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Tony G Co-Investment Holdings (CSE: TONY) has announced the termination of a previously planned share transaction with Sportclothes UAB and UAB ‘NTSG’. According to the termination agreement dated December 6, 2024, the Company will retain its 2,000 shares in Sportclothes, and the share exchange agreement from September 7, 2023, will not proceed.
Tony G Co-Investment Holdings (CSE: TONY) ha annunciato la cessazione di una transazione azionaria precedentemente pianificata con Sportclothes UAB e UAB ‘NTSG’. Secondo l’accordo di cessazione datato 6 dicembre 2024, la Società manterrà le sue 2.000 azioni in Sportclothes, e l’accordo di scambio azionario del 7 settembre 2023 non andrà avanti.
Tony G Co-Investment Holdings (CSE: TONY) ha anunciado la terminación de una transacción de acciones previamente planeada con Sportclothes UAB y UAB ‘NTSG’. Según el acuerdo de terminación fechado el 6 de diciembre de 2024, la Compañía retendrá sus 2.000 acciones en Sportclothes, y el acuerdo de intercambio de acciones del 7 de septiembre de 2023 no se llevará a cabo.
Tony G Co-Investment Holdings (CSE: TONY)는 Sportclothes UAB 및 UAB ‘NTSG’와의 이전에 계획된 주식 거래의 종료를 발표했습니다. 2024년 12월 6일자 종료 계약에 따르면, 회사는 Sportclothes의 2,000주를 유지하며, 2023년 9월 7일의 주식 교환 계약은 진행되지 않을 것입니다.
Tony G Co-Investment Holdings (CSE: TONY) a annoncé la résiliation d’une transaction d’actions précédemment prévue avec Sportclothes UAB et UAB ‘NTSG’. Selon l’accord de résiliation daté du 6 décembre 2024, la Société conservera ses 2.000 actions dans Sportclothes, et l’accord d’échange d’actions du 7 septembre 2023 ne sera pas exécuté.
Tony G Co-Investment Holdings (CSE: TONY) hat die Beendigung einer zuvor geplanten Aktien Transaktion mit Sportclothes UAB und UAB ‘NTSG’ bekannt gegeben. Laut dem Beendigungsvereinbarung vom 6. Dezember 2024 wird das Unternehmen seine 2.000 Aktien von Sportclothes behalten, und das Aktienaustauschabkommen vom 7. September 2023 wird nicht zustande kommen.
Toronto, Ontario–(Newsfile Corp. – December 6, 2024) – Tony G Co-Investment Holdings Ltd. (CSE: TONY) (the “Company“) announces that, further its press release of September 8, 2023, the Company has entered into a termination agreement (the “Agreement“) dated December 6, 2024 with Sportclothes UAB (“Sportclothes“) and UAB “NTSG” (the “Selling Shareholder“). In accordance with the terms of the Agreement, the Company will not be selling the 2,000 shares of Sportclothes it holds and the transactions contemplated by the share exchange agreement dated September 7, 2023, with the Selling Shareholder and Sportclothes will not be proceeding.
This press release contains “forward-looking statements”, within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Tony G Co-Investment Holdings Ltd. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate” “plans”, “estimates” or “intends” or stating that certain actions, events or results ” may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be “forward-looking statements”. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements.
The forward-looking statements and information in this press release include, but are not limited to the Company’s intention to defend the litigation with the Fund, the Company’s liability under the Debenture and the above-mentioned litigation.
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements. Such forward-looking statements, including but not limited to statements relating to the Loan and the Company’s business strategy, involve risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements. Such factors include, among others, that the litigation referred to herein will be resolved in a manner that is unfavourable to the Company (including any judgment, award or settlement of the litigation that results in the Company incurring liability, costs or expenses that, in the aggregate, exceed the share issuance costs of the Conversion Shares), the Company is required to issue shares other than the Conversion Shares or pay any amount to the plaintiff in defending, resolving, or in connection with, such litigation, and other related matters, or other factors set forth in the Company’s publicly filed documents under its profiles at www.sedarplus.ca.
Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statement prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.
The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
None of the Canadian Securities Exchange or its Regulation Services Provider (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232839
FAQ
What happened to Tony G Co-Investment Holdings’ deal with Sportclothes UAB?
On December 6, 2024, Tony G Co-Investment Holdings announced the termination of their share exchange agreement with Sportclothes UAB and UAB ‘NTSG’. The company will retain its 2,000 shares in Sportclothes.
How many shares does Tony G Co-Investment Holdings own in Sportclothes UAB?
Tony G Co-Investment Holdings owns 2,000 shares in Sportclothes UAB, which they will retain following the termination of the share exchange agreement.
When was the original share exchange agreement between Tony G Co-Investment Holdings and Sportclothes UAB signed?
The original share exchange agreement between Tony G Co-Investment Holdings and Sportclothes UAB was signed on September 7, 2023.
