EXELIXI INVESTMENT PUBLIC LTD

  • ISIN: US0320561030
  • Land: .

Nachricht vom 22.05.2020 | 19:15

Memorandum of Understanding

DGAP-News: EXELIXI INVESTMENT PUBLIC LTD / Key word(s): Miscellaneous
22.05.2020 / 19:15
The issuer is solely responsible for the content of this announcement.

CYPRUS / ACCESSWIRE / May 22, 2020 / Exelixi Investment Public Company, a public company trading on the Cyprus Main Board Exchange and London Stock Exchange (Cyprus Stock Exchange Symbol EXIN)(LSE:0EE0), United Kingdom (the "Company") and Digital Access Pass Pte. Ltd. (the "Buyer Entity"), an advanced digital technology company incorporated in Singapore, have entered into a memorandum of understanding (the "Memorandum of Understanding"), under which, the Company (or its nominee) and the Buyer Entity will negotiate in good faith to enter into a definitive binding agreement (the "Formal Agreement") to acquire (the "Proposed Acquisition") the controlling equity share capital in the company (the "Target Company").

The Memorandum of Understanding is exclusive and confidential and is legally binding and irrevocable. Further terms of the Formal Agreement have yet to be determined and finalized and part of the payment consideration may involve issue of new securities of the Company to the Buyer Entity.

Until the earlier of the execution of the Formal Agreement on or before June 30, 2020, the Company agrees to enter into exclusive negotiation with the Buyer Entity regarding the Proposed Acquisition. If the Formal Agreement cannot be entered into by the expiry of such period, the Memorandum of Understanding shall be terminated.

It is expected that the Proposed Acquisition, if finalized, may constitute a notifiable transaction and change of Symbol of the Company under the Listing Rules in Cyprus Public Stock Exchange and London Stock Exchange, United Kingdom. Further announcement will be made by the Company when the Company enters into the Formal Agreement or the Company decides to terminate if applicable to the Memorandum of Understanding or there is any material development on the Proposed Acquisition.

Contact Information

Investor Relations
929 600-2646
info@amperico.com

SOURCE: EXELIXI INVESTMENT PUBLIC LTD


News Source: Issuer Direct


22.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

Interview im Fokus

Mountain Alliance: „Großer Digitalisierungsschub“

Furioses Börsendebüt für den Datenbankspezialisten Exasol. Einer der Profiteure: Die Münchner Beteiligungsgesellschaft Mountain Alliance AG (MA, ISIN DE000A12UK08), die auch nach einem Teilexit noch rund 2% an Exasol hält. Aktuell notiert die MA-Aktie rund 30 % unter dem NAV. Financial.de sprach mit MA-CEO Daniel Wild über die stärksten Digitalisierungstrends, die kritische Größe von 100 Mio. Euro Börsenwert, den neuen Investor und weitere Aktienkäufe.

GBC-Fokusbox

Aves One AG: Kursziel 13,60 €

Die Aves One AG ist auch in der Corona-Krise als Bestandshalter von langlebigen Logistik-Assets mit langfristigen Mietverträgen gut aufgestellt. Das Unternehmen hat als Guidance einen Umsatz und ein EBITDA mindestens auf Vorjahresniveau verkündet. Unseres Erachtens sollte dies auch ohne Zukäufe gut machbar sein, da die im abgelaufenen Geschäftsjahr 2019 erworbenen Assets bereits zu einer höheren Umsatzbasis führen sollten. Auf Basis unseres DCF-Modells haben wir ein Kursziel in Höhe von 13,60 € ermittelt und vergeben ein KAUFEN-Rating.

News im Fokus

Deutsche Lufthansa AG: Einigung über Lufthansa Stabilisierungspaket

30. Mai 2020, 00:04

Aktuelle Research-Studie

2G Energy AG

Original-Research: 2G Energy AG (von First Berlin Equity Research GmbH): Hinzufügen

29. Mai 2020