Settlement Agreement.3 Aug 2020 14:13
Hi everyone, I just got this email through from MESH, looks like the cogs are finally turning..... fingers crossed for all parties!
3 August 2020
MESH Holdings PLC
(“MESH” or “the Company”)
Settlement Agreement with Asimilar Plc (“ASLR”)
regarding Sentiance N.V. (“Sentiance”)
MESH is pleased to confirm that, following the announcement on 14 July 2020, it has reached a definitive settlement agreement with ASLR regarding their Subscription and Acquisition Option rights in Sentiance.
In order to ensure the best long-term outcome for all stakeholders, including being able to effectively capitalise in the near term on the rapidly growing business momentum of Sentiance, the various parties have agreed that MESH will solely be implementing and executing the Sentiance transaction arrangements.
Under the Settlement Agreement, ASLR no longer holds any rights with regards to (i) 20,000 ordinary Sentiance Subscription Shares and or (ii) the Acquisition Option pertaining to 32,225 existing ordinary Sentiance shares. In return, MESH will compensate ASLR through the issue of 24 million new ordinary MESH shares as part of a full and final settlement. The Company will allot these shares to ASLR shortly after the completion of the MESH General Meeting on 20 August 2020.