Flexdeal - Simfe SaEURONEXT: FLEXD

Flexdeal Says Intents To Increase Stake In Raize To Up To 100% Share Capital

· Issued by Flexdeal - Simfe SA

Flexdeal SIMFE SA EURONEXT:FLEXD:

  • UPDATES INTENTION TO INCREASE STAKE IN RAIZE TO UP TO 51%

  • INTENDS TO BUY 1.8 MILLION SHARES OF RAIZE AT 0.84 EUROS PER SHARE THROUGH SUBSCRIPTION OF SHARES ISSUED THROUGH CAPITAL INCREASE

  • INTENDS TO BUY REMAINDER OF RAIZE SHARES AT MARKET PRICE, AIMING TO HOLD 100% OF RAIZE STAKE

  • TRANSACTION SUBJECT TO NON OPPOSITION BY THE BANK OF PORTUGAL

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