Brief: Element: Acquisition Of Shares In Harmonychain

Univid ASA

11/01/2021 06:05

Jan 11 (Reuters) - Element ASA  ELEE.OL :
    * ELEMENT ASA ANNOUNCES THAT DISCUSSIONS REGARDING AN
ACQUISITION
OF
    * CANCELLATION OF CONDITIONAL NOK 60 MILLION PRIVATE
PLACEMENT
    * ACQUISITION OF AT LEAST 95% OF SHARES IN HARMONYCHAIN FOR
A
TOTAL OF 51 MILLION ELEMENT CONSIDERATIONS SHARES HAS BEEN
TERMINATED
    * CONCLUDED THAT COMMERCIALIZATION STAGE FOR SCRYPT
MICROCHIP
WOULD MATERIALIZE LATER THAN INITIALLY INDICATED.
    * EXTENDED AN ADJUSTED OFFER TO SHAREHOLDERS OF
HARMONYCHAIN.

Source text for Eikon:  ID:nObifXTgFa 
Further company coverage:  ELEE.OL 

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