Brief: Peptonic Medical Says Entered Into An Agreement To Acquire A Majority Of Shares In Lune Group

Peptonic Medical AB

14/05/2020 22:26

May 14 (Reuters) - Peptonic Medical AB  PMED.TE :
    * ENTERED INTO AN AGREEMENT TO ACQUIRE A MAJORITY OF SHARES
IN
LUNE GROUP
    * PEPTONIC MEDICAL - TRANSACTION ENTAILS THAT CO ACQUIRES
60% OF
EXISTING SHARES FROM CURRENT SHAREHOLDERS AGAINST  PURCHASE
PRICE OF APPROX. 1.80 MEUR
    * PURCHASE PRICE SHALL BE PAID IN FORM OF NEWLY ISSUED
SHARES IN
PEPTONIC
    * COMPLETION OF ACQUISITION OF EXISTING SHARES IS EXPECTED
TO
OCCUR DURING JUNE 2020
    * COSTS FOR DIRECTED SHARE ISSUE TO SELLERS AND DIRECTED
SHARE
ISSUE TO VIDARSTIFTELSEN IS EXPECTED TO AMOUNT TO APPROX. 50
TSEK
    * PEPTONIC HAS INCURRED COST OF APPROX. 3 MSEK IN LEGAL, DUE
DILIGENCE AND ANALYSIS COSTS PRIOR TO SIGNING
    * BOARD INTENDS TO RESOLVE ON A SHARE ISSUE OF 19.2 MSEK AND
DIRECTED SHARE ISSUE OF 7.5 MSEK

Source text for Eikon:  ID:nWkr7sjmNq 
Further company coverage:  PMED.TE 

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