Brief: Stillfront Group Successfully Completes A Directed Issue To Acquire Jawmaker

Stillfront AB (publ)

09/09/2021 07:29

Sept 9 (Reuters) - Stillfront Group  SFRG.ST :
    * STILLFRONT GROUP HAS SUCCESSFULLY COMPLETED A DIRECTED
ISSUE
RAISING PROCEEDS OF SEK 1 BILLION TO FINANCE THE ACQUISITION OF
JAWAKER
    * THE COMPANY WILL RECEIVE SEK 1 BILLION THROUGH THE
DIRECTED
ISSUE BEFORE DEDUCTION OF COSTS RELATED TO THE DIRECTED ISSUE
    * ENTERED INTO AN AGREEMENT TO ACQUIRE 100% OF THE SHARES IN
JAWAKER FZ LLC FOR A TOTAL UPFRONT CONSIDERATION OF USD 205 MLN
ON A CASH AND DEBT FREE BASIS

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFN6Ktmsf
    
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