Discloseable and connected transaction disposal of a subsidiary

Summary by 6ix AI

Upon completion of the transaction, Inkeverse will no longer hold any equity interest in the target company, which will cease to be a subsidiary and its financial results will not be consolidated into Inkeverse's statements. The transaction is classified as a discloseable and connected transaction under the Listing Rules, requiring reporting but not shareholder approval. The agreement includes various conditions precedent that must be fulfilled for the completion of the sale.

Written by 6ix AI from the company’s filing. How 6ix writes summaries