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Comvita Limited — Capital/Financing Update 2019
Apr 30, 2019
66182_rns_2019-04-30_19cfe139-2d5a-45e4-825f-7b57d59bf0ec.pdf
Capital/Financing Update
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30 April 2019
Update on acquisition of remaining 49% of China Joint Venture
Comvita (NZX:CVT) announced today that further to our announcement of 10 April 2019, the parties have extended the conditional date from 30 April 2019 to 31 May 2019 (with further provision to extend this date by agreement). The transaction remains conditional upon the following material conditions:
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Confirmatory due diligence to be completed to Comvita’s satisfaction;
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Compliance with all legal requirements;
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Issuance of an updated Business Licence for the JV;
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Confirmation of the continuation of all material contracts of the JV.
Completion will occur three Business Days after satisfaction of all transaction conditions.
Ends
For further information:
Comvita CEO, Scott Coulter, 021 386 988 Comvita Chair, Neil Craig, 021 731 509
Background information:
About Comvita (www.comvita.co.nz)
Comvita (NZX:CVT) is a global natural health company committed to the development of innovative products, backed by ongoing investment in scientific research.