Brief: Rightbridge Signs Term Sheet For Acquisition Of OV Entertainment

Rightbridge Ventures AB

11/04/2024 06:41

April 11 (Reuters) - Rightbridge Ventures Group AB
 RIGHTB.ST :
    * RIGHTBRIDGE SIGNS TERM SHEET FOR THE ACQUISITION OF OV
ENTERTAINMENT
    * TERM SHEET ASSUMES PURCHASING 51% OF OCEANVIEW FOR A
CONSIDERATION OF 102 MSEK (9,7 MUSD) 
    * THAT WILL BE PAID IN A COMBINATION OF CASH FOR 21 MSEK (2
MUSD)
AND SHARES FOR 81 MSEK (7,6 MUSD) IN NEWLY ISSUED SHARES IN
RIGHTBRIDGE AT A SHARE PRICE OF 0,08 SEK PER SHARE
    * TRANSACTION IS INTENDED TO BE COMPLETED BEFORE SUMMER

Source text for Eikon:  ID:nWkrDRKNp 
Further company coverage:  RIGHTB.ST 

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