AN1 0.00% 0.8¢ anagenics limited

Ann: Pause in Trading, page-16

  1. 389 Posts.
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    Another 4% wondering.... not just products, but possibly shares as well......

    Extract from the Cellmid ASX announcement of April 29, 2021, titled AGREEMENT SIGNED FOR SALE OF LYRAMID LIMITED, which detailed the Cellmid/Provelmare sale, and which was approved by the Cellmid Board (as it was known then).....

    "A 4% fee is payable to Cellmid on sale of Lyramid shares by the buyer above a certain valuation".

    The Roquefort announcement of November 18,2021 revealed that the Provelmare/Roquefort sale of 100% of Lyramid shares was for 1 million GBP, 50% cash and 50% ROQ shares.

    I wonder if that deal was "above a certain valuation".
 
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