Brief: Simris Confirms Extension Of Due Date Payment For Acquiring Cyano Biotech

Simris AB

08/05/2023 10:24

May 8 (Reuters) - Simris Group AB  SIMRISb.ST :
    * SAID ON FRIDAY CO CONFIRMS EXTENSION TO DUE DATE FOR
PAYMENT OF
SECOND INSTALMENT FOR ACQUISITION OF CYANO BIOTECH 
    * BOD HAS APPROVED OFFER FROM FORMER OWNERS OF CYANO BIOTECH
TO
EXTEND THE DUE DATE FOR PAYMENT OF THE SECOND INSTALMENT OF THE
ACQUISITION, FOR EUR 1 MLN 
    * DUE DATE EXTENDED FROM AUGUST 25TH TO OCTOBER 2ND WITH AN
INTEREST FEE OF 1% PER MONTH
    * CO ALSO CONFIRMS EXTENSION OF FUNDING FACILITY FROM BRAND
LABORATORIES

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFNc4xSxP
 Further company coverage:  SIMRISb.ST  

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