EXL elixinol wellness limited
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News: EXL Elixinol Wellness Says Proposed Acquisition Of The Sustainable Nutrition Group

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    29/11/22
    11:50
    Post #: 65045731

    Nov 29 (Reuters) - Elixinol Wellness Ltd (EXL) :

    • PROPOSED ACQUISITION OF SUSTAINABLE NUTRITION GROUP
    • GROUP IS ANTICIPATED TO BENEFIT FROM POTENTIAL ANNUALISED COST SAVINGS AND IDENTIFIED SYNERGIES OF UP TO A$6.6 MILLION
    • DEAL FOR 1.1225 EXL SHARES BEING ISSUED PER TSN SHARE
    • TSN BOARD HAS UNANIMOUSLY RECOMMENDED THAT ALL TSN SHAREHOLDERS VOTE IN FAVOUR OF SHARE SCHEME
    • WILL ALSO PROVIDE LOAN FUNDING OF UP TO A$2 MILLION TO TSN'S OPERATING UNIT
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