SIG Invest AB (publ) and Deflamo AB (publ) (Nasdaq First North Growth Market: DEFL B) have jointly announced that the parties have entered an agreement for a reverse takeover where Deflamo will acquire the shares in SIG Invest.
Deflamo’s Board of Directors proposes that the Extraordinary General Meeting on 22 November, 2019 resolves, among other things, on the acquisition of SIG Invest through an issue in kind of a maximum of 1,769,838,194 new B shares in consideration for the shares in SIG Invest. Following the completion of the transaction, SIG Invest’s shareholders will hold approximately 95.75 per cent of the shares and 95.28 per cent of the votes in Deflamo.
SIG Invest, founded in 2014, is a value-adding real estate company that works with innovative property development and property management.
Augment is acting as financial adviser to SIG Invest in connection with the reverse takeover.