News: DMC Design Milk Signs SSA With Key Shareholders To Acquire LVX Global

Sept 11 (Reuters) - Design Milk Co Ltd (DMC) :

• DMC SIGNS SSA WITH KEY SHAREHOLDERS TO ACQUIRE LVX GLOBAL
• EXECUTED A CONDITIONAL SHARE SALE AGREEMENT WITH KEY SHAREHOLDERS OF LVX GLOBAL HOLDINGS
• AGREEMENT TO ACQUIRE SMART BUILDINGS AND INTERNET OF THINGS BUSINESS OPERATED BY LVX
• TOTAL PURCHASE CONSIDERATION WILL BE A$39.0 MILLION
• IS IN PROCESS OF UNDERTAKING LEGAL AND FINANCIAL DUE DILIGENCE ON LVX
• UNDERTAKING A CAPITAL RAISE TO RAISE MINIMUM OF A$5M AND MAXIMUM OF A$8 MILLION
• CAPITAL RAISE BASED ON AN OFFER PRICE OF 0.7 AU CENTS PER SHARE