SIMRIS ALG CONFIRMS AN INCREASE TO ITS FLEXIBLE FUNDING FACILITY
Simris Alg AB (publ), today announced a €0.5m increase to its flexible funding facility with The Brand Laboratories, a company associated with Simris Chairman, Steven Schapera. The increase is contingent upon Shareholder approval. A notice calling for an Extra Genera Meeting (EGM) will be sent out in the coming days. The full funding facility will be secured against a business mortgage.The Brand Laboratories FZ ("TBL"), a company associated with Simris Chairman, Steven Schapera, has agreed to increase the flexible funding facility it provided to Simris on 25th August 2022 by up to €0.5m,