Brief: Element ASA Acquires Palcapital Ventures Inc

Univid ASA

14/08/2019 17:50

Aug 14 (Reuters) - Element ASA  ELEM.OL :
    * ELEMENT ASA: ELEMENT ASA ACQUIRES PALCAPITAL VENTURES,
INC.
    * ELEMENT ASA HAS TODAY SIGNED AND CONSUMMATED AN AGREEMENT
TO
ACQUIRE 100% OF SHARES IN PALCAPITAL VENTURES INC
    * WITH THIS TRANSACTION ELEMENT NOW OFFERS INDIRECT EXPOSURE
TO
DIGITAL INDUSTRY, THROUGH LISTED AND LIQUID ELEMENT SHARE,
TRADEABLE ON OSLO BØRS
    * CONSIDERATION FOR SHARES IN PALCAPITAL, SHALL BE SETTLED
BY
ELEMENT AGAINST ISSUANCE OF 2,650,000 NEW SHARES IN ELEMENT AT
PAR VALUE OF NOK 1.60

Source text for Eikon:  ID:nObiPp00Za 
Further company coverage:  ELEM.OL 

 ((Reuters.Briefs@thomsonreuters.com;))