Brief: Vestum: Acquisition Of Specialist Company With Sales Of SEK 72 Million

Vestum AB (publ)

11/03/2022 07:05

March 11 (Reuters) - Vestum AB (publ)  VESTUM.ST :
    * VESTUM IS GROWING IN DOOR SYSTEMS THROUGH STRATEGIC
ACQUISITION
OF SPECIALIST COMPANY WITH SALES OF SEK 72 MILLION
    * AGREED TO ACQUIRE 100% OF SHARES IN ABAX DÖRRSYSTEM AB
("ABAX")
    * PURCHASE PRICE WILL PARTLY BE FINANCED THROUGH PAYMENT IN
REVERSE, WHICH WILL THEN BE SET OFF AGAINST 528,634 SHARES IN
VESTUM THROUGH OFFSET ISSUES
    * THIS WILL RESULT IN A DILUTION OF APPROXIMATELY 0.1%
    * - SUBSCRIPTION PRICE HAS BEEN DETERMINED VIA A TEN-DAY
VOLUME-WEIGHTED AVERAGE PRICE ("VWAP") IN VESTUM'S SHARE DURING
PERIOD 25 FEBRUARY 2022 UP TO AND INCLUDING 10 MARCH 2022
    * - TRANSACTION IS EXPECTED TO BE COMPLETED WITHIN
APPROXIMATELY
THREE WEEKS

Source text for Eikon:  ID:nMFN118nqn 
Further company coverage:  VESTUM.ST 

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