Brief: OssDsign Acquires Sirakoss

OssDsign AB

04/11/2020 07:43

Nov 4 (Reuters) - OssDsign  OSSD.ST :
    * SAID ON TUESDAY ACQUIRES SCOTLAND-BASED SIRAKOSS
    * BUYS ALL OUTSTANDING SIRAKOSS SHARES IN AN ALL-CASH
TRANSACTION
    * PURCHASE PRICE OF $11 MLN, NOT INCLUDING AGREED MILESTONE
AND
ROYALTY PAYMENTS, IS DIVIDED INTO THREE CASH INSTALMENTS
    * FIRST $5 MLN PAYMENT TO BE FINANCED BY A DIRECTED SHARE
ISSUE IN
OSSDSIGN CONDUCTED NO LATER THAN NOVEMBER 24 2020

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr8HVJWg
 Further company coverage:  OSSD.ST  
   


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