Brief: Vimian Reaches Settlement Agreement With One Of Main Sellers Of Voi

Vimian AB

11/06/2024 07:09

June 11 (Reuters) - Vimian Group AB  VIMIAN.ST :
    * VIMIAN REACHES SETTLEMENT AGREEMENT WITH ONE OF THE MAIN
SELLERS
OF VOI IN THE PREVIOUSLY ANNOUNCED INDEMNIFICATION PROCESS
RELATING TO THE US PATENT DISPUTE
    * SELLER AGREED TO COMPENSATE CO FOR HIS ENTIRE PRO RATA
SHARE,
AMOUNTING TO 37%, OF USD 70 MILLION SETTLEMENT PAYMENT TO DEPUY
SYNTHES
    * TOTAL VALUE OF SETTLEMENT AMOUNTS TO APPROXIMATELY USD 26
MILLION
    * CONTINUES LEGAL PROCESS TO RETRIEVE COMPENSATION FROM
REMAINING
SELLER OF VOI, WHICH IS ONLY REMAINING SELLER IN DISPUTE

Source text for Eikon:  ID:nMFN3QyH2J 
Further company coverage:  VIMIAN.ST 

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