Brief: Vimab Group Enters Into Letter Of Intent To Acquire Pjp Piping

VIMAB AB (publ)

08/05/2023 08:01

May 8 (Reuters) - VIMAB Group AB (publ)  VIMAB.ST :
    * ENTERS INTO LETTER OF INTENT TO ACQUIRE PJP PIPING FOR
MAXIMUM
PURCHASE PRICE OF SEK 12.0 MILLION
    * HAS ENTERED INTO LETTER OF INTENT WITH SHAREHOLDERS OF PJP
PIPING, REGARDING ACQUISITION OF 100% OF SHARES IN PJP PIPING
FOR MAXIMUM PURCHASE PRICE OF SEK 12.0 MILLION
    * INITIAL PURCHASE PRICE IS INTENDED TO AMOUNT TO SEK 11.0
MILLION, DIVIDED INTO CASH PAYMENT OF MSEK 4.0 AND SHARES IN
VIMAB GROUP TO VALUE OF SEK 7.0 MILLION
    * SIGNING OF THE SHARE PURCHASE AGREEMENT AND CLOSING IS
PLANNED
FOR Q2 2023
    * SUBSCRIPTION PRICE FOR CONSIDERATION SHARES SHALL
CORRESPOND TO
VOLUME-WEIGHTED AVERAGE PRICE OF VIMAB GROUP SHARE ON NASDAQ
FIRST NORTH GROWTH MARKET DURING TEN TRADING DAYS IMMEDIATELY
PRIOR TO CONCLUSION OF SHARE TRANSFER AGREEMENT

Source text for Eikon:  ID:nBQN6756hh 
Further company coverage:  VIMAB.ST 

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