Set-off issue for the acquisition of Aqualla Brassware Limited

Press release published: February 26, 2021 at 7:40 pm

As part of the acquisition of Aqualla Brassware Limited the board has today, based on its authorization, resolved upon an issue of new shares of series B corresponding to 3.15 million GBP to the sellers. The subscription price corresponds to a volume weighted average price of the company´s shares of series B, during the period 12 February to 12 March 2021 converted to GBP in accordance with an agreed exchange rate. Subscription must take place on 16 March 2021 at the earliest and on 19 March 2021 at the latest when payment shall be made through set-off against debts comprising 3.15 million GBP.