Brief: Trendlines Group updates on license to operate incubators

Trendlines

15/03/2016 23:35

March 16 (Reuters) - Trendlines Group Ltd  THET.SI : 
 * Unit received a notice from the office of the chief scientist of the Israel Ministry of Economy 
 * Notice that license to operate incubator in Judea and Samaria region of Israel awarded to competitive bidder and not to Trendlines Agtech. 
 * Loss of franchise not expected to have material impact on group's earnings 
per share for the financial year ending 31 December 2016. 
 * Expects to realize certain savings in overhead expenses by moving its agritech investment activities into the co's main offices in the northern part of Israel 
 * The memorandum of understanding with saviva capital llc dated 8 December 2015 
shall be terminated 
 
 * Source text for Eikon  ID:nSNZ7YPFSd  
 
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