2024 07:23

June 3(Reuters) - Ekobot AB  EKOBOT.ST :
    * SAID ON FRIDAY IT ENTERED INTO FINAL AGREEMENT FOR SALE OF
THE
CO'S CURRENT BUSINESS TO HH AGRICULTURE INVESTMENTS B.V.
    * TRANSFER IS MADE IN ACCORDANCE WITH THE LETTER OF INTENT
ENTERED
INTO ON 8 APRIL 2024
    * BUYER HAS UNDERTAKEN TO ASSUME OR SETTLE EKOBOT'S EXISTING
LOAN
TO ALMI FÖRETAGSPARTNER MÄLARDALEN AND AN ADDITIONAL EXISTING
DEBT
    * TOTAL ACCOUNTING CONSIDERATION FOR THE TRANSACTION AMOUNTS
TO
ABOUT 8.9 MSEK
    * AS PART OF THE TRANSACTION, CO ISSUED A WARRANT TO BUYER

        
 Source text for Workspace:  urn:newsml:reuters.com:*:nMFN6FM8Sl
 Further company coverage:  EKOBOT.ST  

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