Brief: OVS Signs Binding Investment Agreement In Goldenpoint Aimed At Acquisition

OVS SpA

02/04/2024 17:15

April 2 (Reuters) - OVS SpA  OVS.MI :
    * SIGNS BINDING INVESTMENT AGREEMENT IN GOLDENPOINT AIMED AT
ACQUISITION OF  COMPANY
    * DEAL PROVIDES FOR INITIAL INVESTMENT OF €3 MILLION FOR
ISSUANCE
OF A CONVERTIBLE BOND, FOR ACQUISITION OF 3% OF GOLDENPOINT'S
SHARE CAPITAL
    * WITHIN 31 JULY 2025, OVS HAVE OPTION TO INCREASE STAKE TO
51% OF
SHARE CAPITAL BY CONVERTING BOND
    * REMAINING 49% OF SHARE CAPITAL CAN BE ACQUIRED BY OVS
THROUGH
EXERCISE OF PUT&CALL OPTIONS IN BETWEEN 1 AUGUST 2026 AND 31
JULY 2029

Further company coverage:  OVS.MI 

 (Reporting by Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48587720920;))