Esperite N.V. (ESP): Sale by Esperite of stake in Cryo-Save South Africa cancelled

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Algemeen advies 04/10/2018 07:40
Amsterdam, The Netherlands - 3 October 2018
Esperite N.V. (Euronext: ESP, the "Company" or "Esperite") today announced that the sale agreement between Esperite and Go-Life Healthcare Limited ("Go-Life Healthcare") as announced on 2 July 2018 (the "Sale Agreement") has been cancelled due to the non-fulfilment of certain closing conditions, including payment of the purchase price by Go-Life Healthcare. Esperite offered to extend the deadline for the closing conditions under the Sale Agreement until 21 October 2018, provided it would receive payment of the purchase price (or collateral securing such payment) by 30 September 2018. Unfortunately, parties were not able to reach agreement on such extension.

Unless a new sale agreement is entered between Esperite and Go-Life Healthcare, Esperite will continue to holds its 50% equity stake in Cryo-Save South Africa Proprietary Limited and Salveo Swiss Technologies Limited. Esperite has convened shareholders meetings of both entities to discuss the Company's future business operations in South Africa with its joint venture partner. Esperite will update the market further as and when appropriate.

tijd 09.43
Esoerite EUR 0,223 -1,65ct vol. 191.419

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