BRIEF-Garnero Group Acquisition Business announces termination of financial investment contract and offers info on liquidation

Garnero Group Acquisition Co * As outcome of certain material breaches by Q1 Comercial De
Roupas S.A. of contract in between parties, it has actually ended offer * Garnero group acquisition business announces termination of
financial investment agreement and supplies details on liquidation * Ended its formerly revealed proposed merger with
grupo colombo

* Ggac’s business existence will cease as of july 22, 2016
other than for purposes of winding up its affairs and liquidating * Share transfer books of ggac will be closed since july 23,

* Per-Share liquidation cost will be around $10.05.

* No payments will be made in respect of co’s impressive.
warrants, rights, to any of its preliminary shareholders securities.
owned by them prior to ipo Source text for Eikon: Further company protection:.

( Reporting by Parikshit Mishra).

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