Brief: OTI Greentech Planning Acquisition Of JV Partner KMI Cleaning Solutions Inc
16/05/2019 08:54
May 16 (Reuters) - OTI Greentech AG NSAK.D :
* DGAP-ADHOC: OTI GREENTECH AG IS PLANNING THE ACQUISITION
OF ITS
JOINT VENTURE PARTNER KMI CLEANING SOLUTIONS INC.
* ALL ISSUED SHARES IN KMI CLEANING SOLUTIONS INC. ARE TO BE
ACQUIRED FROM TWO FOUNDERS WHO EACH OWN 50% OF COMPANY
* TO THIS PURPOSE, PARTIES HAVE NOW SIGNED A TERM SHEET
* PRE-CONDITION FOR TRANSACTION IS COMPLETION OF CONVERSION
INTO
SHARES OF ALL CONVERTIBLE BONDS ISSUED BY OTI GREENTECH
* PAYMENT FOR SHARES IS TO BE MADE BY WAY OF ISSUING NEW
SHARES IN
OTI GREENTECH AG
Source text for Eikon: ID:nEQbH3Pnqa
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