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Tuesday, October 15, 2019 9:13:42 AM
SES has set a minimum participation level by Batchfire shareholders of 25% inclusive of SES’s own 7.37% holding in Batchfire. Each participating Batchfire shareholder will enter into a Share Exchange Agreement with SES and, to date, SES has received signed Share Exchange Agreements from 33% of Batchfire shareholders, inclusive of SES Group’s ownership, meeting the minimum participation level.
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