Brief: Triboron International Enters Into Purchase Agreement For Acquisition Of Companies

Triboron International AB

17/04/2023 08:51

April 17 (Reuters) - Triboron International AB
 TRIBOb.ST :
    * HAS ENTERED INTO PURCHASE AGREEMENT FOR ACQUISITION OF
COMPANIES
AND CONVENES EXTRAORDINARY GENERAL MEETING FOR TWO DIRECTED NEW
SHARE ISSUES
    * HAS ENTERED INTO TWO PURCHASE AGREEMENTS FOR ACQUISITION
OF 100
PER CENT OF  SHARES IN COMPANIES TEKAT LIMITED AND ELITE OIL IN
SCANDINAVIA AB
    * PURCHASE PRICE FOR TEKAT LTD. AND ELITE OIL I SKANDINAVIEN
AB
AMOUNTS TO TOTAL OF SEK 37,400,000 AND IS PAID THROUGH
COMBINATION OF CASH AND CONSIDERATION SHARES IN TRIBORON
    * MAIN PART OF PURCHASE PRICE, SEK 27,100,000, WILL BE WILL
BE
PAID IN CONNECTION WITH CLOSING OF ACQUISITIONS, WHICH IS
PLANNED FOR 2 JUNE JUNE 2023, OF WHICH SEK 19,500,000 WILL BE
PAID IN CASH AND SEK 7,600,000 IN THROUGH CONSIDERATION SHARES
OF SERIES B IN CO
    * REMAINING PART OF PURCHASE PRICE AMOUNTS TO SEK 10,500,000
AND
WILL BE PAID DURING FIRST QUARTER OF 2024 THROUGH PARTLY IN CASH
AND PARTLY IN SERIES B SHARES IN CO
    * PURCHASE PRICE TO BE PAID DURING FIRST QUARTER OF 2024 IS
NOT
PERFORMANCE-BASED BUT CONSTITUTES DEFERRED PAYMENT

Source text for Eikon:  ID:nWkr4qlr1N 
Further company coverage:  TRIBOb.ST 

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