Business
Proposed Transaction and Suspension of Listing
Proposed Transaction and Suspension of Listing.
About this update from Anemoi International Limited
[{"type":"text","content":"\n \n \n \n RNS Number : 6762G\n Anemoi International Ltd\n 28 July 2021\n \n \n \n \n 28 July 2021\n \n \n \n \n \n This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.\n \n \n \n \n \n Anemoi International Ltd\n \n \n \n \n \n (Reuters: AMOI.L, Bloomberg: AMOI:LN)\n \n \n (the \"Company\" or \"Anemoi\")\n \n \n \n \n \n Proposed Transaction and Suspension of Listing\n \n \n \n \n \n The Board of Anemoi are pleased to announce that the Company has signed non-legally binding heads of terms (\"Heads of Terms\") with the shareholders of id4 AG (\"id4\") which set out the key terms for the proposed acquisition of the entire issued share capital of id4 (the \"Acquisition\"). Although the consideration payable by Anemoi for the Acquisition has not yet been determined, it is anticipated that it will be satisfied entirely by the issue of new Anemoi shares to the shareholders of id4. The Company also announces that it intends to carry out a simultaneous fundraising to raise further working capital for the enlarged group.\n \n \n \n \n \n id4 is a Software as a Service (SaaS) company specialised in the provision of digital Customer Lifecycle Management (\"CLM\") solutions for financial and non-financial institutions, with solutions that help institutions to on-board clients digitally in an increasingly complex regulatory environment, whilst concurrently delivering a client user-friendly experience. id4's Anti Money Laundering (\"AML\") and Know Your Client (\"KYC\") software products are specifically designed for use by small and medium sized regulated financial intermediaries, such as brokers, IFAs, independent asset managers, private banks, business process outsourcers, insurance companies, law firms and trust companies. \n \n \n \n \n \n id4 was nominated as one of the RegTech 100 in 2020. In addition, id4 received the Best Compliance Solution Award in 2020 and the Best Fintech Solution Award in 2021 at the WealthBriefing Swiss Awards.\n \n \n \n \n \n Should the Acquisition complete, it would constitute a Reverse Take Over (\"RTO\") under the Listing Rules and accordingly the Company woul...