Brief: Nordic Unmanned Invests In Dronematrix

Nordic Unmanned ASA

12/05/2022 16:02

May 12 (Reuters) - Nordic Unmanned AS  NUMND.OL :
    * NORDIC UNMANNED REINFORCES POSITION IN EUROPE BY INVESTING
IN
DRONE TECHNOLOGY
    * HAS ENTERED INTO AN AGREEMENT GIVING COMPANY CONTROL OF 55
PER
CENT OF SHARES IN DRONEMATRIX, A LEADING DRONE TECHNOLOGY
COMPANY IN BELGIUM
    * PARTNERSHIP WITH DRONEMATRIX ENABLES BOTH COMPANIES TO
SCALE
THEIR COMMERCIAL OFFERINGS THROUGH NEW SERVICES AND SOLUTIONS
    * SHARE PURCHASE OF EUR 0.975 MILLION WILL BE SETTLED ON
CLOSING,
EXPECTED AT END OF Q2
    * EUR 1.5 MILLION EQUITY CONTRIBUTION WILL BE FULLY PAID
BEFORE
END OF 2022
    * TRANSACTION REFLECTS A VALUATION OF DRONEMATRIX ON AN
ENTERPRISE
VALUE BASIS OF EUR 3 MILLION
    * WITHIN NEXT THREE YEARS, NORDIC UNMANNED WILL ACQUIRE
REMAINING
SHARES BASED ON A PRE-AGREED PERFORMANCE-BASED VALUATION MATRIX

Source text for Eikon:  ID:nObiLcPCma 
Further company coverage:  NUMND.OL 

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