Brief: Zinzino Enters Strategic Partnership With ACN, Carries Out Directed Share Issue Of SEK 10.4 Mln
29/01/2024 10:29
Jan 29 (Reuters) - Zinzino AB ZZb.ST :
* ZINZINO AND ACN ENTER A STRATEGIC PARTNERSHIP IN EUROPE,
AND IN
CONNECTION WITH IT ZINZINO CARRIES OUT A DIRECTED NEW ISSUE OF B
SHARES FOR SEK 10.4 MILLION
* SUBSCRIPTION PRICE IN DIRECTED ISSUE HAS BEEN SET AT SEK
69.73
PER NEW SHARE IN COMPANY
* STRATEGIC PARTNERSHIP FOR EUROPE IS EXPECTED TO CREATE
GROWTH
THROUGH SYNERGIES THAT ARISE IN JOINT NETWORKS
* IN CONNECTION WITH AGREEMENT, ACN HAS EXPRESSED A DESIRE
TO
INVEST USD 1M IN ZINZINO THROUGH ITS HOLDING COMPANY MANNA
HOLDINGS, LLC
* WILL INVEST IN PARTNERSHIP BASED ON SALES DEVELOPMENT
GENERATED
BY ACQUIRED DISTRIBUTOR ORGANIZATION DURING PERIOD 2024-2029 VIA
EXISTING COMPENSATION MODEL FOR COMPANY'S DISTRIBUTORS
* CONDITIONAL COMPENSATION IN FORM OF NEWLY ISSUED ZINZINO B
SHARES MAY BE ADDED DURING PERIOD 2024-2029 TO AN ESTIMATED
VALUE CORRESPONDING TO EUR 2 MILLION (APPROXIMATELY SEK 22
MILLION)
Source text for Eikon: ID:nWkr3Xgfx3
Further company coverage: ZZb.ST
(Gdansk Newsroom)
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