Brief: Sivota Enters Into Non-Binding Term Sheet With Apester Ltd

Sivota

07/12/2021 08:26

Dec 7 (Reuters) - Sivota PLC  SIV.L :
    * SIVOTA PLC  - RTO TRANSACTION AND SUSPENSION OF LISTING
    * SIVOTA PLC - HAS ENTERED INTO A NON-BINDING TERM SHEET (
"TERM
SHEET") WITH APESTER LIMITED
    * SIVOTA PLC - SIVOTA HAS CONDITIONALLY AGREED TO BE ISSUED
NEW
PREFERRED SHARES IN CAPITAL OF APESTER FOR A CONSIDERATION OF
$12,000,000
    * SIVOTA PLC - COMPANY WILL OWN C.53.9% OF APESTER'S ISSUED
SHARE
CAPITAL ON COMPLETION OF TRANSACTION.

Source text for Eikon:  ID:nRSG8151Ua 
Further company coverage:  SIV.L 

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