Brighter is notified that its distributors in Nigeria and Ghana wish to renegotiate the distribution agreements - estimated revenues will either be substantially reduced or not materialise.
Brighter AB (Publ), the “Company” or “Brighter”), today announced that it has received notice from the company’s distribution partners Wssonlines Nigeria Ltd in Nigeria and Fretac Plus Ventures in Ghana (“the Distributors”) that they wish to renegotiate the distribution contracts in Nigeria and Ghana covering Actiste® and Actiste® Mini (“Actiste® Service”), which was originally announced on 30 December 2020. It is now anticipated by the Company that the estimated revenues from such distribution agreements (stated below) will either not materialise or will be substantially reduced.