VBL plc - Acquisition of the ‘Coliseum Building’

On 2 November 2022, VBL plc announced that it entered into an agreement with Pace Brothers plc (the owner of the ‘Coliseum Building’) whereby the consideration price for the acquisition of the ‘Coliseum Building’ has been reduced by €0.1 million to €6.4 million. Furthermore, in addition to the deposit already paid by VBL (€0.65 million) and the new shares to be issued and allotted (€1 million at €0.28 per share), the remaining balance of €4.75 million will be settled in full upon the conclusion of the final deed by 10 November 2022.