Camanio Care enters into a share purchase agreement with Brighter on the divestment of Camanio Care’s subsidiary
Camanio Care (publ) ("Camanio") announced on 8 September 2019 that it has signed a letter of intent with Brighter AB (publ) ("Brighter") regarding the divestment of all shares in Camanio Care's subsidiary holding the complete business of Camanio Care. Camanio Care has today entered into a share purchase agreement with Brighter regarding the terms of the acquisition. The agreement stipulates that the purchase price for the subsidiary is MSEK 17 to be paid in shares in Brighter. The divestment of Camanio Care's subsidiary also requires the approval by Camanio Care at an Extraordinary General Meeting.
Camanio Care has engaged Wahlton Attorneys as legal advisor and Arkney Limited for an independent valuation. The valuation has been obtained as decision material for the Board and provides support for the Board's decision to enter into this agreement.
The purchase price for the planned divestment is intended to be paid by Brighter through a non-cash issue directed to Camanio Care, and Camanio Care transfers all shares in its subsidiary to Brighter. The value of the total number of shares planned to be issued by Brighter in the rights issue will be MSEK 17. The calculation of number of shares in Brighter that corresponds to the value of Camanio Care's subsidiary, will be based on the volume-weighted average price for Brighter’s share during a period of twenty (20) trading days before the decision on the rights issue.
For more information, please contact:
Catharina Borgenstierna, CEO
Telephone: +46 733-93 00 07
This information is information that Camanio Care is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 5 pm on September 29, 2019.
About Camanio Care
Camanio Care is a digital care technology company developing smart solutions for home care centered around the individual. Our platform and digital services connect people, professionals and equipment in an easy and open way in order to achieve the optimal mix of digital and physical care. We increase the quality of care and quality of life, making care more readily available to all the people who need it. Camanio Care is headquartered in Stockholm, has the subsidiary Camanio Care Inc. in the U.S., and distributors in Asia, Middle East, Hongkong, Australia and tens of European countries. Visit our website and subscribe to our newsletter, www.camanio.com.
About Brighter AB
Brighter is a Swedish-based company that, from a unique IP portfolio, creates smart solutions for one of healthcare’s biggest challenges: changing patient behavior. Chronic diseases such as diabetes are rapidly increasing, and account for an increasing share of healthcare costs globally. Brighter's Business Model and Multi-Sided Market Platform - The Benefit Loop®- is based on the fact that many special interests create value for each other. By increasing access to valid health data, Brighter creates value for all stakeholders in the care chain: patients and their close associates, healthcare providers, research institutes, the pharmaceutical industry, and society as a whole. Brighter is certified under ISO 13485. In 2019 the company won the Swecare Rising Stars Award. https://brighter.se/. The Company's shares are listed on Nasdaq First North Growth Market/BRIG.