RichReach Corporation Public Ltd (the “Company”) wishes to inform the investing public that it has signed today a Share Purchase Agreement with one of its existing strategic investors. The agreement pertains to the investment of €70,000 in the Company’s share capital through private placement, by virtue of which the strategic investor will purchase 19,444 additional shares of the Company at the price of €3.60 each. The purchase price agreed reflects a 10% discount to the Issue Price in accordance with Part A: Key Share Capital of the Company’s Admission Document.
It is further clarified that the investment will be made in two parts:
€40,000 during June 2020 for the purchase of 11,111 shares of the Company
€30,000 during October 2020 for the purchase of 8,333 shares of the Company
The Company will make follow-up announcements once the money from the aforementioned investment are received.