PTA-News: CAG International AG: Annoucement today delays in the progress toweart the execution of definitve agreement for aqcuisition by CAG of IMS

Monday, 20. September 2021 00:01

Business news for the stock market

Baar (pta001/20.09.2021/00:01) - 19 September 2021 -- Baar, Switzerland, Disclosure of inside information
pursuant to Article 17 para. 1 of the Regulation (EU) No. 596/2014 on
market abuse (Market Abuse Regulation).

CAG International AG ("CAG"), a company with shares admitted to trading
on the Direct Market segment of the Vienna MTF (Vienna Stock Exchange)
under ISIN CH0505534542 (Ticker Symbol: CAG:AV) announced today delays
in the progress towards the execution of definitive agreements for the
acquisition by CAG of Innovative Management Solutions, Inc., ("IMS") a
provider of project portfolio management services with offices in Dallas
and Houston, Texas. CAG had on 29 January 2021 announced the execution
of a term sheet with IMS for the acquisition of 100% of the outstanding
shares of the company.

CAG's management continues discussions with IMS but due to recent
developments does not anticipate consummating an acquisition prior to Q1
2022.

Contacts:
CAG International AG
Zugerstrasse 72
6340 Baar
Switzerland

info@caginternationalag.com

https://www.caginternationalag.com/

(end)

emitter: CAG International AG
address: Zugerstrasse 72, 6340 Baar
country: Switzerland
contact person: Hans Amell
e-mail: info@caginternationalag.com
website: www.caginternationalag.com

ISIN(s): CH0505534542 (share)
stock exchanges: Vienna MTF in Vienna

[ source: http://www.pressetext.com/news/20210920001 ]

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