Brief: Novabase Informs About Entity Partnership In Unit Celfocus

Novabase SGPS SA

28/04/2023 06:40

April 28 (Reuters) - Novabase SGPS SA  NBA.LS :
    * SAID ON THURSDAY PROCESS WILL BE INITIATED THAT WILL
CULMINATE
IN THE ACQUISITION OF A MINORITY PERCENTAGE OF THE SHARE CAPITAL
OF ITS UNIT CELFOCUS BY A GROUP OF EMPLOYEES OF NOVABASE GROUP
    * EMPLOYEES HAVE OPERATIONAL LEADERSHIP RESPONSIBILITIES,
AND THE
PRESENT OPERATION AIMS TO PROMOTE THEIR COMMITMENT IN THE
DEVELOPMENT AND ENHANCEMENT OF CELFOCUS
    * IMPLEMENTATION OF THIS OPERATION INVOLVES, IN A FIRST
PHASE, THE
INCORPORATION, BETWEEN THE EMPLOYEES AND NOVABASE CONSULTING OF
A NEW COMPANY, WHOSE SHARE CAPITAL WILL BE DIVIDED INTO CLASS A
SHARES AND CLASS B SHARES
    * NOVABASE WILL HOLD ALL THE CLASS A SHARES WHICH WILL
REPRESENT
AT LEAST 75.03% OF THE COMPANY'S ECONOMIC RIGHTS AND 100% OF THE
VOTING RIGHTS
    * IN A SECOND PHASE, THE ACQUISITION, BY THE REFERRED
COMPANY, OF
UP TO 40% OF THE SHARE CAPITAL OF CELFOCUS, FOR OF 75.5 MILLION
EUROS, BASED ON AN EVALUATION CARRIED OUT BY AN INDEPENDENT
ENTITY
    * AS A RESULT OF COMPLETION OF TRANSACTION OR AFTER ITS
CONCLUSION, THE PARTICIPATION HELD DIRECTLY OR INDIRECTLY BY
NOVABASE IN THE SHARE CAPITAL OF CELFOCUS WILL NOT BE LESS THAN
90.01%
    * AFTER THE CONCLUSION OF THIS OPERATION, NOVABASE WILL
DECREASE
THE PARTICIPATION HELD DIRECTLY OR INDIRECTLY IN CELFOCUS, UP TO
9.99% OF ITS SHARE CAPITAL

        
 Source text: https://bit.ly/3LfYHJX
 Further company coverage:  NBA.LS  

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