Brief: Vertiseit Acquires Visual Art

Vertiseit AB (publ)

02/10/2024 14:18

Oct 2 (Reuters) - Vertiseit AB (publ)  VERTb.ST :
    * VERTISEIT ACQUIRES VISUAL ART AND BONNIER CAPITAL BECOMES
THE
LARGEST SHAREHOLDER OF THE COMPANY THROUGH A DIRECTED SHARE
ISSUE
    * NEW SHARES ISSUED AT SEK 42.20 PER SHARE
    * ACQUISITION COMPLETED ON OCTOBER 2, 2024
    * PURCHASE PRICE FOR VISUAL ART IS SEK 457 MILLION
    * ACQUISITION FINANCED BY SEK 225 MILLION LOAN AND SEK 250
MILLION
SHARE ISSUE
    * ACQUISITION TAKES EFFECT OCTOBER 2, 2024
    * DEAL MEANS CO'S LONG-TERM GOALS FOR CURRENT TARGET PERIOD
OF SEK
200 MILLION IN ARR HAVE BEEN ACHIEVED

Source text for Eikon:  ID:nMFN1TzhDW 
Further company coverage:  VERTb.ST 

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