Brief: Perpetua Medical Says Has Entered A Letter Of Intent Regarding The Acquisition Of A Majority Stake In Es-Medical AB

Perpetua Medical AB (publ)

18/06/2024 21:19

June 18 (Reuters) - Perpetua Medical AB (publ)
 PERPb.ST :
    * PERPETUA MEDICAL HAS ENTERED A LETTER OF INTENT REGARDING
THE
ACQUISITION OF A MAJORITY STAKE IN ES-MEDICAL AB
    * PERPETUA MEDICAL AB - TRANSACTION IS INTENDED TO BE MADE
AT AN
INITIAL PURCHASE PRICE OF SEK 5.23 MILLION
    * PERPETUA MEDICAL AB- THREE YEARS AFTER INITIAL INVESTMENT,
PERPETUA MEDICAL HAS AN OPTION TO ACQUIRE REMAINING 30 PERCENT
OF SHARES IN ES-MEDICAL
    * PERPETUA MEDICAL - OWNERSHIP IS INTENDED TO AMOUNT TO 70
%OF
SHARES IN ES MEDICAL AB AFTER TRANSACTION, WITH AN OPTION TO
ACQUIRE  30 % AFTER 3 YEARS
    * EARN-OUT PERIOD IS EXPECTED TO COMMENCE IN 2028 AT
EARLIEST.

Source text for Eikon:  ID:nWkr75lcqQ 
Further company coverage:  PERPb.ST 

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