Dec 24 (Reuters) - Ellex Medical Lasers Ltd ELX.AX :
* EXECUTION OF A BINDING SHARE SALE AND PURCHASE AGREEMENT (SPA) FOR SALE OF ELLEX LASERS & ULTRASOUND BUSINESS (BUSINESS)
* DEAL VALUE FOR SALE IS A$100 MILLION IN CASH
* ELLEX BOARD OF DIRECTORS UNANIMOUSLY RECOMMEND TRANSACTION
* ANNOUNCES EXECUTION OF A BINDING SHARE SALE AND PURCHASE AGREEMENT WITH LUMIBIRD GROUP SA
* ADDITIONALLY, LUMIBIRD WILL ALSO ASSUME OWNERSHIP OF ELLEX MANUFACTURING FACILITY IN ADELAIDE, AUSTRALIA