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M1Z - TEE International News Story

S$0.041 0.0  2.5%

Last Trade - 9:59am

Sector
Industrials
Size
Micro Cap
Market Cap £14.0m
Enterprise Value £40.7m
Revenue £121.3m
Position in Universe 5510th / 6091

BRIEF-Xandar Capital Says On Behalf Of Tramore Global, Entered Agreement To Buy Tee International Shares

Tue 7th July, 2020 12:59pm
July 7 (Reuters) - TEE International Ltd  TEEI.SI :
    * ON BEHALF OF TRAMORE GLOBAL AS OFFEROR, ENTERED AGREEMENT
WITH
INDIVIDUAL TO ACQUIRE 237.9 MILLION SHARES IN TEE INTERNATIONAL
    * AGGREGATE CONSIDERATION FOR TOTAL OF 237.9 MILLION SALE
SHARES &
31.8 MILLION SALE WARRANTS IS S$8 MILLION
    * SHARES BOUGHT REPRESENT 36.8% OF TOTAL ISSUED ORDINARY
SHARES OF
TEE
    * AFTER ACQUISITION, OFFEROR IS REQUIRED TO MAKE A MANDATORY
CONDITIONAL CASH OFFER FOR REST OF TEE'S SHARES
    * CONSIDERATION FOR EACH OFFER SHARE S$0.0338 IN CASH

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ97vpYF
Further company coverage:  TEEI.SI 

 (Reuters.Briefs@thomsonreuters.com)
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