Recipharm resolves to issue shares with payment in kind to complete the acquisition of Nitin Lifesciences Limited
The Board of Directors of Recipharm AB (publ) ("Recipharm" or the “Company") has today resolved to issue 558,261 series B shares in the Company. The shares have been subscribed for by the Sobti family and payment for the subscribed shares consists of shares in Nitin Lifesciences Limited, as described in Recipharm's press release dated 2 January 2018 in connection with the announcement of the acquisition. In addition, the Sobti family have agreed not to sell any shares in Recipharm for a lock-up period of 12 months. The purchase price for the acquired shares, which corresponds to