Brief: CSM Group To Acquire Good Brand Company Ltd & Me Today Ltd

Me Today

10/12/2019 19:42

Dec 11 (Reuters) - CSM Group Ltd  CSM.NZ :
    * REACHED AGREEMENT TO ACQUIRE 100% OF THE GOOD BRAND
COMPANY LTD
AND ME TODAY LTD
    * CO WILL SATISFY CONSIDERATION REQUIRED TO BUY GOOD BRAND
CO AND
ME TODAY BY AN ISSUE OF 1.11 BILLION SHARES AT ISSUE PRICE OF
$0.005 PER SHARE
    * DEAL VALUES  BOTH ME TODAY & GOOD BRAND CO BUSINESSES AT
$5.55
MILLION INCLUDING $1 MILLION OF CASH, WHILST LISTED SHELL OF CSM
VALUED AT $2.1 MILLION
    * CSM EXPECTS TO RAISE $1.0 MILLION - $1.5 MILLION FROM
PLACEMENT
AND RIGHTS ISSUE
    * AFTER TRANSACTION, ME TODAY FOUNDERS WILL OWN ABOUT 60.8%
OF
ORDINARY SHARES IN CSM
    * ALL FIGURES IN NZ$

Source text for Eikon:  ID:nNZW4sdyXW 
Further company coverage:  CSM.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))