Investee company update: Bio Vitos-CRAVEN HOUSE CAPITAL PLC

Investee company update: Bio Vitos-CRAVEN HOUSE CAPITAL PLC

Investee company update: Bio Vitos

The Board of Craven House notes the announcement released earlier today by Hemcheck Sweden AB ("Hemcheck").  Further to its investee company update released at 7:00AM on 8 February 2023, which outlined that its investee company Bio Vitos was being acquired in a share exchange transaction by Nasdaq listed Hemcheck, Craven House now announces that whilst the acquisition by Hemcheck has now been completed and approved by Hemcheck shareholders, the prior approval application submitted to Nasdaq Stockholm, by Hemcheck, has not been approved by Nasdaq. Hemcheck and Bio Vitos have therefore entered into a supplementary agreement that will enable current operations to remain in operation whilst an updated re-listing application is submitted by Hemcheck to Nasdaq.

Bio Vitos anticipates that it will receive its shares in Hemcheck before the end of July 2023 which will be passed directly onto the Bio Vitos shareholders, which include Craven House. Craven House's 24.5% holding in Bio Vitos, will remain unchanged. 

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