Brief: Papyrus Australia Signs Share Sale And Purchase Agreement With Egypt Banaba Fibre

Papyrus Australia

29/01/2024 24:34

Jan 29 (Reuters) - Papyrus Australia Ltd  PPY.AX :
    * SIGNED A SHARE SALE AND PURCHASE AGREEMENT WITH EGYPT
BANABA
FIBRE
    * EBFC'S SHAREHOLDERS OTHER THAN PPYM WILL INCORPORATE A NEW
COMPANY
    * PPY WILL ISSUE TO NEWCO 15% OF ITS ORDINARY FULLY PAID
SHARES
    * AGREEMENT FOR ACQUISITION BY PPY OF EBFC'S NON-PPY OWNED
INTEREST IN JV, PAPYRUS EGYPT LLC

Source text for Eikon:  ID:nASX8yqpF4 
Further company coverage:  PPY.AX 

 ((Reuters.Briefs@thomsonreuters.com;))