Brief: Sygnity Says TSS Europe To Announce Tender Offer 51.92% Stake In Company

Sygnity SA

22/03/2022 06:48

March 22 (Reuters) - Sygnity SA  SGN.WA :
    * SAYS COMPANY TOGETHER WITH ITS SHAREHOLDERS CRON AND VALUE
FIZ
HAVE SIGNED INVESTMENT DEAL WITH TSS EUROPE 
    * UNDER DEAL TSS TO BUY ALL SHARES HELD BY SHAREHOLDERS IN
SYGNITY, THAT IS 51.92% OF TOTAL STAKE, FOR NO LESS THAN 12
ZLOTYS PER SHARE
    * DEAL COMPLETES PROCESS OF STRATEGIC OPTIONS REVIEW
REGARDING
BUSINESS ACTIVITY OF COMPANY
    * UNDER DEAL TSS TO BECOME A STRATEGIC INVESTOR
    * IN LINE WITH THE AGREEMENT TSS IS TO ANNOUNCE TENDER OFFER
WITHIN 5 BUSINESS DAYS FROM THE DATE OF CONCLUDING THE
INVESTMENT DEAL (MARCH 22)

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM9XPWl0a
 Further company coverage:  SGN.WA 

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