SLEEPZ AG
SLEEPZ AG signs termsheet for the acquisition of URBANARA GmbH
SLEEPZ AG / Key word(s): Investment Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014 The takeover is to take place against the issue of shares of SLEEPZ AG in the form of a contribution in kind. The share price of SLEEPZ AG was set at Euro 1.20, the valuation of URBANARA GmbH – after conversion of outstanding convertible loans of Euro 1.1 million – at Euro 6.2 million. In the event of further financing for URBANARA prior to the acquisition by SLEEPZ, the valuation of the company may be adjusted. The final valuation will take place after confirmation by an expert opinion on the investment in kind to be commissioned. The termsheet is subject to a number of further conditions precedent in particular the satisfactory completion of the due diligence already begun and the raising of the growth financing necessary for the SLEEPZ Group and URBANARA as part of the current convertible bond placement of SLEEPZ AG. The aim is to reach a signing by the end of September 2018. Disclosing person: Contact:
24-Aug-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | SLEEPZ AG |
Schlüterstraße 38 | |
10629 Berlin | |
Germany | |
Phone: | +49 (0)30 20 305-0 |
Fax: | +49 (0)30 20 305-555 |
E-mail: | ir@sleepz.com |
Internet: | www.sleepz.com |
ISIN: | DE000A2E3772, DE000A2E4L59 |
WKN: | A2E377, A2E4L5 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange; Warschau |
End of Announcement | DGAP News Service |