Put option

Halfords Group PLC: Halfords receives investment in its Avayler business, with Bridgestone taking a 5% stake

Retrieved on: 
Tuesday, November 7, 2023
Sale, 1930 Temporary Anglo-Soviet Commercial Agreement, Maintenance, Exercise, Transaction, Software, Put option, Growth, USD, Software as a service, Holding company, Cryptocurrency, Bank, Bridgestone, Halfords, Central Europe

(“Halfords” and together with its subsidiaries, the “Group”)

Key Points: 
  • (“Halfords” and together with its subsidiaries, the “Group”)
    Halfords receives investment in its Avayler business, with Bridgestone taking a 5% stake.
  • Bridgestone will acquire a 5% stake in Avayler for consideration of USD 3m, which will be satisfied in cash.
  • The Transaction establishes Bridgestone as a client of the Avayler business, becoming the latest global mobility client to use the Avayler platform.
  • Halfords, Avayler Holdings, Avayler and Bridgestone have also entered into a shareholders’ agreement in relation to Avayler.

Millicom (Tigo) and EPM agree to jointly capitalize UNE EPM Telecomunicaciones S.A. (Tigo-UNE)

Retrieved on: 
Thursday, October 12, 2023
UNE, EPM, Empresas Públicas de Medellín, Sale, Exercise, Put option, Security (finance), Drug, Millicom

Millicom (Tigo) and EPM agree to jointly capitalize UNE EPM Telecomunicaciones S.A. (Tigo-UNE)

Key Points: 
  • Millicom (Tigo) and EPM agree to jointly capitalize UNE EPM Telecomunicaciones S.A. (Tigo-UNE)
    Luxembourg, October 13, 2023 – Millicom announced today an agreement between Millicom and Empresas Públicas de Medellin (“EPM”) to jointly capitalize UNE EPM Telecomunicaciones S.A. (Tigo-UNE).
  • Each partner will contribute 300 billion Colombian pesos (approximately 71 million U.S. dollars) for a total capital contribution of approximately 142 million U.S. dollars to Tigo-UNE.
  • The funds will strengthen the company’s financial profile and support the continued development of Tigo-UNE's business strategy.
  • Millicom thanks the Colombian authorities for their support to both parties during the negotiation of this agreement.

EQS-News: Swiss Merchant Group AG: Misinformation and New Findings from the Evan Group plc Insolvency Petition

Retrieved on: 
Friday, July 21, 2023
Evan, SMG, Bond, Criminal law, EURO, Senior Series Lacrosse, JLL, BIRC7, Research, Attention, Person, Credit Suisse, Gesellschaft mit beschränkter Haftung, Sale, EUR, Trust, DCM, Put option, Security (finance), Life insurance, Gerstner

EVAN GROUP PLC Insolvency Proceedings:  Misinformation and New Findings from the Evan Group plc Insolvency Petition.

Key Points: 
  • EVAN GROUP PLC Insolvency Proceedings:  Misinformation and New Findings from the Evan Group plc Insolvency Petition.
  • As the most important bond creditor of Evan Group Plc in Malta, Swiss Merchant Group AG ("SMG") received a copy of the insolvency request petition with considerable delay and has now evaluated it.
  • Furthermore, SMG would like to correct the untruths, misinformation and allegations made by the insolvency petitioner Patrick Gerstner as CEO of Evan Group Plc.
  • Insofar as it is claimed in the insolvency petition (page 8 of 16) of Evan Group Plc that the Gerstner heirs were only marginally involved in the business activities of the Unimo Group, this is clearly incorrect.

eureKING, the first European SPAC in healthcare dedicated to biomanufacturing, announces the signature of a put option for the potential acquisition of Skyepharma to build a new European bio-CDMO leader

Retrieved on: 
Tuesday, May 30, 2023
IPO, IBC, Marketing, A2, GAAP, LNER Class A2, Market, Acquisition, 1973 Sale and Purchase Agreement, Put option, AMF, A3, PIPE, Fonds, Prospectus, Market share analysis, A1, Contribution, Completion, Bioproduction, Exercise, Sale, PME, Business, Tablet, CFO, Rollover, Articles of association, Partnership, Drug development, Bank statement, Risk, Calendar, Clinical trial, Technology transfer, CDMO, ISIN, LNER Peppercorn Class A2, Fine chemical, Security (finance), Cryptocurrency, Pharmaceutical industry, Video game, Management, Bank, Medical device, Saint-Quentin-Fallavier, Euronext Paris

58.1% of the share capital (on a fully-diluted basis) of Oleron Pharma which holds 100% of the share capital of Skyepharma.

Key Points: 
  • 58.1% of the share capital (on a fully-diluted basis) of Oleron Pharma which holds 100% of the share capital of Skyepharma.
  • The proposed transaction would constitute the “Initial Business Combination” (or “IBC”), described in the IPO Prospectus of eureKING.
  • After completion of both the Acquisition and the Contribution, Oleron Pharma, and thus Skyepharma, will be fully owned by eureKING.
  • Skyepharma was created in 1996 and it acquired its current industrial site, in Saint-Quentin-Fallavier, near Lyon in 1997.

