Brief: Senzime Enters Into Agreement To Buy U.S. Company Respiratory Motion

Senzime AB (publ)

02/06/2022 08:00

June 2 (Reuters) - Senzime AB (publ)  SEZI.ST :
    * SAID ON WEDNESDAY SIGNED AN AGREEMENT TO ACQUIRE 100% OF
THE
SHARES IN THE U.S. COMPANY RESPIRATORY MOTION, INC 
    * INITIAL CONSIDERATION IS USD 19 MILLION ON A CASH- AND
DEBT-FREE
BASIS 
    * ADDITIONAL POTENTIAL EARN-OUT PAYMENT IS OF UP TO USD 25
MILLION, PAID OUT EARLIEST IN 2024
    * SELLERS CONSIST OF A LARGER GROUP OF INDIVIDUALS AND
COMPANIES
    * TO FINANCE THE INITIAL CONSIDERATION, SENZIME'S BOARD HAS
RESOLVED TO SUMMON AN EGM TO AUTHORIZE THE BOARD TO RESOLVE ON
AN ISSUE THROUGH SET-OFF OF PRELIMINARY 8,655,238 SHARES
    * IN ADDITION, SENZIME WILL CONDUCT A NEW SHARE ISSUE OF
ABOUT SEK
100 MILLION 
      

Source text for Eikon:  urn:newsml:reuters.com:*:nMFN2Ggnb0
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