Brief: Roots Sustainable Agricultural Technologies Signs A Non-Binding, Exclusive LoI With Cherry Irrigation SA

Roots Sustainable Agricultural Technologies

26/11/2021 24:49

Nov 26 (Reuters) - Roots Sustainable Agricultural
Technologies Ltd  ROO.AX :
    * SIGNED A NON-BINDING, EXCLUSIVE LETTER OF INTENT WITH
CHERRY
IRRIGATION SA
    * LOI TO MARKET, SELL AND INSTALL CO'S PRODUCTS IN SOUTH
AFRICA
AND NAMIBIA
    * TO RECEIVE ROYALTY PAYMENTS ON ALL SALES OVER 3-YEAR
EXCLUSIVITY
PERIOD
    * EXCLUSIVITY COMMITMENT IS CONDITIONED ON AN AVERAGE SALE
IN 3
YRS OF NO LESS THAN EUR1.0M

Source text for Eikon:  ID:nASX6FvWj0 
Further company coverage:  ROO.AX 

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