High Tide to Announce Second Quarter 2023 Financial Results and Acquisition of Remaining Interest of FABCBD

Retrieved on: 
Tuesday, May 23, 2023
High Tide, Put option, TSX Venture Exchange, CAD, EBITDA, Acquisition, News, Lease

In addition, the Company is pleased to announce that it has closed on the remaining interest of  Fab Nutrition, LLC, operating as FABCBD ("FABCBD"), not held by High Tide.

Key Points: 
  • In addition, the Company is pleased to announce that it has closed on the remaining interest of  Fab Nutrition, LLC, operating as FABCBD ("FABCBD"), not held by High Tide.
  • Pursuant to the original agreement granting the Put Option, the consideration for the remaining 20% of FABCBD, which was acquired by High Tide, is to be satisfied by the Company by issuing 386,035 common shares of High Tide ("High Tide Shares") valued at US$560,380 (CAD$747,827) on the basis of a deemed price per High Tide Share of CAD$1.9372.
  • In connection with the transaction, the Company has agreed to pay Bayline Capital Partners Inc. ("Bayline"), an arm's length party, a finder's fee of US$49,528.51, in High Tide Shares, being 37,552 High Tide Shares on the basis of a deemed price per High Tide Share of US$1.3189.
  • The issuance of the High Tide Shares for the acquisition of FABCBD and to Bayline remain subject to final approval from the TSX Venture Exchange.

RESULTS OF 2023 PUT OPTION

Retrieved on: 
Thursday, April 20, 2023
Put option, Repurchase agreement, Federal Law on Protection of Personal Data Held by Individuals, Securities market, Eric Holder, Qi, Person, Sale, Prospectus, Acquisition, Advertising, Nature, European, ISIN, United Kingdom, VEON, Element, Legislation, Rare-earth element, Security (finance), Cryptocurrency, Bookkeeping, Note, EU, Issuer

USD 529,320,000 5.95% notes due October 2023 (ISIN: US92718WAE93 (144A) and XS0889401724 (REGS)) (the “October 2023 Notes”) and USD 700,000,000 7.25% notes due December 2023 (US36251BAB18 (144A) and XS1400710726 (REGS)) (the “December 2023 Notes” and together with the October 2023 Notes, the “Notes”)

Key Points: 
  • USD 529,320,000 5.95% notes due October 2023 (ISIN: US92718WAE93 (144A) and XS0889401724 (REGS)) (the “October 2023 Notes”) and USD 700,000,000 7.25% notes due December 2023 (US36251BAB18 (144A) and XS1400710726 (REGS)) (the “December 2023 Notes” and together with the October 2023 Notes, the “Notes”)
    Amsterdam, Netherlands, 20 April 2023 15:30 CET: The Issuer announces today the results of the 2023 Put Option in respect of the Notes.
  • On 5 April 2023, the Issuer issued the 2023 Put Option Event Notice which commenced the 2023 Put Option Period during which Holders could elect to participate in the 2023 Put Option.
  • The 2023 Put Option Period expired at 5:00 p.m. (New York time) on 19 April 2023 and the aggregate principal amount of Notes in respect of which the 2023 Put Option had been validly exercised was: (a) USD 165,377,000 of the October 2023 Notes, and (b) USD 293,747,000 of the December 2023 Notes.
  • Subject to the terms of the 2023 Put Option, the Issuer will pay to the Holders of Notes accepted for purchase the Repurchase Price for their Notes on 26 April 2023.

2023 put option event notice

Retrieved on: 
Wednesday, April 5, 2023
Federal Law on Protection of Personal Data Held by Individuals, Tax, Qi, Depository Trust Company, Direct participation program, Acquisition, Put option, European, VEON, Amendment, DTC, Repurchase agreement, USD, Nisio Isin, Legislation, Condition, Settlement date, Record, Holder, Advertising, Depository Trust & Clearing Corporation, Common coding theory, Securities market, Holder in due course, Person, Sale, Prospectus, Settlement, Nature, Series, ISIN, United Kingdom, System, Book, Element, Security (finance), Cryptocurrency, EU, Sanction, Note, Euroclear, Issuer

In accordance with Condition 6(e)(ii) and Condition 6(e)(2) (2023 Put Option) of each respective Series of Notes, the Issuer hereby gives notice to the holders of the Notes (each a “Holder” and together the “Holders”) that the Amendment Effective Date occurred on 4 April 2023 and, accordingly, the 2023 Put Option Period shall commence today, 5 April 2023, and expire at 5:00 p.m. (New York time) on 19 April 2023.

