Brief: Oponeo.pl Signs Conditional Investment Deal On Acquiring Stake In FAASSH

Oponeo.pl SA

03/11/2021 06:36

Nov 3 (Reuters) - Oponeo.pl SA  OPN.WA :
    * SAID ON TUESDAY THAT IT HAS SIGNED CONDITIONAL INVESTMENT
DEAL
WITH ARKADIUSZ MLYNARCZYK AND FAASSH
    * UNDER DEAL, COMPANY WILL ACQUIRE NEWLY-ISSUED SHARES IN 
FAASSH
    * FAASSH SCOPE OF ACTIVITY IS MANAGING ONLINE SHOP WITH
PREMIUM
FASHION
    * UNDER DEAL, COMPANY WILL ACQUIRE IN TOTAL 68,000
NEWLY-ISSUED
SHARES IN FAASSH, WHICH WILL EQUAL TO 40% OF SHARE CAPITAL IN
FAASSH FOR TOTAL ISSUE VALUE OF 3.0 MLN ZLOTYS
    * PLANNED ACQUISITION OF SHARES WILL TAKE PLACE IN THREE
STAGES
    * THE ACQUISITION OF SHARES AT THE 2ND AND 3RD STAGE OF THE
INVESTMENT WILL DEPEND ON THE ACHIEVEMENT BY FAASSH THE BUSINESS
OBJECTIVES SET OUT IN THE INVESTMENT AGREEMENT
    * DEAL IS SUBJECT TO APPROVAL FROM POLISH OFFICE OF
COMPETITION
AND CONSUMER PROTECTION

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEMsV0WYa
 Further company coverage:  OPN.WA  

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