FirstFarms A/S (CPSE:FFARMS) signed a letter of intent to acquire AISM srl from Bendt Wedell, Anders Kirk Johansen and Ulrik Theophil Jørgensen for RON 46.7 million on January 27, 2020. On March 27, 2020, FirstFarms signed a conditional agreement to acquire AISM srl. In this connection, it is intended, that the owners of AISM srl will receive 1.2 million new shares in FirstFarms A/S, and also a conditional receivable corresponding to the value of 0.05 million shares at the time where the receivable is to be settled. The receivable must be settled on delivery of the shares or cash 15 months after closing, to the extent that no guarantee claims have been made beforehand. The transaction structure is not yet final determined. A timetable has been agreed for the implementation of due diligence and the further process with negotiations and conclusion of agreement. The transaction is expected to be completed at the latest in second quarter of 2020. The purchase is expected to contribute with a positive result in the current financial year.