Key Points: 
  • In accordance with Condition 6(e)(ii) and Condition 6(e)(2) (2023 Put Option) of each respective Series of Notes, the Issuer hereby gives notice to the holders of the Notes (each a “Holder” and together the “Holders”) that the Amendment Effective Date occurred on 4 April 2023 and, accordingly, the 2023 Put Option Period shall commence today, 5 April 2023, and expire at 5:00 p.m. (New York time) on 19 April 2023.
  • For the avoidance of doubt, the 2023 Put Option Election Notice defined in this notice is the 2023 Put Option Election Notice referred to in the Conditions and Holders do not need to obtain any form of notice from the Settlement Agent, provided that Holders follow the procedures outlined below.
  • Holders that require assistance with respect to the procedures for participating in the 2023 Put Option should contact the Settlement Agent, the contact details for whom are set out on the last page of this 2023 Put Option Event Notice.
  • Euroclear and Clearstream, Luxembourg will collect from the Direct Participants:
    participate the Notes in the 2023 Put Option and deliver the acceptances held by them on behalf of their Direct Participants; and
    credit their accounts on the Settlement Date, in respect to all Notes in respect of which a 2023 Put Option Election Notice has been validly submitted; and
    By participating in the 2023 Put Option in this manner, Holders will be deemed to have acknowledged that they have received this 2023 Put Event Notice and agree to be bound by the terms of this 2023 Put Event Notice and that the Issuer may enforce such agreement against such Holders.

Skyharbour Partner Company Tisdale Clean Energy Receives Approval from TSX Venture Exchange for South Falcon East Property Option Agreement, Saskatchewan

Retrieved on: 
Wednesday, January 25, 2023
Disclosure, Technical report, SEDAR, South Tyrol Option Agreement, TSX Venture Exchange, Put option, National instrument, Exchange, Smart contract, Metal, Option, News, Conference, Consultant, Key Lake mine, Report, VWAP, Renewable energy, CAD, Oil, Security (finance), Healthcare, Mining, Athabasca Basin, Property

The Property consists of a series of mineral claims totaling 12,770 hectares, located in the Athabasca Basin in Northern Saskatchewan.

Key Points: 
  • The Property consists of a series of mineral claims totaling 12,770 hectares, located in the Athabasca Basin in Northern Saskatchewan.
  • Terms of the Option Agreement:
    Pursuant to the Option Agreement, Tisdale may acquire up to a 75% (seventy-five percent) interest in the Property, in two phases.
  • Assuming Tisdale exercises any portion of the option and acquires an interest in Property, the parties intend to form a joint venture for the ongoing development of the Property.
  • South Falcon East Project Summary:
    The South Falcon East Project is a uranium exploration project in the southeast Athabasca Basin and represents a portion of Skyharbour’s existing South Falcon Project.

GobiMin Announces Third Quarter 2022 Results

Retrieved on: 
Friday, November 4, 2022
TSX Venture Exchange, Company, POS, II, Working capital, Projection, Procurement, COVID-19, Marketing, Income, Review, Cayman, Disposal, Saindak Copper Gold Project, Put option, Golden Dragon, Silver Snake, Security (finance), Depreciation, Cryptocurrency, Group, Investment

 Toronto, Canada, Nov. 04, 2022 (GLOBE NEWSWIRE) -- (TSXV: GMN) GobiMin Inc. (“GobiMin” or the “Company”, together with its subsidiaries collectively the “Group”) reports its financial and operating results for the third quarter of 2022. The unaudited condensed interim consolidated financial statements along with quarterly highlights of management’s discussion and analysis have been filed with SEDAR (www.sedar.com) and are also available at the website of the Company (www.gobimin.com).

Key Points: 
  • The registration of equity transfer with the local authority for the Disposal was completed on July 25, 2022.
  • The operating results of the Disposal Group were classified as discontinued operations for the nine months ended September 30, 2022.
  • For the period from October 1, 2022 to November 4, 2022, no common shares were repurchased under the NCIB.
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GobiMin Announces Second Quarter 2022 Results

Retrieved on: 
Thursday, August 18, 2022
Put option, Golden Dragon, Silver Snake, POS, Disposal, Saindak Copper Gold Project, Security (finance), Income, Marketing, Cayman, Review, COVID-19, Company, Depreciation, Projection, IFRS, Mining, Cryptocurrency, Group, Investment

TORONTO, Aug. 18, 2022 (GLOBE NEWSWIRE) -- (TSXV: GMN) GobiMin Inc. (“GobiMin” or the “Company”, together with its subsidiaries collectively the “Group”) reports its financial and operating results for the second quarter of 2022. The unaudited condensed interim consolidated financial statements along with quarterly highlights of management’s discussion and analysis have been filed with SEDAR (www.sedar.com) and are also available at the website of the Company (www.gobimin.com).

Key Points: 
  • The registration of the equity transfer with the local authority for the Disposal was completed on July 25, 2022.
  • As at June 30, 2022, unlisted investments held by the Group other than Dragon Silver and Infinity Tech amounted to $233,000 (December 31, 2021: $268,000).
  • For the six months ended June 30, 2022, rental income from the leased properties was $98,000 (six months ended June 30, 2021: $105,000).
  • To receive GobiMin press releases by email, send a message to [email protected] and
    To unsubscribe GobiMin press releases, please send a message to [email protected]